Mn Services Vermogensbeheer B.V. Lowers Stake in HubSpot, Inc. (NYSE:HUBS)

Mn Services Vermogensbeheer B.V. lowered its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 7.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 17,300 shares of the software maker's stock after selling 1,400 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in HubSpot were worth $9,883,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HUBS. Elequin Capital LP acquired a new position in HubSpot during the fourth quarter valued at $27,000. Larson Financial Group LLC lifted its holdings in shares of 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 buying an additional 27 shares during the period. Coppell Advisory Solutions LLC lifted its holdings in shares of HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after buying an additional 22 shares during the period. Aster Capital Management DIFC Ltd lifted its holdings in shares of HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after buying an additional 32 shares during the period. Finally, Bank of Jackson Hole Trust acquired a new position in shares of HubSpot in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on HUBS shares. Needham & Company LLC reiterated a "buy" rating and set a $900.00 price target on shares of HubSpot in a research report on Friday, May 9th. Citigroup increased their price objective on shares of HubSpot from $750.00 to $759.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Piper Sandler raised their price objective on shares of HubSpot from $535.00 to $645.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Scotiabank cut their target price on HubSpot from $900.00 to $750.00 and set a "sector outperform" rating for the company in a research note on Thursday, April 24th. Finally, Stifel Nicolaus set a $750.00 price target on shares of HubSpot in a research note on Friday, April 25th. Five research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $766.71.

HubSpot Stock Performance

Shares of NYSE:HUBS traded down $11.65 on Wednesday, hitting $543.20. 795,867 shares of the company's stock were exchanged, compared to its average volume of 624,471. The firm's 50-day moving average is $598.03 and its 200 day moving average is $660.02. The company has a market capitalization of $28.65 billion, a PE ratio of -1,207.12, a P/E/G ratio of 20.16 and a beta of 1.70. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13.

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 2,382 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the transaction, the chief executive officer now owns 72,373 shares in the company, valued at approximately $41,536,312.16. This represents a 3.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the company'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 transaction, the insider now owns 525,687 shares of the company's stock, valued at approximately $283,135,018.20. The trade was a 1.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,562 shares of company stock valued at $6,353,177 over the last three months. 4.50% of the stock is owned by corporate insiders.

HubSpot Company Profile

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.