HubSpot, Inc. (NYSE:HUBS) Stake Increased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,813 shares of the software maker’s stock after buying an additional 400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in HubSpot were worth $8,231,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. GDS Wealth Management acquired a new position in HubSpot in the 3rd quarter valued at approximately $2,149,000. Pallas Capital Advisors LLC purchased a new position in shares of HubSpot during the 3rd quarter valued at $624,000. Icon Wealth Advisors LLC increased its stake in shares of HubSpot by 3,346.2% in the third quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock worth $11,212,000 after acquiring an additional 20,479 shares during the last quarter. Curi RMB Capital LLC raised its holdings in shares of HubSpot by 15.1% during the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after acquiring an additional 937 shares in the last quarter. Finally, Advantage Alpha Capital Partners LP boosted its position in HubSpot by 113.4% during the third quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker’s stock valued at $9,923,000 after purchasing an additional 9,919 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. 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. BMO Capital Markets lifted their target price on shares of HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Barclays reissued an “equal weight” rating on shares of HubSpot in a research report on Thursday, February 13th. Finally, Needham & Company LLC raised their price target on shares of HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and a consensus target price of $863.96.

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 115 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total transaction of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the completion of the transaction, the insider now owns 513,698 shares of the company’s stock, valued at $374,819,745.70. This trade represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,112 shares of company stock worth $35,878,612 over the last three months. 4.50% of the stock is currently owned by corporate insiders.

HubSpot Trading Down 0.4 %

HUBS opened at $723.26 on Tuesday. The business has a 50 day moving average of $739.45 and a 200-day moving average of $635.73. The stock has a market capitalization of $37.72 billion, a price-to-earnings ratio of 8,037.08, a P/E/G ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate 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 predict that HubSpot, Inc. will post 1.01 EPS for the current year.

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.