Skandinaviska Enskilda Banken AB publ Has $11.70 Million Stock Position in HubSpot, Inc. (NYSE:HUBS)

Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 7.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,722 shares of the software maker’s stock after acquiring an additional 1,087 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in HubSpot were worth $11,697,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HUBS. Sumitomo Mitsui Trust Group Inc. boosted its position in HubSpot by 13.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 131,129 shares of the software maker’s stock worth $69,708,000 after acquiring an additional 15,701 shares during the period. Aigen Investment Management LP acquired a new stake in HubSpot during the 3rd quarter worth about $211,000. Victory Capital Management Inc. boosted its position in HubSpot by 1.7% during the 3rd quarter. Victory Capital Management Inc. now owns 24,620 shares of the software maker’s stock worth $13,088,000 after acquiring an additional 416 shares during the period. KBC Group NV boosted its position in HubSpot by 5.9% during the 3rd quarter. KBC Group NV now owns 12,695 shares of the software maker’s stock worth $6,748,000 after acquiring an additional 711 shares during the period. Finally, Curi RMB Capital LLC boosted its position in HubSpot by 15.1% during the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after acquiring an additional 937 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Up 1.9 %

Shares of NYSE HUBS opened at $609.73 on Friday. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The company has a market cap of $31.80 billion, a P/E ratio of 6,775.49, a P/E/G ratio of 41.44 and a beta of 1.80. The business’s 50 day moving average is $725.59 and its two-hundred day moving average is $650.40.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data 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 negative return on equity of 0.07% and a net margin of 0.17%. Sell-side analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Stifel Nicolaus raised their price objective on HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Royal Bank of Canada raised their price target on HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Truist Financial reaffirmed a “buy” rating and set a $900.00 price target (up from $750.00) on shares of HubSpot in a research note on Thursday, February 13th. Wells Fargo & Company raised their price target on HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, Scotiabank raised their price target on HubSpot from $825.00 to $900.00 and gave the stock a “sector outperform” rating in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $863.96.

Insider Transactions at HubSpot

In related news, CFO Kathryn Bueker sold 1,796 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $1,260,055.64. Following the sale, the chief financial officer now owns 38,560 shares of the company’s stock, valued at $27,053,310.40. The trade was a 4.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lorrie M. Norrington sold 572 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $690.00, for a total value of $394,680.00. Following the completion of the sale, the director now directly owns 1,697 shares in the company, valued at approximately $1,170,930. This represents a 25.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,997 shares of company stock valued at $35,796,526. 4.50% of the stock is owned by corporate insiders.

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.