HubSpot, Inc. $HUBS Shares Sold by Swedbank AB

Key Points

• Swedbank AB reduced its stake in HubSpot, Inc. by 4.2% in Q2, now holding shares worth $13.46 million.
• Analysts have set varying target prices for HubSpot, with an average price target of $722.93 and a consensus rating of "Moderate Buy."
• Insider transactions included CTO Dharmesh Shah selling over 17,000 shares, indicating a 1.33% decrease in their ownership.

Swedbank AB lessened its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,172 shares of the software maker's stock after selling 1,051 shares during the period. Swedbank AB's holdings in HubSpot were worth $13,455,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC grew its position in HubSpot by 1.1% in the first quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker's stock worth $861,000 after acquiring an additional 16 shares during the period. WCM Investment Management LLC increased its position in shares of HubSpot by 0.6% during the 1st quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker's stock worth $1,553,000 after purchasing an additional 17 shares during the last quarter. Yousif Capital Management LLC increased its position in shares of HubSpot by 3.0% during the 1st quarter. Yousif Capital Management LLC now owns 662 shares of the software maker's stock worth $378,000 after purchasing an additional 19 shares during the last quarter. Ballentine Partners LLC raised its holdings in HubSpot by 3.5% in the 1st quarter. Ballentine Partners LLC now owns 584 shares of the software maker's stock valued at $334,000 after buying an additional 20 shares during the period. Finally, Apollon Wealth Management LLC boosted its stake in HubSpot by 5.2% during the first quarter. Apollon Wealth Management LLC now owns 405 shares of the software maker's stock worth $231,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on HUBS. Sanford C. Bernstein upgraded HubSpot from a "market perform" rating to an "outperform" rating and set a $606.00 price target for the company in a research report on Wednesday, September 3rd. Canaccord Genuity Group dropped their price objective on HubSpot from $765.00 to $700.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. Barclays decreased their price objective on shares of HubSpot from $745.00 to $675.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Macquarie decreased their target price on HubSpot from $730.00 to $660.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. Finally, BMO Capital Markets decreased their price objective on HubSpot from $650.00 to $600.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $722.93.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,383 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the transaction, the chief executive officer owned 63,918 shares in the company, valued at $35,269,313.22. The trade was a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Dharmesh Shah sold 17,253 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $500.66, for a total transaction of $8,637,886.98. Following the completion of the sale, the chief technology officer directly owned 1,275,805 shares of the company's stock, valued at $638,744,531.30. This trade represents a 1.33% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,094 shares of company stock worth $25,716,404. 4.00% of the stock is currently owned by insiders.

HubSpot Price Performance

NYSE:HUBS traded down $10.21 on Tuesday, reaching $512.77. The stock had a trading volume of 214,515 shares, compared to its average volume of 737,341. HubSpot, Inc. has a 12-month low of $418.34 and a 12-month high of $881.13. The company has a market cap of $27.02 billion, a price-to-earnings ratio of -2,229.36, a P/E/G ratio of 17.93 and a beta of 1.58. The firm's fifty day moving average is $493.86 and its two-hundred day moving average is $551.46.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.07. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The business had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. During the same period in the previous year, the firm posted $1.94 earnings per share. The company's quarterly revenue was up 19.4% compared to the same quarter last year. As a group, research analysts forecast 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.