Sumitomo Mitsui Trust Holdings Inc. Has $79.30 Million Position in HubSpot, Inc. (NYSE:HUBS)

Sumitomo Mitsui Trust Holdings Inc. grew its stake in HubSpot, Inc. (NYSE:HUBS) by 0.6% in the first quarter, HoldingsChannel.com reports. The fund owned 126,557 shares of the software maker’s stock after acquiring an additional 714 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in HubSpot were worth $79,296,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in HubSpot by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock valued at $2,781,013,000 after purchasing an additional 119,999 shares in the last quarter. Hsbc Holdings PLC raised its stake in HubSpot by 10.1% during the 4th quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock worth $13,022,000 after buying an additional 2,057 shares during the period. Stifel Financial Corp lifted its holdings in HubSpot by 15.1% during the fourth quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock worth $19,302,000 after acquiring an additional 4,371 shares in the last quarter. Strs Ohio grew its stake in HubSpot by 1,203.0% in the fourth quarter. Strs Ohio now owns 20,001 shares of the software maker’s stock valued at $11,611,000 after acquiring an additional 18,466 shares during the period. Finally, Los Angeles Capital Management LLC increased its holdings in shares of HubSpot by 19.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 22,546 shares of the software maker’s stock worth $13,089,000 after acquiring an additional 3,671 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,877 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total value of $1,705,485.60. Following the transaction, the chief executive officer now directly owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other HubSpot news, CEO Yamini Rangan sold 2,877 shares of HubSpot stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $1,705,485.60. Following the completion of the sale, the chief executive officer now owns 68,037 shares in the company, valued at approximately $40,332,333.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the sale, the insider now directly owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,491 shares of company stock worth $13,421,594. Company insiders own 4.50% of the company’s stock.

HubSpot Trading Up 1.4 %

HUBS stock opened at $592.31 on Friday. The stock has a market cap of $30.19 billion, a price-to-earnings ratio of -223.51 and a beta of 1.60. The company has a fifty day moving average price of $598.02 and a two-hundred day moving average price of $603.99. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.07 and a quick ratio of 2.07.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.27. The business had revenue of $617.41 million for the quarter, compared to analyst estimates of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. Equities analysts anticipate that HubSpot, Inc. will post -0.55 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Scotiabank lifted their price objective on HubSpot from $650.00 to $700.00 and gave the company a “sector outperform” rating in a report on Friday, April 5th. Citigroup cut their price target on shares of HubSpot from $798.00 to $767.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Piper Sandler lowered their price objective on shares of HubSpot from $675.00 to $655.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. BMO Capital Markets cut their price objective on shares of HubSpot from $710.00 to $635.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. Finally, Barclays lowered their target price on HubSpot from $600.00 to $575.00 and set an “equal weight” rating for the company in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $641.00.

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.