HubSpot, Inc. $HUBS Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its stake in HubSpot, Inc. (NYSE:HUBS) by 79.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,900 shares of the software maker’s stock after purchasing an additional 22,105 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.09% of HubSpot worth $23,343,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC lifted its stake in shares of HubSpot by 88.5% in the 1st quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock worth $897,000 after acquiring an additional 737 shares during the period. Nordea Investment Management AB lifted its position in HubSpot by 74.4% in the second quarter. Nordea Investment Management AB now owns 16,043 shares of the software maker’s stock worth $8,921,000 after purchasing an additional 6,846 shares during the period. Private Trust Co. NA boosted its stake in HubSpot by 24.2% during the 2nd quarter. Private Trust Co. NA now owns 195 shares of the software maker’s stock valued at $109,000 after purchasing an additional 38 shares in the last quarter. Mutual of America Capital Management LLC acquired a new position in shares of HubSpot during the 2nd quarter valued at $853,000. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of HubSpot by 3.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 14,966 shares of the software maker’s stock worth $8,259,000 after buying an additional 557 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Activity

In related news, Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total value of $2,578,730.00. Following the transaction, the director owned 487,344 shares in the company, valued at approximately $147,850,422.72. This represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Erika Ashley Fisher sold 841 shares of HubSpot stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the sale, the insider owned 10,119 shares of the company’s stock, valued at $2,408,423.19. This trade represents a 7.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 18,430 shares of company stock valued at $6,046,669. 4.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on HUBS. Piper Sandler lowered their target price on HubSpot from $400.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of HubSpot in a research note on Thursday, February 12th. Royal Bank Of Canada dropped their target price on shares of HubSpot from $800.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. Truist Financial decreased their target price on HubSpot from $650.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of HubSpot in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $452.70.

HubSpot Price Performance

NYSE HUBS opened at $247.00 on Wednesday. The firm has a market capitalization of $13.03 billion, a price-to-earnings ratio of 283.91, a price-to-earnings-growth ratio of 3.46 and a beta of 1.44. The company has a 50 day simple moving average of $332.22 and a 200-day simple moving average of $406.92. HubSpot, Inc. has a 52-week low of $207.20 and a 52-week high of $819.00.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.10. The firm had revenue of $846.75 million for the quarter, compared to analyst estimates of $830.65 million. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.32 EPS. On average, analysts predict that HubSpot, Inc. will post 1.01 EPS for the current year.

HubSpot 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.