Skandinaviska Enskilda Banken AB publ Grows Holdings in HubSpot, Inc. (NYSE:HUBS)

Skandinaviska Enskilda Banken AB publ raised its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 16,722 shares of the software maker's stock after acquiring an additional 1,087 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in HubSpot were worth $11,697,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Erste Asset Management GmbH increased its position in shares of HubSpot by 0.6% during the fourth quarter. Erste Asset Management GmbH now owns 3,299 shares of the software maker's stock worth $2,336,000 after buying an additional 19 shares during the period. Telemark Asset Management LLC acquired a new stake in HubSpot in the fourth quarter worth $6,968,000. Vestcor Inc grew its holdings in HubSpot by 283.0% in the fourth quarter. Vestcor Inc now owns 3,382 shares of the software maker's stock worth $2,356,000 after purchasing an additional 2,499 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of HubSpot by 5.4% in the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock valued at $178,000 after buying an additional 13 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of HubSpot by 21.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 840 shares of the software maker's stock valued at $585,000 after buying an additional 150 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

HUBS has been the topic of a number of recent research reports. Stifel Nicolaus raised their price objective on shares of HubSpot from $880.00 to $925.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Royal Bank of Canada raised their price objective on shares of HubSpot from $825.00 to $950.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Canaccord Genuity Group raised their price objective on shares of HubSpot from $710.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Raymond James raised their price target on shares of HubSpot from $750.00 to $980.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, 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 research report on Thursday, February 13th. Four 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 stock. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of "Moderate Buy" and a consensus target price of $863.96.

HubSpot Stock Performance

HubSpot stock traded up $10.99 during mid-day trading on Monday, hitting $620.17. 183,661 shares of the company traded hands, compared to its average volume of 565,592. The stock has a market cap of $32.34 billion, a price-to-earnings ratio of 6,881.94, a price-to-earnings-growth 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. The stock has a fifty day moving average price of $725.59 and a 200-day moving average price of $652.55.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates 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 predict that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the transaction, the insider now directly owns 524,751 shares of the company's stock, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of the business's stock in a transaction on Friday, January 3rd. The shares were 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 in the company, valued at approximately $37,941,285.61. The trade was a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,997 shares of company stock worth $35,796,526 in the last three months. 4.50% of the stock is owned by insiders.

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.