Swedbank AB Has $18.96 Million Holdings in HubSpot, Inc. (NYSE:HUBS)

Swedbank AB raised its stake in HubSpot, Inc. (NYSE:HUBS) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,206 shares of the software maker’s stock after buying an additional 845 shares during the quarter. Swedbank AB owned 0.05% of HubSpot worth $18,956,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot in the 3rd quarter valued at $25,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after acquiring an additional 19 shares in the last quarter. HM Payson & Co. raised its position in shares of HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the period. Friedenthal Financial bought a new position in shares of HubSpot during the 4th quarter valued at about $50,000. Finally, Crewe Advisors LLC lifted its holdings in shares of HubSpot by 37.3% during the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after purchasing an additional 28 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

HubSpot stock opened at $779.52 on Friday. The stock has a 50-day simple moving average of $723.66 and a 200 day simple moving average of $598.32. The stock has a market capitalization of $40.24 billion, a P/E ratio of -2,887.02, a PEG ratio of 43.22 and a beta of 1.70. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $811.79.

HubSpot (NYSE:HUBS) last issued 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. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same period in the previous year, the company posted ($0.04) EPS. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. Research analysts forecast that HubSpot, Inc. will post 0.42 earnings per share for the current year.

Insider Activity

In other news, 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 transaction of $394,680.00. Following the completion of the sale, the director now owns 1,697 shares in the company, valued at $1,170,930. The trade was a 25.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Yamini Rangan sold 115 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now owns 61,179 shares in the company, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,066 shares of company stock valued at $54,900,427 over the last ninety days. 4.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HUBS has been the topic of several research analyst reports. Bank of America raised their target price on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Oppenheimer raised their price objective on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Canaccord Genuity Group upped their target price on shares of HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Needham & Company LLC reissued a “buy” rating and issued a $730.00 price target on shares of HubSpot in a research note on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price target on HubSpot from $750.00 to $810.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and a consensus price target of $724.52.

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.