Andra AP fonden Sells 30,300 Shares of HubSpot, Inc. (NYSE:HUBS)

Andra AP fonden reduced its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 98.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 400 shares of the software maker's stock after selling 30,300 shares during the quarter. Andra AP fonden's holdings in HubSpot were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HUBS. Wellington Management Group LLP boosted its holdings in HubSpot by 52.2% in the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker's stock worth $745,410,000 after acquiring an additional 480,796 shares in the last quarter. Raymond James Financial Inc. bought a new position in HubSpot in the 4th quarter worth about $157,019,000. Proficio Capital Partners LLC purchased a new stake in HubSpot during the 4th quarter valued at about $79,135,000. Massachusetts Financial Services Co. MA raised its holdings in HubSpot by 17.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker's stock worth $303,689,000 after buying an additional 86,688 shares during the last quarter. Finally, TimesSquare Capital Management LLC lifted its stake in shares of HubSpot by 49.5% in the third quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker's stock worth $110,489,000 after buying an additional 68,827 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on HUBS. BMO Capital Markets upped their price objective on HubSpot from $690.00 to $885.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Bank of America increased their price objective on HubSpot from $780.00 to $850.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Mizuho boosted their target price on HubSpot from $725.00 to $775.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Morgan Stanley raised their price target on shares of HubSpot from $835.00 to $898.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Finally, KeyCorp upgraded shares of HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price target for the company in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $863.96.

Remove Ads

Insider Buying and Selling at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total value of $6,202,025.00. Following the completion of the transaction, the insider now directly owns 513,698 shares of the company's stock, valued at approximately $374,819,745.70. This trade represents a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the company's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the sale, the chief technology officer now directly owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,997 shares of company stock valued at $35,796,526 in the last 90 days. Insiders own 4.50% of the company's stock.

HubSpot Trading Down 2.0 %

HubSpot stock traded down $12.42 during mid-day trading on Thursday, hitting $598.64. The stock had a trading volume of 895,765 shares, compared to its average volume of 571,553. The firm's 50 day moving average is $729.43 and its 200 day moving average is $649.98. The firm has a market capitalization of $31.22 billion, a P/E ratio of 6,652.27, a P/E/G ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) 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 negative return on equity of 0.07% and a net margin of 0.17%. As a group, equities research analysts forecast 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.