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

Royal Bank of Canada decreased its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 18.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,296 shares of the software maker's stock after selling 31,051 shares during the quarter. Royal Bank of Canada owned 0.26% of HubSpot worth $94,967,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of HubSpot in the 4th quarter valued at about $1,361,000. Oak Harvest Investment Services acquired a new stake in shares of HubSpot in the 4th quarter valued at about $2,065,000. Donoghue Forlines LLC acquired a new stake in shares of HubSpot in the 4th quarter valued at about $2,049,000. Mayflower Financial Advisors LLC acquired a new stake in shares of HubSpot in the 4th quarter valued at about $862,000. Finally, Legato Capital Management LLC acquired a new stake in shares of HubSpot in the 4th quarter valued at about $1,951,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HUBS shares. Canaccord Genuity Group raised their price objective on HubSpot from $710.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Stephens started coverage on HubSpot in a report on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 price objective for the company. BMO Capital Markets decreased their price objective on HubSpot from $885.00 to $745.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Macquarie started coverage on HubSpot in a report on Monday, March 24th. They issued an "outperform" rating and a $730.00 price objective for the company. Finally, KeyCorp upgraded HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price objective for the company in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $767.33.

HubSpot Trading Down 2.0%

NYSE HUBS opened at $647.44 on Tuesday. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The company has a 50 day moving average of $588.90 and a 200-day moving average of $672.51. The company has a market cap of $34.08 billion, a price-to-earnings ratio of 7,194.58, a PEG ratio of 41.44 and a beta of 1.78.

Insider Activity

In other news, 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 directly owns 525,687 shares in the company, valued at approximately $283,135,018.20. This represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $1,367,077.44. Following the transaction, the chief executive officer now owns 72,373 shares of the company's stock, valued at $41,536,312.16. This trade represents a 3.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,062 shares of company stock worth $11,516,757. Corporate insiders own 4.50% of the company's stock.

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.

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