Sumitomo Mitsui Trust Group Inc. Sells 5,552 Shares of HubSpot, Inc. (NYSE:HUBS)

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 124,720 shares of the software maker's stock after selling 5,552 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of HubSpot worth $71,251,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Elequin Capital LP acquired a new stake in shares of HubSpot in the fourth quarter valued at approximately $27,000. Larson Financial Group LLC raised its holdings in HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after acquiring an additional 27 shares in the last quarter. Coppell Advisory Solutions LLC lifted its position in shares of HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after acquiring an additional 22 shares during the period. Aster Capital Management DIFC Ltd grew its holdings in shares of HubSpot by 213.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after purchasing an additional 32 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in HubSpot during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Buying and Selling at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $548.03, for a total value of $4,658,255.00. Following the completion of the transaction, the director owned 523,984 shares of the company's stock, valued at $287,158,951.52. The trade was a 1.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Yamini Rangan sold 680 shares of the firm's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the sale, the chief executive officer owned 71,693 shares in the company, valued at approximately $43,015,800. This trade represents a 0.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,680 shares of company stock valued at $9,644,355 in the last three months. 4.50% of the stock is owned by corporate insiders.

HubSpot Trading Down 2.2%

Shares of HubSpot stock traded down $12.48 on Wednesday, reaching $545.38. The stock had a trading volume of 1,051,546 shares, compared to its average volume of 628,447. The business's 50 day moving average is $600.41 and its two-hundred day moving average is $647.18. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The company has a market cap of $28.76 billion, a P/E ratio of -1,211.96, a price-to-earnings-growth ratio of 20.27 and a beta of 1.66.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HUBS shares. The Goldman Sachs Group cut their price target on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a report on Friday, May 9th. Wells Fargo & Company dropped their target price on shares of HubSpot from $700.00 to $675.00 and set an "overweight" rating for the company in a report on Monday, June 9th. Morgan Stanley upped their price objective on shares of HubSpot from $659.00 to $752.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Mizuho cut their target price on shares of HubSpot from $900.00 to $700.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, Oppenheimer upped their price target on shares of HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Five analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $766.71.

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.