HubSpot, Inc. $HUBS Stock Position Lifted by Nordea Investment Management AB

Nordea Investment Management AB raised its stake in HubSpot, Inc. (NYSE:HUBS) by 34.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 21,638 shares of the software maker’s stock after purchasing an additional 5,595 shares during the quarter. Nordea Investment Management AB’s holdings in HubSpot were worth $10,148,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HUBS. Goodman Advisory Group LLC purchased a new position in shares of HubSpot during the 2nd quarter valued at $27,000. Whittier Trust Co. boosted its position in HubSpot by 136.4% during the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Rakuten Securities Inc. boosted its position in HubSpot by 783.3% during the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after purchasing an additional 47 shares during the last quarter. Hilltop National Bank purchased a new position in HubSpot in the second quarter valued at about $32,000. Finally, Osterweis Capital Management Inc. acquired a new position in HubSpot in the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $366.99, for a total transaction of $3,119,415.00. Following the completion of the transaction, the director owned 496,308 shares of the company’s stock, valued at approximately $182,140,072.92. The trade was a 1.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 25,500 shares of company stock valued at $10,058,565 in the last 90 days. Insiders own 4.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HUBS. Argus reduced their price target on HubSpot from $650.00 to $525.00 and set a “buy” rating for the company in a report on Thursday, November 20th. BMO Capital Markets cut their price objective on shares of HubSpot from $550.00 to $465.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Canaccord Genuity Group decreased their target price on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Wall Street Zen downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Barclays reduced their price objective on shares of HubSpot from $575.00 to $525.00 and set an “overweight” rating for the company in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and a consensus price target of $603.07.

HubSpot Trading Down 5.1%

Shares of HubSpot stock opened at $312.32 on Friday. The firm has a fifty day simple moving average of $378.25 and a 200-day simple moving average of $450.95. The stock has a market capitalization of $16.36 billion, a price-to-earnings ratio of -3,904.00, a PEG ratio of 7.73 and a beta of 1.46. HubSpot, Inc. has a 1-year low of $309.00 and a 1-year high of $881.13.

HubSpot (NYSE:HUBS) last announced its earnings results on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.58 by $0.08. The firm had revenue of $809.52 million for the quarter, compared to the consensus estimate of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The business’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.18 EPS. As a group, research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.