Handelsbanken Fonder AB Has $6.39 Million Stake in HubSpot, Inc. (NYSE:HUBS)

Handelsbanken Fonder AB lifted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 67.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,012 shares of the software maker’s stock after buying an additional 4,449 shares during the quarter. Handelsbanken Fonder AB’s holdings in HubSpot were worth $6,393,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Jennison Associates LLC lifted its holdings in shares of HubSpot by 728.0% in the 3rd quarter. Jennison Associates LLC now owns 792,135 shares of the software maker’s stock worth $390,126,000 after purchasing an additional 696,469 shares in the last quarter. Wellington Management Group LLP lifted its stake in HubSpot by 26.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,247,345 shares of the software maker’s stock valued at $614,317,000 after acquiring an additional 257,632 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in HubSpot by 552.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 241,203 shares of the software maker’s stock valued at $118,792,000 after acquiring an additional 204,241 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in HubSpot by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock valued at $1,338,012,000 after acquiring an additional 166,381 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in HubSpot during the 4th quarter valued at $45,835,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

HUBS has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on HubSpot from $530.00 to $630.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. KeyCorp assumed coverage on HubSpot in a research note on Thursday, March 21st. They set an “underweight” rating and a $520.00 target price on the stock. Canaccord Genuity Group lifted their target price on HubSpot from $700.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Barclays lifted their price objective on HubSpot from $475.00 to $600.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Finally, William Blair reissued an “outperform” rating on shares of HubSpot in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and a consensus target price of $642.36.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the transaction, the insider now directly owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the transaction, the insider now directly owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dawson Alyssa Harvey sold 1,086 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $618.25, for a total value of $671,419.50. Following the completion of the sale, the insider now directly owns 7,783 shares in the company, valued at $4,811,839.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,362 shares of company stock valued at $14,012,491. Company insiders own 4.90% of the company’s stock.

HubSpot Stock Performance

Shares of HUBS opened at $636.00 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85. The stock has a 50-day moving average price of $627.37 and a 200-day moving average price of $557.66.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.22. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. The firm had revenue of $581.91 million during the quarter, compared to the consensus estimate of $557.48 million. Equities analysts expect that HubSpot, Inc. will post -0.98 earnings per share 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.