Skandinaviska Enskilda Banken AB publ Has $11.70 Million Position in HubSpot, Inc. (NYSE:HUBS)

Skandinaviska Enskilda Banken AB publ lifted its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,722 shares of the software maker's stock after purchasing an additional 1,087 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in HubSpot were worth $11,697,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in HUBS. Sumitomo Mitsui Trust Group Inc. increased its stake in HubSpot by 13.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 131,129 shares of the software maker's stock valued at $69,708,000 after purchasing an additional 15,701 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of HubSpot in the 3rd quarter valued at $211,000. Victory Capital Management Inc. increased its position in shares of HubSpot by 1.7% in the 3rd quarter. Victory Capital Management Inc. now owns 24,620 shares of the software maker's stock valued at $13,088,000 after buying an additional 416 shares in the last quarter. KBC Group NV raised its stake in HubSpot by 5.9% during the 3rd quarter. KBC Group NV now owns 12,695 shares of the software maker's stock worth $6,748,000 after buying an additional 711 shares during the period. Finally, Curi RMB Capital LLC lifted its holdings in HubSpot by 15.1% during the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker's stock worth $3,797,000 after acquiring an additional 937 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HUBS shares. Jefferies Financial Group increased their price target on HubSpot from $860.00 to $900.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Citigroup increased their target price on HubSpot from $750.00 to $900.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Truist Financial reaffirmed a "buy" rating and issued a $900.00 price target (up previously from $750.00) on shares of HubSpot in a research note on Thursday, February 13th. Stifel Nicolaus increased their price objective on shares of HubSpot from $880.00 to $925.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Piper Sandler boosted their price objective on shares of HubSpot from $640.00 to $808.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, HubSpot currently has a consensus rating of "Moderate Buy" and an average target price of $863.96.

HubSpot Stock Down 2.7 %

Shares of NYSE:HUBS traded down $16.35 during midday trading on Tuesday, hitting $596.71. The stock had a trading volume of 601,544 shares, compared to its average volume of 601,954. The business's 50-day simple moving average is $721.64 and its 200-day simple moving average is $654.04. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The company has a market cap of $31.12 billion, a P/E ratio of 6,630.81, a PEG ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the sale, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. This represents a 1.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of HubSpot stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the transaction, the chief executive officer now directly owns 54,079 shares of the company's stock, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,497 shares of company stock valued at $11,097,251 over the last three months. Insiders own 4.50% of the company's stock.

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.