Swedbank AB Buys 441 Shares of HubSpot, Inc. (NYSE:HUBS)

Swedbank AB lifted its stake in HubSpot, Inc. (NYSE:HUBS) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,361 shares of the software maker’s stock after acquiring an additional 441 shares during the quarter. Swedbank AB’s holdings in HubSpot were worth $14,014,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. GDS Wealth Management purchased a new stake in HubSpot during the 3rd quarter valued at $2,149,000. Pallas Capital Advisors LLC purchased a new position in HubSpot in the third quarter worth about $624,000. Headlands Technologies LLC bought a new stake in shares of HubSpot during the 2nd quarter valued at about $3,135,000. Icon Wealth Advisors LLC increased its position in shares of HubSpot by 3,346.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock valued at $11,212,000 after purchasing an additional 20,479 shares during the last quarter. Finally, Curi RMB Capital LLC lifted its stake in shares of HubSpot by 15.1% in the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after purchasing an additional 937 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Trading Down 0.3 %

Shares of HUBS opened at $729.83 on Wednesday. The company’s fifty day simple moving average is $585.02 and its 200-day simple moving average is $553.17. The company has a market cap of $37.68 billion, a P/E ratio of -2,703.07, a P/E/G ratio of 90.27 and a beta of 1.63. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $754.56.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same period in the prior year, the company posted ($0.04) EPS. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. Analysts predict that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on HUBS shares. Stifel Nicolaus upped their target price on shares of HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Evercore ISI lifted their target price on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Bank of America reduced their price target on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. boosted their price objective on HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company lifted their price target on shares of HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $672.68.

Insider Activity at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total value 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. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dawson Alyssa Harvey sold 573 shares of HubSpot stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $401,100.00. Following the transaction, the insider now directly owns 7,603 shares in the company, valued at approximately $5,322,100. The trade was a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,391 shares of company stock worth $29,101,488 in the last quarter. 4.50% of the stock is owned by company insiders.

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.