HubSpot, Inc. $HUBS Stock Holdings Decreased by Swedbank AB

Key Points

• Swedbank AB has reduced its holdings in HubSpot, Inc. by 7.3%, now owning 25,223 shares worth approximately $14.41 million.
• HubSpot reported earnings of $2.19 per share for the last quarter, surpassing estimates and marking a 19.4% year-over-year revenue growth to $760.87 million.
• Analysts have lowered price targets for HubSpot, with BMO Capital Markets reducing theirs from $650.00 to $600.00, while the average target price now stands at $722.93.

Swedbank AB cut its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 7.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,223 shares of the software maker's stock after selling 1,983 shares during the period. Swedbank AB's holdings in HubSpot were worth $14,410,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Elequin Capital LP acquired a new stake in HubSpot during the 4th quarter valued at $27,000. Cullen Frost Bankers Inc. grew its holdings in HubSpot by 130.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock worth $34,000 after acquiring an additional 34 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in HubSpot during the 1st quarter worth $35,000. Clean Yield Group acquired a new position in HubSpot during the 1st quarter worth $41,000. Finally, GW&K Investment Management LLC boosted its holdings in shares of HubSpot by 203.8% in the 1st quarter. GW&K Investment Management LLC now owns 79 shares of the software maker's stock valued at $45,000 after buying an additional 53 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Raymond James Financial decreased their price target on shares of HubSpot from $825.00 to $655.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Canaccord Genuity Group decreased their price target on shares of HubSpot from $765.00 to $700.00 and set a "buy" rating for the company in a report on Thursday, August 7th. Piper Sandler assumed coverage on shares of HubSpot in a report on Thursday, September 4th. They issued an "overweight" rating and a $675.00 price target for the company. UBS Group reaffirmed an "outperform" rating on shares of HubSpot in a report on Wednesday, September 3rd. Finally, Wall Street Zen raised shares of HubSpot from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $722.93.

HubSpot Trading Up 1.3%

NYSE:HUBS traded up $6.89 during mid-day trading on Friday, hitting $520.01. The stock had a trading volume of 969,482 shares, compared to its average volume of 727,262. The stock has a market capitalization of $27.40 billion, a price-to-earnings ratio of -2,260.91, a P/E/G ratio of 17.73 and a beta of 1.58. The company has a 50 day simple moving average of $494.17 and a 200-day simple moving average of $553.96. HubSpot, Inc. has a 52 week low of $418.34 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.07. The firm had revenue of $760.87 million for the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. HubSpot's quarterly revenue was up 19.4% compared to the same quarter last year. During the same period last year, the firm posted $1.94 EPS. As a group, equities research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 2,383 shares of HubSpot stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $1,314,915.57. Following the transaction, the chief executive officer owned 63,918 shares of the company's stock, valued at $35,269,313.22. The trade was a 3.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the completion of the transaction, the director directly owned 522,435 shares in the company, valued at $235,012,160.40. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,094 shares of company stock worth $25,716,404. 4.00% of the stock is currently owned by company insiders.

About HubSpot

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.