Tredje AP fonden Sells 3,867 Shares of HubSpot, Inc. (NYSE:HUBS)

Tredje AP fonden trimmed its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 50.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,868 shares of the software maker's stock after selling 3,867 shares during the period. Tredje AP fonden's holdings in HubSpot were worth $2,695,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Wellington Management Group LLP lifted its stake in shares of HubSpot by 52.2% in the 3rd 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 period. Geode Capital Management LLC increased its holdings in HubSpot by 2.5% in the third quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker's stock valued at $435,184,000 after purchasing an additional 19,974 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in HubSpot by 3.8% in the fourth quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker's stock valued at $469,987,000 after buying an additional 24,799 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in HubSpot by 17.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker's stock worth $303,689,000 after buying an additional 86,688 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in HubSpot by 8.2% during the third 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 buying an additional 40,138 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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HubSpot Price Performance

HUBS stock traded up $4.20 during midday trading on Monday, hitting $613.38. The company's stock had a trading volume of 430,476 shares, compared to its average volume of 598,860. The company's fifty day moving average price is $723.71 and its 200 day moving average price is $653.35. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The stock has a market capitalization of $31.99 billion, a P/E ratio of 6,816.05, a PEG ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (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%. Equities analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 3,057 shares of the firm's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the sale, the chief executive officer now directly owns 54,079 shares in the company, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lorrie M. Norrington sold 572 shares of the business's stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $690.00, for a total value of $394,680.00. Following the transaction, the director now directly owns 1,697 shares in the company, valued at approximately $1,170,930. This trade represents a 25.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,997 shares of company stock worth $35,796,526 in the last 90 days. Corporate insiders own 4.50% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on HUBS shares. Bank of America increased their price target on shares of HubSpot from $780.00 to $850.00 and gave the company a "buy" rating in a research report on Monday, December 16th. TD Cowen lowered shares of HubSpot from a "buy" rating to a "hold" rating and increased their target price for the stock from $680.00 to $725.00 in a report on Friday, January 17th. Redburn Atlantic began coverage on shares of HubSpot in a report on Wednesday, February 19th. They issued a "buy" rating for the company. The Goldman Sachs Group upped their price objective on shares of HubSpot from $783.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, BMO Capital Markets lifted their target price on HubSpot from $690.00 to $885.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $863.96.

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.