Royal London Asset Management Ltd. Has $14.58 Million Stock Position in HubSpot, Inc. (NYSE:HUBS)

Royal London Asset Management Ltd. raised its holdings in HubSpot, Inc. (NYSE:HUBS) by 5.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,926 shares of the software maker’s stock after buying an additional 1,009 shares during the quarter. Royal London Asset Management Ltd.’s holdings in HubSpot were worth $14,581,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advantage Alpha Capital Partners LP grew its holdings in HubSpot by 113.4% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker’s stock valued at $9,923,000 after buying an additional 9,919 shares during the last quarter. Melqart Asset Management UK Ltd grew its holdings in shares of HubSpot by 15.2% during the 3rd quarter. Melqart Asset Management UK Ltd now owns 33,878 shares of the software maker’s stock worth $18,010,000 after purchasing an additional 4,468 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of HubSpot during the 3rd quarter worth approximately $3,721,000. Bamco Inc. NY grew its holdings in shares of HubSpot by 19.6% during the 3rd quarter. Bamco Inc. NY now owns 37,926 shares of the software maker’s stock worth $20,161,000 after purchasing an additional 6,215 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of HubSpot by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 194,538 shares of the software maker’s stock worth $103,416,000 after purchasing an additional 4,331 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Performance

NYSE HUBS opened at $604.89 on Friday. The stock has a fifty day moving average of $715.33 and a 200-day moving average of $655.14. The stock has a market capitalization of $31.55 billion, a P/E ratio of 6,721.75, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Equities research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Lorrie M. Norrington sold 572 shares of HubSpot stock in a transaction on Friday, December 27th. The stock was sold at an average price of $721.60, for a total transaction of $412,755.20. Following the completion of the sale, the director now directly owns 1,125 shares of the company’s stock, valued at $811,800. The trade was a 33.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the sale, the insider now directly owns 527,233 shares of the company’s stock, valued at approximately $320,283,502.84. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,425 shares of company stock valued at $15,866,151. Company insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. StockNews.com lowered HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Stifel Nicolaus lifted their price objective on HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Canaccord Genuity Group raised their target price on HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada raised their target price on HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $853.32.

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.