HubSpot, Inc. $HUBS Stock Holdings Increased by Nordea Investment Management AB

Nordea Investment Management AB grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 34.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 21,638 shares of the software maker’s stock after acquiring an additional 5,595 shares during the quarter. Nordea Investment Management AB’s holdings in HubSpot were worth $10,148,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of HubSpot by 19.2% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,533 shares of the software maker’s stock valued at $5,306,000 after purchasing an additional 1,533 shares during the period. Moody Lynn & Lieberson LLC lifted its holdings in shares of HubSpot by 2,038.1% in the second quarter. Moody Lynn & Lieberson LLC now owns 20,953 shares of the software maker’s stock valued at $11,663,000 after buying an additional 19,973 shares during the period. Los Angeles Capital Management LLC boosted its stake in HubSpot by 24.1% during the second quarter. Los Angeles Capital Management LLC now owns 13,228 shares of the software maker’s stock valued at $7,363,000 after buying an additional 2,569 shares in the last quarter. KBC Group NV grew its holdings in HubSpot by 299.7% during the second quarter. KBC Group NV now owns 80,579 shares of the software maker’s stock worth $44,853,000 after acquiring an additional 60,421 shares during the period. Finally, 111 Capital grew its holdings in HubSpot by 83.4% during the second quarter. 111 Capital now owns 1,579 shares of the software maker’s stock worth $879,000 after acquiring an additional 718 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Stock Performance

HubSpot stock opened at $312.32 on Friday. HubSpot, Inc. has a 52 week low of $309.00 and a 52 week high of $881.13. The firm has a market capitalization of $16.36 billion, a price-to-earnings ratio of -3,904.00, a P/E/G ratio of 7.73 and a beta of 1.46. The company has a 50 day moving average price of $378.25 and a 200 day moving average price of $450.95.

HubSpot (NYSE:HUBS) last announced its earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.08. The company had revenue of $809.52 million for the quarter, compared to the consensus estimate of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The company’s revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.18 EPS. Equities analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HUBS shares. Truist Financial reduced their price objective on shares of HubSpot from $675.00 to $650.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Needham & Company LLC cut their target price on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. BMO Capital Markets reduced their target price on shares of HubSpot from $550.00 to $465.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Mizuho dropped their price target on HubSpot from $700.00 to $550.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Finally, KeyCorp reduced their price objective on HubSpot from $775.00 to $650.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $603.07.

Insider Transactions at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $366.99, for a total transaction of $3,119,415.00. Following the completion of the sale, the director directly owned 496,308 shares in the company, valued at approximately $182,140,072.92. This trade represents a 1.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 25,500 shares of company stock valued at $10,058,565. 4.00% of the stock is currently owned by corporate insiders.

HubSpot Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.