27,178 Shares in HubSpot, Inc. $HUBS Purchased by PFA Pension Forsikringsaktieselskab

Key Points

• PFA Pension Forsikringsaktieselskab acquired a new position of 27,178 shares of HubSpot (NYSE:HUBS) in Q4, valued at about $11.03 million, representing roughly 0.05% of the company.
• HubSpot beat quarterly estimates with EPS $3.09 vs. $2.99 and revenue of $846.75 million (up 20.4% year‑over‑year); the stock carries a market cap of $12.36 billion and a MarketBeat consensus rating of "Moderate Buy" with a $388.07 target.
• Institutional investors own about 90.39% of HubSpot, while insiders sold 26,483 shares (~$6.59 million) last quarter and now hold roughly 4.00% of the stock.

PFA Pension Forsikringsaktieselskab acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,178 shares of the software maker's stock, valued at approximately $11,030,000. PFA Pension Forsikringsaktieselskab owned approximately 0.05% of HubSpot at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in HubSpot by 6.4% during the third quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker's stock worth $2,683,659,000 after acquiring an additional 345,524 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of HubSpot by 32.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,935,587 shares of the software maker's stock worth $776,714,000 after buying an additional 476,740 shares in the last quarter. State Street Corp grew its holdings in shares of HubSpot by 1.9% during the third quarter. State Street Corp now owns 1,148,895 shares of the software maker's stock valued at $537,453,000 after buying an additional 21,358 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of HubSpot by 89.2% during the third quarter. AQR Capital Management LLC now owns 546,436 shares of the software maker's stock valued at $255,623,000 after buying an additional 257,577 shares during the last quarter. Finally, Amundi grew its holdings in shares of HubSpot by 57.6% during the third quarter. Amundi now owns 452,252 shares of the software maker's stock valued at $209,660,000 after buying an additional 165,315 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

HubSpot Stock Up 0.1%

Shares of HubSpot stock opened at $240.09 on Monday. The company has a market cap of $12.36 billion, a price-to-earnings ratio of 275.96, a price-to-earnings-growth ratio of 3.27 and a beta of 1.23. The company's 50 day moving average is $242.77 and its 200 day moving average is $322.11. HubSpot, Inc. has a twelve month low of $187.45 and a twelve month high of $682.57.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, beating analysts' consensus estimates of $2.99 by $0.10. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The company had revenue of $846.75 million for the quarter, compared to the consensus estimate of $830.65 million. During the same quarter in the prior year, the firm earned $2.32 earnings per share. The firm's revenue for the quarter was up 20.4% compared to the same quarter last year. Sell-side analysts expect that HubSpot, Inc. will post 3.66 EPS for the current fiscal year.

Insider Activity at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $262.75, for a total value of $2,233,375.00. Following the transaction, the director directly owned 370,558 shares in the company, valued at approximately $97,364,114.50. This trade represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Erika Ashley Fisher sold 841 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the transaction, the insider owned 10,119 shares in the company, valued at $2,408,423.19. The trade was a 7.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 26,483 shares of company stock worth $6,585,062 over the last quarter. Insiders own 4.00% of the company's stock.

Wall Street Analyst Weigh In

HUBS has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an "overweight" rating on shares of HubSpot in a report on Thursday, February 12th. Wells Fargo & Company cut their price target on shares of HubSpot from $600.00 to $350.00 and set an "overweight" rating on the stock in a report on Thursday, February 12th. Sanford C. Bernstein reiterated an "outperform" rating on shares of HubSpot in a report on Thursday, February 12th. Zacks Research cut shares of HubSpot from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 14th. Finally, JPMorgan Chase & Co. cut their price target on shares of HubSpot from $650.00 to $530.00 and set an "overweight" rating on the stock in a report on Thursday, February 12th. Twenty-five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, HubSpot currently has a consensus rating of "Moderate Buy" and a consensus target price of $388.07.

HubSpot Company Profile

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.

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