Swedbank AB Increases Position in HubSpot, Inc. (NYSE:HUBS)

Swedbank AB raised its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,206 shares of the software maker's stock after purchasing an additional 845 shares during the period. Swedbank AB owned 0.05% of HubSpot worth $18,956,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in HubSpot by 52.2% in 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 purchasing an additional 480,796 shares during the last quarter. Geode Capital Management LLC grew its holdings in HubSpot by 2.5% during the third quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker's stock worth $435,184,000 after acquiring an additional 19,974 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 purchasing an additional 86,688 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of HubSpot by 8.2% during 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 worth $280,186,000 after acquiring an additional 40,138 shares in the last quarter. Finally, Holocene Advisors LP boosted its position in HubSpot by 17.5% during the third quarter. Holocene Advisors LP now owns 319,767 shares of the software maker's stock worth $169,988,000 after purchasing an additional 47,736 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insiders Place Their Bets

In other news, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the sale, the chief technology officer now owns 1,323,145 shares in the company, valued at approximately $889,973,789.90. This represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dawson Alyssa Harvey sold 573 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the transaction, the insider now owns 7,603 shares in the company, valued at $5,322,100. This trade represents a 7.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,066 shares of company stock valued at $54,900,427. 4.50% of the stock is owned by corporate insiders.

HubSpot Stock Down 1.8 %

HubSpot stock traded down $14.14 during mid-day trading on Monday, reaching $765.39. 445,893 shares of the company's stock were exchanged, compared to its average volume of 442,642. The company has a fifty day moving average of $724.40 and a 200-day moving average of $602.09. The company has a market cap of $39.51 billion, a P/E ratio of -2,834.66, a P/E/G ratio of 44.02 and a beta of 1.72. HubSpot, Inc. has a twelve month low of $434.84 and a twelve 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 EPS for the quarter, topping the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million during the quarter, compared to analysts' expectations of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. HubSpot's revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) EPS. Equities research analysts expect that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HUBS shares. The Goldman Sachs Group lifted their price objective on HubSpot from $626.00 to $690.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Canaccord Genuity Group increased their target price on shares of HubSpot from $600.00 to $710.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. TD Cowen downgraded shares of HubSpot from a "buy" rating to a "hold" rating and increased their price objective for the company from $680.00 to $725.00 in a report on Friday, January 17th. Oppenheimer boosted their target price on HubSpot from $625.00 to $740.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, BMO Capital Markets increased their price target on HubSpot from $570.00 to $690.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $731.83.

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.