Prudential PLC Acquires 7,933 Shares of HubSpot, Inc. (NYSE:HUBS)

Prudential PLC grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 95.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,218 shares of the software maker’s stock after acquiring an additional 7,933 shares during the period. Prudential PLC’s holdings in HubSpot were worth $11,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in HubSpot by 5.4% during the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock valued at $178,000 after purchasing an additional 13 shares during the period. First Horizon Advisors Inc. increased its holdings in HubSpot by 2.4% in the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock worth $445,000 after acquiring an additional 15 shares in the last quarter. Amalgamated Bank raised its stake in HubSpot by 0.5% during the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock worth $2,271,000 after acquiring an additional 16 shares during the period. Avitas Wealth Management LLC lifted its holdings in HubSpot by 0.8% during the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock valued at $1,420,000 after purchasing an additional 17 shares in the last quarter. Finally, Principal Securities Inc. boosted its position in shares of HubSpot by 17.2% in the fourth quarter. Principal Securities Inc. now owns 116 shares of the software maker’s stock worth $81,000 after purchasing an additional 17 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the sale, the chief executive officer now directly owns 72,373 shares in the company, valued at $41,536,312.16. This trade represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,382 shares of company stock worth $13,415,657. 4.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HUBS has been the topic of several recent analyst reports. Raymond James raised their price objective on shares of HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Redburn Atlantic initiated coverage on HubSpot in a report on Wednesday, February 19th. They set a “buy” rating on the stock. StockNews.com lowered HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Barclays raised HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 target price on the stock in a research note on Wednesday, March 12th. Finally, Needham & Company LLC lifted their target price on HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and an average price target of $848.58.

HubSpot Price Performance

Shares of HubSpot stock opened at $500.79 on Friday. The stock has a market cap of $26.12 billion, a price-to-earnings ratio of 5,564.93, a PEG ratio of 41.44 and a beta of 1.82. The firm’s 50-day moving average is $688.31 and its two-hundred day moving average is $659.95. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (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 expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

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.