Fjarde AP Fonden Fourth Swedish National Pension Fund Has $6.41 Million Stake in HubSpot, Inc. $HUBS

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in HubSpot, Inc. (NYSE:HUBS) by 7.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,513 shares of the software maker’s stock after purchasing an additional 800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in HubSpot were worth $6,408,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. grew its holdings in shares of HubSpot by 136.4% during the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. Hilltop National Bank bought a new stake in HubSpot during the 2nd quarter worth approximately $32,000. Cullen Frost Bankers Inc. increased its position in HubSpot by 130.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker’s stock valued at $34,000 after acquiring an additional 34 shares during the period. N.E.W. Advisory Services LLC acquired a new position in HubSpot in the 1st quarter valued at approximately $35,000. Finally, GW&K Investment Management LLC raised its stake in shares of HubSpot by 203.8% during the first quarter. GW&K Investment Management LLC now owns 79 shares of the software maker’s stock valued at $45,000 after acquiring an additional 53 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at HubSpot

In other news, CTO Dharmesh Shah sold 17,253 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $500.66, for a total transaction of $8,637,886.98. Following the transaction, the chief technology officer owned 1,275,805 shares in the company, valued at approximately $638,744,531.30. This represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the transaction, the director directly owned 522,435 shares in the company, valued at $235,012,160.40. This trade represents a 1.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 50,863 shares of company stock worth $24,641,332 over the last quarter. 4.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

HUBS has been the subject of a number of recent research reports. UBS Group restated an “outperform” rating on shares of HubSpot in a report on Wednesday, September 3rd. JPMorgan Chase & Co. reduced their price target on HubSpot from $775.00 to $675.00 and set an “overweight” rating on the stock in a research report on Thursday, August 7th. Piper Sandler started coverage on HubSpot in a research report on Thursday, September 4th. They set an “overweight” rating and a $675.00 price objective for the company. BMO Capital Markets cut their price objective on HubSpot from $600.00 to $550.00 and set an “outperform” rating on the stock in a research note on Friday, October 24th. Finally, Macquarie reduced their target price on HubSpot from $730.00 to $660.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $717.75.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $465.76 on Thursday. HubSpot, Inc. has a 1 year low of $418.34 and a 1 year high of $881.13. The business’s 50-day moving average is $476.96 and its 200-day moving average is $531.84. The company has a market capitalization of $24.54 billion, a price-to-earnings ratio of -2,025.04, a P/E/G ratio of 16.23 and a beta of 1.58.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.07. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The business had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. During the same period in the previous year, the company posted $1.94 earnings per share. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. Analysts anticipate that HubSpot, Inc. will post 1.01 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.