Forsta AP Fonden Has $5.69 Million Stock Position in HubSpot, Inc. (NYSE:HUBS)

Forsta AP Fonden increased its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 11.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,700 shares of the software maker's stock after buying an additional 1,100 shares during the period. Forsta AP Fonden's holdings in HubSpot were worth $5,688,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. boosted its position in shares of HubSpot by 1,125.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker's stock worth $31,000 after buying an additional 45 shares in the last quarter. International Assets Investment Management LLC purchased a new position in HubSpot in the 2nd quarter valued at about $35,000. Crewe Advisors LLC lifted its holdings in HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker's stock valued at $44,000 after purchasing an additional 63 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in HubSpot in the 1st quarter valued at about $50,000. Finally, J.Safra Asset Management Corp lifted its holdings in HubSpot by 690.9% in the 2nd quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker's stock valued at $51,000 after purchasing an additional 76 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HUBS has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price objective on shares of HubSpot from $600.00 to $625.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Raymond James dropped their target price on shares of HubSpot from $725.00 to $675.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. Barclays dropped their target price on shares of HubSpot from $575.00 to $500.00 and set an "equal weight" rating for the company in a research report on Friday, August 9th. Citigroup dropped their target price on shares of HubSpot from $699.00 to $629.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $570.00 target price on shares of HubSpot in a research report on Thursday, September 19th. Four research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $614.33.

Insider Activity

In other news, insider Dawson Alyssa Harvey sold 384 shares of the firm's stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total transaction of $179,416.32. Following the transaction, the insider now directly owns 9,735 shares of the company's stock, valued at approximately $4,548,484.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Dawson Alyssa Harvey sold 384 shares of the firm's stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total transaction of $179,416.32. Following the transaction, the insider now directly owns 9,735 shares of the company's stock, valued at approximately $4,548,484.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 1,374 shares of the firm's stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $755,700.00. Following the transaction, the chief executive officer now directly owns 61,294 shares in the company, valued at $33,711,700. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,321 shares of company stock valued at $3,374,089. Company insiders own 4.50% of the company's stock.

HubSpot Stock Up 1.0 %

NYSE HUBS traded up $5.50 during trading hours on Tuesday, hitting $563.58. The company had a trading volume of 251,003 shares, compared to its average volume of 590,697. HubSpot, Inc. has a fifty-two week low of $408.62 and a fifty-two week high of $693.85. The business has a fifty day simple moving average of $519.22 and a 200-day simple moving average of $548.87. The firm has a market cap of $28.72 billion, a P/E ratio of -213.91, a price-to-earnings-growth ratio of 7,068.33 and a beta of 1.64.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The firm had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. During the same period last year, the company earned ($1.17) earnings per share. The firm's revenue for the quarter was up 20.4% on a year-over-year basis.

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.