Tredje AP fonden Reduces Stake in HubSpot, Inc. (NYSE:HUBS)

Tredje AP fonden cut its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,868 shares of the software maker's stock after selling 3,867 shares during the quarter. Tredje AP fonden's holdings in HubSpot were worth $2,695,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in HubSpot in the 3rd quarter worth about $25,000. Larson Financial Group LLC boosted its holdings in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after purchasing an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after acquiring an additional 19 shares during the period. Bank of Jackson Hole Trust purchased a new stake in HubSpot during the 4th quarter valued at about $35,000. Finally, Friedenthal Financial purchased a new stake in HubSpot during the 4th quarter valued at about $50,000. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group upgraded HubSpot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 19th. Scotiabank increased their price objective on HubSpot from $825.00 to $900.00 and gave the stock a "sector outperform" rating in a report on Thursday, February 13th. Bank of America increased their price objective on HubSpot from $780.00 to $850.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Royal Bank of Canada increased their price objective on HubSpot from $825.00 to $950.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, Canaccord Genuity Group increased their price objective on HubSpot from $710.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Four 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $863.96.

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Insider Buying and Selling at HubSpot

In other HubSpot news, Director Lorrie M. Norrington sold 572 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $690.00, for a total transaction of $394,680.00. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 54,079 shares in the company, valued at approximately $37,941,285.61. This represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,497 shares of company stock worth $11,097,251. Insiders own 4.50% of the company's stock.

HubSpot Price Performance

HUBS stock traded down $16.35 on Tuesday, reaching $596.71. 601,544 shares of the company traded hands, compared to its average volume of 600,513. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The company has a market cap of $31.12 billion, a P/E ratio of 6,630.81, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. The firm has a fifty day simple moving average of $723.71 and a 200-day simple moving average of $653.35.

HubSpot (NYSE:HUBS - Get Free Report) last posted 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 net margin of 0.17% and a negative return on equity of 0.07%. On average, sell-side analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

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.