Robeco Institutional Asset Management B.V. Lowers Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Posted by on May 5th, 2023

Robeco Institutional Asset Management B.V. lessened its holdings in shares of HubSpot, Inc. (NYSE:HUBS – Get Rating) by 22.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,899 shares of the software maker’s stock after selling 3,176 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in HubSpot were worth $3,151,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in HUBS. Trustcore Financial Services LLC boosted its position in shares of HubSpot by 66.1% in the 3rd quarter. Trustcore Financial Services LLC now owns 98 shares of the software maker’s stock valued at $26,000 after purchasing an additional 39 shares during the period. Lindbrook Capital LLC increased its stake in shares of HubSpot by 253.6% during the 4th quarter. Lindbrook Capital LLC now owns 99 shares of the software maker’s stock worth $29,000 after purchasing an additional 71 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new stake in shares of HubSpot in the fourth quarter valued at $29,000. UMB Bank n.a. acquired a new stake in shares of HubSpot during the 4th quarter worth about $33,000. Finally, Sonnipe Ltd purchased a new stake in HubSpot in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $392.85, for a total transaction of $3,339,225.00. Following the completion of the transaction, the insider now owns 622,766 shares in the company, valued at $244,653,623.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $392.85, for a total transaction of $3,339,225.00. Following the sale, the insider now directly owns 622,766 shares in the company, valued at $244,653,623.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 710 shares of the company’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $424.80, for a total value of $301,608.00. Following the transaction, the chief financial officer now directly owns 41,124 shares of the company’s stock, valued at $17,469,475.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,710 shares of company stock valued at $7,233,358. 5.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HUBS. Credit Suisse Group upped their price objective on shares of HubSpot from $400.00 to $480.00 and gave the company an “outperform” rating in a research note on Friday, February 17th. KeyCorp raised their price target on shares of HubSpot from $450.00 to $485.00 and gave the company an “overweight” rating in a report on Thursday, April 20th. Oppenheimer lifted their price objective on HubSpot from $375.00 to $450.00 and gave the stock an “outperform” rating in a report on Tuesday, February 21st. Piper Sandler reissued an “overweight” rating and issued a $450.00 target price on shares of HubSpot in a research report on Monday, March 6th. Finally, Morgan Stanley upped their price target on HubSpot from $447.00 to $466.00 and gave the company an “overweight” rating in a research report on Tuesday, March 21st. Three analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $428.04.

HubSpot Stock Up 7.4 %

Shares of HUBS opened at $448.85 on Friday. HubSpot, Inc. has a 12 month low of $245.03 and a 12 month high of $468.88. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $406.29 and a two-hundred day moving average price of $342.28. The stock has a market cap of $22.26 billion, a price-to-earnings ratio of -191.00 and a beta of 1.61.

HubSpot (NYSE:HUBS – Get Rating) last posted its quarterly earnings data on Thursday, February 16th. The software maker reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.42) by $0.22. The company had revenue of $469.66 million during the quarter, compared to analyst estimates of $444.95 million. HubSpot had a negative net margin of 6.51% and a negative return on equity of 11.16%. Equities analysts predict that HubSpot, Inc. will post -1.72 EPS for the current fiscal year.

HubSpot Company Profile

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HubSpot, Inc engages in cloud-based customer relationship management. Its platform includes marketing, sales, service, operations and content management system, as well as other tools, integrations and a native payment solutions. It operates through the following geographical segments: Americas, Europe and Asia Pacific.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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