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

Andra AP fonden cut its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 98.7% in the 4th quarter, Holdings Channel reports. The fund 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 filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. Wellington Management Group LLP raised its stake in shares of HubSpot by 52.2% during 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of HubSpot by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after buying an additional 19,974 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of HubSpot by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock worth $469,987,000 after buying an additional 24,799 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of HubSpot by 17.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after buying an additional 86,688 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of HubSpot by 8.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock worth $280,186,000 after buying an additional 40,138 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total value of $6,202,025.00. Following the transaction, the insider now owns 513,698 shares in the company, valued at approximately $374,819,745.70. This trade represents a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction 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 completion of the transaction, the chief technology officer now owns 1,272,077 shares in the company, valued at $941,197,051.53. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,997 shares of company stock worth $35,796,526 over the last quarter. 4.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HUBS. Barclays reissued an “equal weight” rating on shares of HubSpot in a research note on Thursday, February 13th. Raymond James raised their price objective on HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and raised their price objective for the company from $680.00 to $725.00 in a research note on Friday, January 17th. Scotiabank raised their price objective on HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a research note on Thursday, February 13th. Finally, KeyCorp raised HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective for the company in a research note on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $863.96.

HubSpot Stock Down 1.7 %

HUBS stock opened at $640.87 on Monday. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The stock’s fifty day simple moving average is $735.56 and its 200-day simple moving average is $649.02. The stock has a market capitalization of $33.42 billion, a price-to-earnings ratio of 7,121.52, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last posted 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%. As a group, analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

HubSpot Company 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.