AMF Tjanstepension AB Has $5.35 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

AMF Tjanstepension AB decreased its holdings in HubSpot, Inc. (NYSE:HUBS) by 24.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,541 shares of the software maker’s stock after selling 2,700 shares during the quarter. AMF Tjanstepension AB’s holdings in HubSpot were worth $5,351,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in HubSpot by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock worth $2,781,013,000 after purchasing an additional 119,999 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in HubSpot by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock valued at $1,338,012,000 after buying an additional 166,381 shares during the period. Wellington Management Group LLP increased its holdings in HubSpot by 50.3% in the 4th quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock valued at $1,088,119,000 after buying an additional 626,977 shares during the period. Jennison Associates LLC increased its holdings in HubSpot by 22.8% in the 4th quarter. Jennison Associates LLC now owns 972,957 shares of the software maker’s stock valued at $564,840,000 after buying an additional 180,822 shares during the period. Finally, Norges Bank bought a new position in HubSpot in the 4th quarter valued at about $311,236,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Trading Up 0.8 %

Shares of NYSE:HUBS opened at $590.52 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average of $601.38 and a two-hundred day moving average of $602.61. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.27. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The business had revenue of $617.41 million during the quarter, compared to analysts’ expectations of $597.12 million. On average, research analysts anticipate that HubSpot, Inc. will post -0.55 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on HUBS shares. TD Cowen decreased their price target on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Barclays cut their target price on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th. Citigroup cut their target price on shares of HubSpot from $798.00 to $767.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Wells Fargo & Company lifted their target price on shares of HubSpot from $725.00 to $750.00 and gave the stock an “overweight” rating in a research report on Monday, June 10th. Finally, Mizuho dropped their price target on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $641.00.

Insider Transactions at HubSpot

In other news, CFO Kathryn Bueker sold 3,937 shares of HubSpot stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the transaction, the chief financial officer now owns 45,737 shares in the company, valued at $28,197,317.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other HubSpot news, CEO Yamini Rangan sold 2,874 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $627.12, for a total value of $1,802,342.88. Following the completion of the sale, the chief executive officer now directly owns 74,784 shares of the company’s stock, valued at approximately $46,898,542.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathryn Bueker sold 3,937 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the completion of the transaction, the chief financial officer now owns 45,737 shares in the company, valued at $28,197,317.87. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,353 shares of company stock valued at $12,845,623. 4.50% 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.