Andra AP fonden Trims Stake in HubSpot, Inc. (NYSE:HUBS)

Andra AP fonden lowered its holdings in HubSpot, Inc. (NYSE:HUBS) by 98.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 400 shares of the software maker’s stock after selling 30,300 shares during the quarter. Andra AP fonden’s holdings in HubSpot were worth $279,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its position in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in HubSpot in the third quarter valued at $25,000. Bank of Jackson Hole Trust purchased a new stake in HubSpot in the fourth quarter valued at $35,000. Friedenthal Financial purchased a new stake in HubSpot in the fourth quarter valued at $50,000. Finally, Crewe Advisors LLC raised its position in HubSpot by 37.3% in the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after purchasing an additional 28 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

NYSE:HUBS opened at $640.87 on Monday. The stock has a 50-day simple moving average of $735.56 and a 200-day simple moving average of $649.02. The stock has a market cap of $33.42 billion, a P/E ratio of 7,121.52, a P/E/G ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HUBS shares. Citigroup lifted their target price on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and boosted their price objective for the company from $680.00 to $725.00 in a report on Friday, January 17th. Piper Sandler boosted their price objective on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. William Blair reiterated an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. Finally, Truist Financial reiterated a “buy” rating and issued a $900.00 price objective (up previously from $750.00) on shares of HubSpot in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and an average target price of $863.96.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the sale, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at $37,941,285.61. This represents a 5.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the sale, the chief technology officer now directly owns 1,272,077 shares of the company’s stock, valued at approximately $941,197,051.53. This represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,997 shares of company stock valued at $35,796,526 in the last three months. 4.50% of the stock is currently owned by company insiders.

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.