Achmea Investment Management B.V. Sells 844 Shares of HubSpot, Inc. $HUBS

Achmea Investment Management B.V. cut its position in shares of HubSpot, Inc. (NYSE:HUBS) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,701 shares of the software maker’s stock after selling 844 shares during the period. Achmea Investment Management B.V. owned about 0.12% of HubSpot worth $34,901,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC increased its position in shares of HubSpot by 1.1% during the first quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker’s stock valued at $861,000 after purchasing an additional 16 shares during the period. Ballentine Partners LLC grew its position in HubSpot by 3.5% in the first quarter. Ballentine Partners LLC now owns 584 shares of the software maker’s stock valued at $334,000 after acquiring an additional 20 shares during the period. Apollon Wealth Management LLC grew its position in HubSpot by 5.2% in the first quarter. Apollon Wealth Management LLC now owns 405 shares of the software maker’s stock valued at $231,000 after acquiring an additional 20 shares during the period. QRG Capital Management Inc. grew its position in HubSpot by 5.9% in the second quarter. QRG Capital Management Inc. now owns 434 shares of the software maker’s stock valued at $242,000 after acquiring an additional 24 shares during the period. Finally, First Horizon Advisors Inc. grew its position in HubSpot by 4.7% in the second quarter. First Horizon Advisors Inc. now owns 597 shares of the software maker’s stock valued at $332,000 after acquiring an additional 27 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other HubSpot news, CFO Kathryn Bueker sold 615 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $500.00, for a total value of $307,500.00. Following the completion of the sale, the chief financial officer directly owned 38,794 shares in the company, valued at $19,397,000. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Dharmesh Shah sold 17,253 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $500.66, for a total value of $8,637,886.98. Following the completion of the sale, the chief technology officer owned 1,275,805 shares of the company’s stock, valued at $638,744,531.30. This trade represents a 1.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 51,098 shares of company stock worth $24,757,257. Corporate insiders own 4.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HUBS shares. UBS Group reiterated an “outperform” rating on shares of HubSpot in a research report on Wednesday, September 3rd. Wall Street Zen cut HubSpot from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Needham & Company LLC reissued a “buy” rating and issued a $900.00 price objective on shares of HubSpot in a research note on Thursday, September 4th. Macquarie reduced their price objective on HubSpot from $730.00 to $660.00 and set an “outperform” rating on the stock in a research note on Thursday, August 7th. Finally, KeyCorp reduced their price objective on HubSpot from $860.00 to $775.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $718.04.

HubSpot Trading Down 1.5%

NYSE:HUBS opened at $464.76 on Thursday. HubSpot, Inc. has a 1-year low of $418.34 and a 1-year high of $881.13. The business’s 50-day moving average price is $478.42 and its two-hundred day moving average price is $529.75. The firm has a market capitalization of $24.49 billion, a price-to-earnings ratio of -2,020.70, a PEG ratio of 16.31 and a beta of 1.60.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.07. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The firm had revenue of $760.87 million for the quarter, compared to analyst estimates of $739.94 million. During the same quarter in the prior year, the firm posted $1.94 earnings per share. The company’s quarterly revenue was up 19.4% on a year-over-year basis. Sell-side analysts predict 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.