Avanza Fonder AB Takes $2.83 Million Position in HubSpot, Inc. (NYSE:HUBS)

Avanza Fonder AB bought a new stake in HubSpot, Inc. (NYSE:HUBS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,059 shares of the software maker’s stock, valued at approximately $2,828,000.

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP increased its holdings in shares of HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after buying an additional 480,796 shares during the last quarter. Geode Capital Management LLC grew its position in HubSpot by 2.5% in the third quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after acquiring an additional 19,974 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in HubSpot by 17.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after acquiring an additional 86,688 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in HubSpot by 8.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock valued at $280,186,000 after purchasing an additional 40,138 shares during the period. Finally, Holocene Advisors LP lifted its stake in shares of HubSpot by 17.5% in the 3rd quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock valued at $169,988,000 after purchasing an additional 47,736 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HUBS. Mizuho increased their price target on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Morgan Stanley raised their target price on shares of HubSpot from $747.00 to $835.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Stifel Nicolaus upped their price target on shares of HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a report on Monday, December 9th. Royal Bank of Canada raised their price objective on shares of HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Truist Financial reaffirmed a “buy” rating and set a $750.00 target price (up previously from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and an average price target of $721.26.

HubSpot Trading Down 1.8 %

HUBS opened at $704.08 on Friday. The firm has a market cap of $36.34 billion, a price-to-earnings ratio of -2,607.59, a PEG ratio of 41.24 and a beta of 1.70. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $762.47. The stock has a fifty day moving average price of $713.49 and a 200-day moving average price of $586.04.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same period in the previous year, the company posted ($0.04) earnings per share. The firm’s revenue was up 20.1% on a year-over-year basis. On average, equities research analysts forecast that HubSpot, Inc. will post 0.42 EPS for the current year.

Insiders Place Their Bets

In other HubSpot news, insider Dawson Alyssa Harvey sold 573 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $401,100.00. Following the transaction, the insider now owns 7,603 shares in the company, valued at approximately $5,322,100. This represents a 7.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the transaction, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. This represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,066 shares of company stock valued at $54,900,427. 4.50% of the stock is currently owned by 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.