Sumitomo Mitsui DS Asset Management Company Ltd Has $3.07 Million Position in HubSpot, Inc. (NYSE:HUBS)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in HubSpot, Inc. (NYSE:HUBS) by 10.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,411 shares of the software maker’s stock after acquiring an additional 411 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in HubSpot were worth $3,073,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Avitas Wealth Management LLC lifted its position in shares of HubSpot by 0.8% in the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock worth $1,420,000 after acquiring an additional 17 shares during the period. HM Payson & Co. lifted its position in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after buying an additional 19 shares in the last quarter. Pallas Capital Advisors LLC boosted its stake in HubSpot by 1.9% during the fourth quarter. Pallas Capital Advisors LLC now owns 1,146 shares of the software maker’s stock worth $798,000 after buying an additional 21 shares in the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of HubSpot by 4.6% in the 4th quarter. Ballentine Partners LLC now owns 564 shares of the software maker’s stock valued at $393,000 after buying an additional 25 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on HUBS. Piper Sandler lowered shares of HubSpot from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $570.00 to $640.00 in a research report on Thursday, November 7th. Bank of America lifted their price objective on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. Needham & Company LLC reissued a “buy” rating and issued a $730.00 target price on shares of HubSpot in a report on Thursday, November 7th. Canaccord Genuity Group boosted their price target on HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, TD Cowen lowered HubSpot from a “buy” rating to a “hold” rating and increased their price objective for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $732.88.

HubSpot Stock Down 0.8 %

Shares of HUBS stock opened at $772.05 on Monday. The firm has a market cap of $39.85 billion, a price-to-earnings ratio of -2,859.34, a PEG ratio of 43.94 and a beta of 1.72. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $811.79. The stock has a 50-day moving average price of $729.04 and a 200 day moving average price of $611.36.

Insider Activity

In other HubSpot news, insider Dawson Alyssa Harvey sold 573 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $401,100.00. Following the transaction, the insider now owns 7,603 shares in the company, valued at approximately $5,322,100. This trade represents a 7.01 % 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, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the transaction, the insider now owns 513,698 shares of the company’s stock, valued at $339,857,459.82. The trade was a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,066 shares of company stock valued at $54,900,427. 4.50% of the stock is currently owned by insiders.

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.