HubSpot, Inc. (NYSE:HUBS) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its position in HubSpot, Inc. (NYSE:HUBS) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,365 shares of the software maker’s stock after buying an additional 83 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in HubSpot were worth $792,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd lifted its holdings in shares of HubSpot by 104.1% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 739 shares of the software maker’s stock valued at $429,000 after buying an additional 377 shares during the period. GAMMA Investing LLC purchased a new stake in shares of HubSpot during the fourth quarter valued at $64,000. Larson Financial Group LLC lifted its holdings in shares of HubSpot by 1,380.0% during the fourth quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock valued at $43,000 after purchasing an additional 69 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of HubSpot by 12.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 22,323 shares of the software maker’s stock valued at $12,959,000 after purchasing an additional 2,425 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of HubSpot by 22.8% during the fourth quarter. Jennison Associates LLC now owns 972,957 shares of the software maker’s stock valued at $564,840,000 after purchasing an additional 180,822 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Performance

Shares of NYSE HUBS opened at $631.34 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a market cap of $31.99 billion, a price-to-earnings ratio of -177.84 and a beta of 1.58. The business’s 50-day simple moving average is $627.73 and its 200-day simple moving average is $558.66. HubSpot, Inc. has a 52 week low of $407.23 and a 52 week high of $693.85.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.22. The business had revenue of $581.91 million for the quarter, compared to analyst estimates of $557.48 million. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. As a group, equities research analysts expect that HubSpot, Inc. will post -0.98 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In related news, insider Dawson Alyssa Harvey sold 969 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $610.00, for a total transaction of $591,090.00. Following the completion of the sale, the insider now owns 7,225 shares in the company, valued at approximately $4,407,250. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other HubSpot news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $634.21, for a total value of $73,568.36. Following the completion of the sale, the chief executive officer now owns 88,861 shares in the company, valued at approximately $56,356,534.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dawson Alyssa Harvey sold 969 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $610.00, for a total value of $591,090.00. Following the completion of the sale, the insider now owns 7,225 shares of the company’s stock, valued at approximately $4,407,250. The disclosure for this sale can be found here. Insiders sold a total of 22,362 shares of company stock worth $14,012,491 in the last 90 days. 4.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HUBS shares. Wells Fargo & Company upped their target price on HubSpot from $700.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Wolfe Research upped their target price on HubSpot from $660.00 to $715.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. upped their target price on HubSpot from $530.00 to $630.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Piper Sandler reissued an “overweight” rating and set a $675.00 price target on shares of HubSpot in a research report on Friday, April 5th. Finally, Needham & Company LLC upped their price target on HubSpot from $630.00 to $730.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $642.36.

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.