Handelsbanken Fonder AB Boosts Stake in HubSpot, Inc. (NYSE:HUBS)

Handelsbanken Fonder AB lifted its position in shares of HubSpot, Inc. (NYSE:HUBS) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,531 shares of the software maker’s stock after acquiring an additional 458 shares during the quarter. Handelsbanken Fonder AB’s holdings in HubSpot were worth $11,518,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot during the 3rd quarter worth about $25,000. MassMutual Private Wealth & Trust FSB lifted its stake in 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. Bank of Jackson Hole Trust purchased a new position in HubSpot in the 4th quarter valued at about $35,000. HM Payson & Co. lifted its stake in HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after buying an additional 18 shares in the last quarter. Finally, Friedenthal Financial purchased a new position in HubSpot in the 4th quarter valued at about $50,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Price Performance

Shares of NYSE HUBS opened at $726.43 on Friday. The company has a 50 day simple moving average of $739.92 and a 200-day simple moving average of $631.52. The company has a market capitalization of $37.88 billion, a P/E ratio of 8,072.32, 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 posted its earnings results 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%. As a group, research analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the sale, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Yamini Rangan sold 115 shares of HubSpot 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 completion of the sale, the chief executive officer now owns 61,179 shares of the company’s stock, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,112 shares of company stock worth $35,878,612. Insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on HUBS shares. StockNews.com raised shares of HubSpot from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Citigroup raised their price target on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Barclays reaffirmed an “equal weight” rating on shares of HubSpot in a research note on Thursday, February 13th. Oppenheimer raised their target price on shares of HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, Evercore ISI raised their target price on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $863.96.

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.