Asset Management One Co. Ltd. Has $32.73 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Asset Management One Co. Ltd. cut its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 2.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,095 shares of the software maker's stock after selling 1,354 shares during the period. Asset Management One Co. Ltd. owned about 0.11% of HubSpot worth $32,726,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elequin Capital LP purchased a new position in HubSpot during the fourth quarter valued at approximately $27,000. Larson Financial Group LLC grew its position in HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after purchasing an additional 27 shares in the last quarter. Coppell Advisory Solutions LLC grew its position in HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after purchasing an additional 22 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its stake in HubSpot by 213.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after acquiring an additional 32 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in HubSpot in the fourth quarter valued at approximately $36,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HUBS has been the subject of a number of analyst reports. Barclays reduced their target price on shares of HubSpot from $815.00 to $745.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. BNP Paribas initiated coverage on shares of HubSpot in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $700.00 target price for the company. Piper Sandler lifted their target price on shares of HubSpot from $535.00 to $645.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Morgan Stanley lifted their target price on shares of HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Finally, The Goldman Sachs Group reduced their target price on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Five research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, HubSpot presently has a consensus rating of "Moderate Buy" and a consensus target price of $766.71.

HubSpot Price Performance

HUBS stock traded up $4.34 on Thursday, reaching $547.70. 592,972 shares of the company were exchanged, compared to its average volume of 626,120. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The stock's fifty day moving average price is $598.91 and its 200 day moving average price is $652.56. The firm has a market capitalization of $28.89 billion, a PE ratio of -1,217.10, a PEG ratio of 20.25 and a beta of 1.70.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 680 shares of the business's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total value of $408,000.00. Following the sale, the chief executive officer now owns 71,693 shares of the company's stock, valued at $43,015,800. The trade was a 0.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the completion of the sale, the insider now directly owns 525,687 shares in the company, valued at $283,135,018.20. This trade represents a 1.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,062 shares of company stock valued at $11,011,432. 4.50% of the stock is owned by company insiders.

About HubSpot

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.