Royal Bank of Canada Has $94.97 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Royal Bank of Canada decreased its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 18.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 136,296 shares of the software maker's stock after selling 31,051 shares during the quarter. Royal Bank of Canada owned about 0.26% of HubSpot worth $94,967,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Wellington Management Group LLP increased its position in shares of HubSpot by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker's stock valued at $1,029,262,000 after buying an additional 74,990 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of HubSpot by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker's stock valued at $577,572,000 after acquiring an additional 9,922 shares during the last quarter. Groupama Asset Managment boosted its stake in shares of HubSpot by 3.8% during the fourth quarter. Groupama Asset Managment now owns 726,799 shares of the software maker's stock valued at $506,412,000 after acquiring an additional 26,799 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of HubSpot by 18.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker's stock valued at $471,068,000 after acquiring an additional 104,800 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of HubSpot by 3.8% during the fourth quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker's stock valued at $469,987,000 after acquiring an additional 24,799 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

HubSpot Stock Down 2.1%

HubSpot stock traded down $13.02 during midday trading on Friday, hitting $614.79. The company's stock had a trading volume of 432,204 shares, compared to its average volume of 622,986. The stock's 50-day moving average price is $590.58 and its 200-day moving average price is $673.33. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The company has a market capitalization of $32.42 billion, a PE ratio of 6,831.70, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 2,382 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was 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 directly owns 72,373 shares in the company, valued at approximately $41,536,312.16. This represents a 3.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the transaction, the insider now owns 527,233 shares of the company's stock, valued at $320,283,502.84. The trade was a 1.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,062 shares of company stock worth $11,516,757. Company insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wall Street Zen raised HubSpot from a "hold" rating to a "buy" rating in a research note on Thursday. BMO Capital Markets decreased their price target on HubSpot from $885.00 to $745.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. William Blair reissued an "outperform" rating on shares of HubSpot in a research note on Thursday, February 13th. The Goldman Sachs Group decreased their price target on HubSpot from $900.00 to $795.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, Royal Bank of Canada raised their price target on HubSpot from $825.00 to $950.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Four equities research 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $767.33.

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.