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

Swedbank AB grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,206 shares of the software maker’s stock after purchasing an additional 845 shares during the period. Swedbank AB’s holdings in HubSpot were worth $18,956,000 at the end of the most recent quarter.

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

HubSpot Price Performance

Shares of HubSpot stock opened at $779.52 on Friday. The business has a 50-day simple moving average of $723.66 and a 200 day simple moving average of $598.32. The firm has a market capitalization of $40.24 billion, a price-to-earnings ratio of -2,887.02, a PEG ratio of 43.22 and a beta of 1.70. HubSpot, Inc. has a one year low of $434.84 and a one year high of $811.79.

HubSpot (NYSE:HUBS) last issued its earnings results 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 return on equity of 1.16% and a negative net margin of 0.56%. 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 firm earned ($0.04) earnings per share. HubSpot’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, sell-side analysts expect that HubSpot, Inc. will post 0.42 EPS for the current year.

Insider Buying and Selling at HubSpot

In related news, insider Dawson Alyssa Harvey sold 573 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $401,100.00. Following the sale, the insider now owns 7,603 shares in the company, valued at $5,322,100. This represents a 7.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Dharmesh Shah sold 25,000 shares of HubSpot 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 transaction, the chief technology officer now owns 1,323,145 shares of the company’s stock, valued at $889,973,789.90. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,066 shares of company stock valued at $54,900,427. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HUBS shares. Bank of America upped their target price on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Truist Financial reaffirmed a “buy” rating and issued a $750.00 price objective (up from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Needham & Company LLC reissued a “buy” rating and set a $730.00 target price on shares of HubSpot in a research note on Thursday, November 7th. Scotiabank raised their price target on shares of HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a research note on Wednesday, January 8th. Finally, Canaccord Genuity Group upped their price objective on shares of HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price 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.