4,059 Shares in HubSpot, Inc. (NYSE:HUBS) Purchased by Avanza Fonder AB

Avanza Fonder AB purchased a new position in HubSpot, Inc. (NYSE:HUBS) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 4,059 shares of the software maker’s stock, valued at approximately $2,828,000.

A number of other institutional investors also recently bought and sold shares of HUBS. Wellington Management Group LLP boosted its holdings in shares of HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after acquiring an additional 480,796 shares during the last quarter. Geode Capital Management LLC grew its position in HubSpot by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after purchasing an additional 19,974 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of HubSpot by 17.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after buying an additional 86,688 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of HubSpot by 8.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock valued at $280,186,000 after buying an additional 40,138 shares during the last quarter. Finally, Holocene Advisors LP lifted its holdings in shares of HubSpot by 17.5% in the 3rd quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock valued at $169,988,000 after buying an additional 47,736 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Trading Down 1.8 %

NYSE:HUBS opened at $704.08 on Friday. The company has a market cap of $36.34 billion, a P/E ratio of -2,607.59, a P/E/G ratio of 41.24 and a beta of 1.70. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $762.47. The company’s 50-day moving average price is $713.49 and its 200-day moving average price is $586.04.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $730.00 price target on shares of HubSpot in a research report on Thursday, November 7th. Royal Bank of Canada boosted their target price on shares of HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Scotiabank raised their price target on shares of HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. upped their price objective on shares of HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Oppenheimer raised their target price on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $721.26.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 115 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kathryn Bueker sold 4,381 shares of the firm’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 sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $28,881,300. This trade represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,066 shares of company stock valued at $54,900,427 in the last three months. 4.50% of the stock is currently owned by insiders.

HubSpot Company Profile

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.