Forsta AP Fonden Sells 400 Shares of HubSpot, Inc. (NYSE:HUBS)

Forsta AP Fonden lessened its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,300 shares of the software maker’s stock after selling 400 shares during the quarter. Forsta AP Fonden’s holdings in HubSpot were worth $7,177,000 as of its most recent SEC filing.

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

Insider Activity

In other HubSpot news, CFO Kathryn Bueker sold 4,381 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $3,066,700.00. Following the transaction, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $28,881,300. The trade was a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dawson Alyssa Harvey sold 573 shares of the firm’s stock in a transaction on 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 directly owns 7,603 shares of the company’s stock, valued at approximately $5,322,100. This represents a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,066 shares of company stock worth $54,900,427 over the last quarter. Insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on HUBS. Wells Fargo & Company increased their price target on HubSpot from $750.00 to $810.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group increased their target price on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Canaccord Genuity Group boosted their price target 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. UBS Group cut shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 17th. Finally, Oppenheimer boosted their target price on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus price target of $724.52.

HubSpot Stock Performance

Shares of NYSE HUBS opened at $779.52 on Friday. The stock has a market cap 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 fifty-two week low of $434.84 and a fifty-two week high of $811.79. The firm’s 50-day simple moving average is $723.66 and its 200 day simple moving average is $598.32.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. The company had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. HubSpot’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. On average, sell-side analysts predict that HubSpot, Inc. will post 0.42 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.