Skandinaviska Enskilda Banken AB publ raised its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,722 shares of the software maker's stock after purchasing an additional 1,087 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in HubSpot were worth $11,697,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in shares of HubSpot by 52.2% during the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker's stock worth $745,410,000 after purchasing an additional 480,796 shares during the period. Geode Capital Management LLC raised its position in HubSpot by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker's stock worth $435,184,000 after buying an additional 19,974 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in HubSpot by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker's stock valued at $469,987,000 after acquiring an additional 24,799 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in HubSpot by 17.9% during the 3rd 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 during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of HubSpot by 8.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker's stock valued at $280,186,000 after acquiring an additional 40,138 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.
Insider Activity at HubSpot
In other news, 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 owns 54,079 shares in the company, valued at $37,941,285.61. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lorrie M. Norrington sold 572 shares of the company's stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $721.60, for a total transaction of $412,755.20. Following the completion of the sale, the director now directly owns 1,125 shares of the company's stock, valued at $811,800. This represents a 33.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,497 shares of company stock valued at $11,097,251. Corporate insiders own 4.50% of the company's stock.
HubSpot Stock Performance
Shares of NYSE:HUBS traded down $21.66 during trading on Tuesday, reaching $591.40. The stock had a trading volume of 184,201 shares, compared to its average volume of 598,908. The business has a fifty day moving average price of $723.71 and a 200-day moving average price of $653.35. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The stock has a market cap of $30.84 billion, a PE ratio of 6,559.12, a PEG ratio of 41.44 and a beta of 1.80.
HubSpot (NYSE:HUBS - Get Free Report) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (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%. Sell-side analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.
Analysts Set New Price Targets
Several brokerages recently issued reports on HUBS. Stifel Nicolaus raised their target price on shares of HubSpot from $880.00 to $925.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Scotiabank lifted their price objective on HubSpot from $825.00 to $900.00 and gave the company a "sector outperform" rating in a research note on Thursday, February 13th. Canaccord Genuity Group upped their target price on HubSpot from $710.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Jefferies Financial Group raised their target price on HubSpot from $860.00 to $900.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Finally, TD Cowen downgraded HubSpot from a "buy" rating to a "hold" rating and boosted their price target for the company from $680.00 to $725.00 in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of "Moderate Buy" and a consensus target price of $863.96.
Read Our Latest Stock Report on HUBS
About HubSpot
(
Free Report)
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.
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