Robeco Institutional Asset Management B.V. Sells 10,100 Shares of HubSpot, Inc. (NYSE:HUBS)

Robeco Institutional Asset Management B.V. reduced its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 9.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,882 shares of the software maker's stock after selling 10,100 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.19% of HubSpot worth $55,348,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HUBS. Golden State Wealth Management LLC grew its position in HubSpot by 1,840.0% in the 1st quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker's stock valued at $55,000 after buying an additional 92 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of HubSpot in the 1st quarter worth approximately $235,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of HubSpot in the first quarter valued at approximately $823,000. Kentucky Retirement Systems acquired a new position in shares of HubSpot during the first quarter valued at approximately $1,933,000. Finally, Garde Capital Inc. acquired a new position in shares of HubSpot during the first quarter valued at approximately $57,000. Institutional investors own 90.39% of the company's stock.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the sale, the chief executive officer now owns 72,373 shares of the company's stock, valued at approximately $41,536,312.16. This trade represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian Halligan sold 8,500 shares of the business's stock in a transaction dated 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 now owns 523,984 shares in the company, valued at $287,158,951.52. This trade represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,062 shares of company stock valued at $11,011,432 over the last three months. 4.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on HUBS. Wells Fargo & Company cut their target price on HubSpot from $700.00 to $675.00 and set an "overweight" rating for the company in a research report on Monday, June 9th. Mizuho dropped their price objective on HubSpot from $900.00 to $700.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Raymond James Financial restated an "outperform" rating and issued a $825.00 price objective (down previously from $980.00) on shares of HubSpot in a report on Friday, May 9th. Truist Financial lowered their target price on HubSpot from $900.00 to $720.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Cantor Fitzgerald assumed coverage on shares of HubSpot in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $775.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, HubSpot has a consensus rating of "Moderate Buy" and a consensus target price of $766.71.

HubSpot Price Performance

HubSpot stock traded up $2.56 during mid-day trading on Friday, hitting $550.32. The company's stock had a trading volume of 1,011,930 shares, compared to its average volume of 626,400. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The company has a market cap of $29.02 billion, a PE ratio of -1,222.94, a price-to-earnings-growth ratio of 19.75 and a beta of 1.70. The firm's 50 day moving average is $599.08 and its 200 day moving average is $651.26.

HubSpot 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.