HubSpot, Inc. (NYSE:HUBS) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,073 shares of the software maker’s stock after buying an additional 500 shares during the quarter. Handelsbanken Fonder AB’s holdings in HubSpot were worth $8,544,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of HubSpot by 14.3% in the first quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock valued at $75,000 after purchasing an additional 15 shares during the period. First Affirmative Financial Network increased its holdings in HubSpot by 3.8% in the 1st quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock worth $309,000 after buying an additional 18 shares during the period. Eagle Wealth Strategies LLC raised its position in HubSpot by 5.8% during the 1st quarter. Eagle Wealth Strategies LLC now owns 386 shares of the software maker’s stock worth $246,000 after buying an additional 21 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in HubSpot by 19.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after acquiring an additional 25 shares during the period. Finally, Gilbert & Cook Inc. lifted its stake in HubSpot by 1.4% during the 1st quarter. Gilbert & Cook Inc. now owns 1,993 shares of the software maker’s stock valued at $1,249,000 after acquiring an additional 28 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, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the transaction, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total value of $4,014,295.00. Following the completion of the sale, the insider now owns 518,152 shares of the company’s stock, valued at approximately $244,707,645.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,643 shares of company stock valued at $5,640,484. Corporate insiders own 4.50% of the company’s stock.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $521.90 on Tuesday. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85. The firm has a market capitalization of $26.60 billion, a PE ratio of -196.94, a P/E/G ratio of 7,010.23 and a beta of 1.64. The business’s 50 day moving average price is $498.80 and its 200-day moving average price is $559.84.

HubSpot (NYSE:HUBS) last announced its earnings results 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. The company had revenue of $637.20 million for the quarter, compared to analysts’ expectations of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.17) EPS.

Wall Street Analyst Weigh In

HUBS has been the subject of several recent research reports. UBS Group reduced their target price on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Piper Sandler reiterated an “overweight” rating and set a $570.00 price objective on shares of HubSpot in a research note on Thursday, September 19th. Royal Bank of Canada restated an “outperform” rating and issued a $700.00 target price on shares of HubSpot in a research note on Thursday, September 19th. Bank of America reduced their price target on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Citigroup lowered their price objective on HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Four analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $610.79.

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.