Aviva PLC Sells 27,839 Shares of HubSpot, Inc. (NYSE:HUBS)

Aviva PLC cut its holdings in HubSpot, Inc. (NYSE:HUBS) by 43.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,761 shares of the software maker’s stock after selling 27,839 shares during the quarter. Aviva PLC’s holdings in HubSpot were worth $24,917,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Captrust Financial Advisors boosted its position in shares of HubSpot by 132.6% in the 3rd quarter. Captrust Financial Advisors now owns 1,363 shares of the software maker’s stock worth $725,000 after purchasing an additional 777 shares during the last quarter. Hilltop Holdings Inc. acquired a new position in HubSpot in the third quarter valued at about $210,000. HighTower Advisors LLC boosted its holdings in HubSpot by 1.4% during the third quarter. HighTower Advisors LLC now owns 4,535 shares of the software maker’s stock worth $2,420,000 after buying an additional 61 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of HubSpot by 6.4% during the 3rd quarter. Janus Henderson Group PLC now owns 24,463 shares of the software maker’s stock worth $13,005,000 after buying an additional 1,479 shares during the period. Finally, Royal London Asset Management Ltd. increased its stake in shares of HubSpot by 3.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 19,917 shares of the software maker’s stock valued at $10,588,000 after acquiring an additional 634 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on HUBS shares. Citigroup lifted their price objective on shares of HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 19th. Jefferies Financial Group raised their price objective on HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Macquarie assumed coverage on HubSpot in a research note on Monday, March 24th. They issued an “outperform” rating and a $730.00 target price for the company. Finally, Morgan Stanley raised their price target on HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $848.58.

HubSpot Trading Down 5.1 %

NYSE:HUBS opened at $500.79 on Monday. The stock has a market capitalization of $26.12 billion, a PE ratio of 5,564.93, a P/E/G ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The firm has a fifty day simple moving average of $688.31 and a 200 day simple moving average of $662.23.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, equities analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the transaction, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Yamini Rangan sold 2,382 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 72,373 shares of the company’s stock, valued at approximately $41,536,312.16. This represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,382 shares of company stock valued at $13,415,657 over the last 90 days. 4.50% of the stock is currently owned by insiders.

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.