APG Asset Management N.V. Has $22.93 Million Holdings in HubSpot, Inc. (NYSE:HUBS)

APG Asset Management N.V. raised its stake in HubSpot, Inc. (NYSE:HUBS) by 11.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 41,662 shares of the software maker’s stock after buying an additional 4,324 shares during the period. APG Asset Management N.V.’s holdings in HubSpot were worth $22,927,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. boosted its position in shares of HubSpot by 60.0% during the fourth quarter. Gilbert & Cook Inc. now owns 1,965 shares of the software maker’s stock worth $1,141,000 after purchasing an additional 737 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in HubSpot by 93.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 4,630 shares of the software maker’s stock valued at $2,688,000 after acquiring an additional 2,240 shares during the period. US Bancorp DE increased its holdings in shares of HubSpot by 49.0% in the fourth quarter. US Bancorp DE now owns 1,933 shares of the software maker’s stock worth $1,122,000 after acquiring an additional 636 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of HubSpot by 10.1% during the fourth quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock worth $13,022,000 after purchasing an additional 2,057 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of HubSpot by 15.1% during the 4th quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock valued at $19,302,000 after purchasing an additional 4,371 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 116 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the transaction, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other HubSpot news, CFO Kathryn Bueker sold 1,135 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $672,828.00. Following the transaction, the chief financial officer now owns 44,715 shares in the company, valued at approximately $26,507,052. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares of the company’s stock, valued at $33,009,441.57. The disclosure for this sale can be found here. Insiders sold a total of 38,012 shares of company stock worth $21,300,253 over the last quarter. Company insiders own 4.50% of the company’s stock.

HubSpot Price Performance

Shares of HubSpot stock opened at $536.00 on Friday. The business has a fifty day simple moving average of $494.98 and a two-hundred day simple moving average of $563.40. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85. The company has a market capitalization of $27.32 billion, a price-to-earnings ratio of -202.26, a P/E/G ratio of 7,010.23 and a beta of 1.63.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, topping the consensus estimate of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The business had revenue of $637.20 million during the quarter, compared to the consensus estimate of $619.28 million. During the same quarter in the previous year, the firm posted ($1.17) EPS. HubSpot’s revenue was up 20.4% compared to the same quarter last year.

Analyst Upgrades and Downgrades

HUBS has been the topic of several research analyst reports. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price on the stock in a report on Thursday, August 8th. Citigroup cut their price objective on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Bank of America lowered their target price on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Canaccord Genuity Group cut their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Stifel Nicolaus decreased their price objective on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and an average target price of $610.79.

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.