Tredje AP fonden Trims Position in HubSpot, Inc. (NYSE:HUBS)

Tredje AP fonden trimmed its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 50.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,868 shares of the software maker’s stock after selling 3,867 shares during the period. Tredje AP fonden’s holdings in HubSpot were worth $2,695,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in HUBS. Vestcor Inc boosted its holdings in HubSpot by 283.0% in the fourth quarter. Vestcor Inc now owns 3,382 shares of the software maker’s stock valued at $2,356,000 after purchasing an additional 2,499 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of HubSpot by 5.4% in the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock valued at $178,000 after buying an additional 13 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of HubSpot by 21.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 840 shares of the software maker’s stock worth $585,000 after buying an additional 150 shares during the last quarter. HighTower Advisors LLC grew its holdings in HubSpot by 65.6% during the fourth quarter. HighTower Advisors LLC now owns 7,512 shares of the software maker’s stock worth $5,234,000 after acquiring an additional 2,977 shares during the period. Finally, Prosperity Financial Group Inc. raised its position in HubSpot by 18.3% during the fourth quarter. Prosperity Financial Group Inc. now owns 712 shares of the software maker’s stock valued at $496,000 after acquiring an additional 110 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Trading Down 2.0 %

Shares of HUBS stock opened at $598.64 on Friday. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The company’s 50-day moving average price is $727.46 and its 200-day moving average price is $649.63. The stock has a market cap of $31.22 billion, a price-to-earnings ratio of 6,652.27, a PEG ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities research analysts predict that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the transaction, the chief executive officer now owns 54,079 shares of the company’s stock, valued at $37,941,285.61. This represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the sale, the chief financial officer now owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. This represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,997 shares of company stock worth $35,796,526. Company insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

HUBS has been the topic of several recent research reports. The Goldman Sachs Group upped their price objective on HubSpot from $783.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Mizuho boosted their target price on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Barclays upgraded shares of HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price target on the stock in a research report on Wednesday. Bank of America upped their price objective on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Needham & Company LLC raised their target price on HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $863.96.

HubSpot 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.