Forsta AP Fonden Sells 400 Shares of HubSpot, Inc. (NYSE:HUBS)

Forsta AP Fonden lowered its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,300 shares of the software maker's stock after selling 400 shares during the period. Forsta AP Fonden's holdings in HubSpot were worth $7,177,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of HUBS. Wellington Management Group LLP grew its stake in HubSpot by 52.2% during the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker's stock valued at $745,410,000 after acquiring an additional 480,796 shares in the last quarter. International Assets Investment Management LLC grew its stake in HubSpot by 214,342.4% during the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker's stock valued at $672,590,000 after acquiring an additional 126,462 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in HubSpot by 17.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker's stock valued at $303,689,000 after acquiring an additional 86,688 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in HubSpot by 49.5% during the third quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker's stock valued at $110,489,000 after acquiring an additional 68,827 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in HubSpot by 191.6% during the third quarter. Two Sigma Advisers LP now owns 72,900 shares of the software maker's stock valued at $38,754,000 after acquiring an additional 47,900 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

HubSpot Stock Down 1.8 %

Shares of NYSE:HUBS traded down $14.14 during midday trading on Monday, reaching $765.39. The company's stock had a trading volume of 445,893 shares, compared to its average volume of 442,642. The firm has a 50 day moving average of $724.40 and a 200-day moving average of $602.09. The firm has a market capitalization of $39.51 billion, a P/E ratio of -2,834.66, a PEG ratio of 44.02 and a beta of 1.72. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $811.79.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company's revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) EPS. On average, research analysts predict that HubSpot, Inc. will post 0.42 EPS for the current year.

Wall Street Analysts Forecast Growth

HUBS has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective on shares of HubSpot from $750.00 to $810.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Evercore ISI boosted their price target on shares of HubSpot from $610.00 to $700.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Morgan Stanley boosted their price target on shares of HubSpot from $747.00 to $835.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Mizuho boosted their price target on shares of HubSpot from $725.00 to $775.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Finally, TD Cowen cut shares of HubSpot from a "buy" rating to a "hold" rating and boosted their price target for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, HubSpot presently has an average rating of "Moderate Buy" and a consensus target price of $731.83.

Insider Transactions at HubSpot

In related news, Director Lorrie M. Norrington sold 572 shares of the firm's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $690.00, for a total value of $394,680.00. Following the completion of the transaction, the director now directly owns 1,697 shares of the company's stock, valued at approximately $1,170,930. This trade represents a 25.21 % 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, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares of the company's stock, valued at $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,066 shares of company stock worth $54,900,427 in the last quarter. Company insiders own 4.50% of the company's stock.

About HubSpot

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.