HubSpot, Inc. $HUBS Stake Lifted by Andra AP fonden

Andra AP fonden raised its stake in HubSpot, Inc. (NYSE:HUBS) by 13.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 37,085 shares of the software maker’s stock after buying an additional 4,500 shares during the quarter. Andra AP fonden owned approximately 0.07% of HubSpot worth $17,348,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Empowered Funds LLC raised its holdings in shares of HubSpot by 88.5% during the first quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock valued at $897,000 after buying an additional 737 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in HubSpot by 10.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 10,034 shares of the software maker’s stock worth $5,585,000 after buying an additional 981 shares in the last quarter. Assetmark Inc. increased its position in HubSpot by 0.3% in the 2nd quarter. Assetmark Inc. now owns 12,667 shares of the software maker’s stock valued at $7,051,000 after acquiring an additional 33 shares during the period. Atria Investments Inc raised its stake in HubSpot by 17.7% during the 2nd quarter. Atria Investments Inc now owns 3,813 shares of the software maker’s stock valued at $2,122,000 after acquiring an additional 573 shares in the last quarter. Finally, Amalgamated Bank raised its stake in HubSpot by 11.3% during the 2nd quarter. Amalgamated Bank now owns 3,878 shares of the software maker’s stock valued at $2,159,000 after acquiring an additional 393 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of research analyst reports. Citigroup raised their price target on HubSpot from $600.00 to $640.00 and gave the company a “buy” rating in a report on Friday, February 13th. BTIG Research lowered their target price on shares of HubSpot from $500.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. The Goldman Sachs Group reduced their price target on shares of HubSpot from $517.00 to $442.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Jefferies Financial Group lowered their price objective on shares of HubSpot from $560.00 to $325.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Finally, Piper Sandler cut their target price on HubSpot from $400.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $452.70.

Insider Transactions at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,261 shares of HubSpot stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $253.00, for a total transaction of $2,090,033.00. Following the transaction, the director owned 481,168 shares of the company’s stock, valued at $121,735,504. The trade was a 1.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Erika Ashley Fisher sold 841 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the sale, the insider directly owned 10,119 shares of the company’s stock, valued at $2,408,423.19. This trade represents a 7.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,691 shares of company stock valued at $8,136,702 over the last 90 days. Corporate insiders own 4.00% of the company’s stock.

HubSpot Stock Performance

NYSE HUBS opened at $264.54 on Friday. The firm’s 50 day moving average price is $310.16 and its two-hundred day moving average price is $395.25. HubSpot, Inc. has a twelve month low of $207.20 and a twelve month high of $732.00. The stock has a market cap of $13.95 billion, a price-to-earnings ratio of 304.07, a PEG ratio of 3.98 and a beta of 1.44.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The company had revenue of $846.75 million during the quarter, compared to analyst estimates of $830.65 million. During the same quarter in the prior year, the company earned $2.32 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

HubSpot Company Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.