HubSpot, Inc. (NYSE:HUBS) Shares Acquired by Andra AP fonden

Andra AP fonden lifted its position in HubSpot, Inc. (NYSE:HUBS) by 152.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,900 shares of the software maker’s stock after acquiring an additional 11,400 shares during the period. Andra AP fonden’s holdings in HubSpot were worth $11,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HUBS. Wellington Management Group LLP raised its holdings in shares of HubSpot by 50.3% during the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock worth $1,088,119,000 after purchasing an additional 626,977 shares during the last quarter. Jennison Associates LLC grew its holdings in HubSpot by 62.1% during the first quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock worth $988,406,000 after acquiring an additional 604,554 shares during the period. Norges Bank acquired a new stake in HubSpot during the fourth quarter worth about $311,236,000. Twin Focus Capital Partners LLC raised its position in HubSpot by 92,828.2% during the fourth quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock valued at $283,230,000 after acquiring an additional 487,348 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in HubSpot by 87.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 451,341 shares of the software maker’s stock valued at $262,022,000 after acquiring an additional 210,138 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total value of $4,014,295.00. Following the sale, the insider now owns 518,152 shares in the company, valued at $244,707,645.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the completion of the transaction, the insider now owns 518,152 shares of the company’s stock, valued at $244,707,645.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kathryn Bueker sold 1,135 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $672,828.00. Following the completion of the sale, the chief financial officer now directly owns 44,715 shares in the company, valued at $26,507,052. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,012 shares of company stock worth $21,300,253. Insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HUBS shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $700.00 target price on shares of HubSpot in a report on Thursday, August 8th. Piper Sandler reissued an “overweight” rating and set a $570.00 target price on shares of HubSpot in a research note on Thursday, August 8th. Wells Fargo & Company dropped their target price on HubSpot from $650.00 to $625.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $730.00 price target on shares of HubSpot in a report on Thursday, August 8th. Finally, UBS Group dropped their price objective on HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $610.79.

HubSpot Stock Down 0.5 %

Shares of NYSE:HUBS opened at $491.88 on Wednesday. HubSpot, Inc. has a 52-week low of $407.23 and a 52-week high of $693.85. The stock has a market cap of $25.26 billion, a P/E ratio of -185.61, a PEG ratio of 3,132.37 and a beta of 1.63. The business has a fifty day moving average of $496.71 and a two-hundred day moving average of $572.25.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The firm had revenue of $637.20 million during the quarter, compared to analysts’ expectations of $619.28 million. During the same period last year, the business earned ($1.17) earnings per share. HubSpot’s revenue was up 20.4% compared to the same quarter last year. On average, equities analysts anticipate that HubSpot, Inc. will post 0.01 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.