HubSpot, Inc. (NYSE:HUBS) Shares Sold by Forsta AP Fonden

Forsta AP Fonden cut its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 15.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 10,200 shares of the software maker’s stock after selling 1,800 shares during the quarter. Forsta AP Fonden’s holdings in HubSpot were worth $6,896,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of HUBS. NN Investment Partners Holdings N.V. boosted its position in HubSpot by 3.4% during the 3rd quarter. NN Investment Partners Holdings N.V. now owns 9,046 shares of the software maker’s stock worth $6,115,000 after acquiring an additional 296 shares during the period. Teacher Retirement System of Texas increased its position in HubSpot by 24.7% in the 3rd quarter. Teacher Retirement System of Texas now owns 7,088 shares of the software maker’s stock worth $4,792,000 after purchasing an additional 1,402 shares during the last quarter. Sawtooth Solutions LLC bought a new stake in shares of HubSpot during the 3rd quarter worth about $237,000. Lord Abbett & CO. LLC boosted its stake in HubSpot by 15.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 339,772 shares of the software maker’s stock valued at $229,716,000 after purchasing an additional 44,313 shares during the period. Finally, Peregrine Asset Advisers Inc. bought a new stake in shares of HubSpot in the 3rd quarter worth approximately $2,872,000. Institutional investors own 90.34% of the company’s stock.

Shares of HUBS stock opened at $462.20 on Friday. HubSpot, Inc. has a 12 month low of $347.78 and a 12 month high of $866.00. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.46. The company has a 50 day simple moving average of $712.47 and a two-hundred day simple moving average of $687.18.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 3rd. The software maker reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.40) by $0.90. HubSpot had a negative net margin of 6.50% and a negative return on equity of 7.59%. The firm had revenue of $339.20 million during the quarter, compared to analysts’ expectations of $326.42 million. During the same period in the prior year, the company posted ($0.34) earnings per share. On average, research analysts expect that HubSpot, Inc. will post -1.49 earnings per share for the current fiscal year.

In other news, CTO Dharmesh Shah sold 22,000 shares of HubSpot stock in a transaction that occurred on Tuesday, November 16th. The shares were sold at an average price of $837.96, for a total value of $18,435,120.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brian Halligan sold 11,520 shares of HubSpot stock in a transaction that occurred on Tuesday, December 21st. The stock was sold at an average price of $646.88, for a total transaction of $7,452,057.60. The disclosure for this sale can be found here. Insiders sold a total of 64,099 shares of company stock valued at $50,177,623 in the last 90 days. Company insiders own 8.30% of the company’s stock.

A number of brokerages have commented on HUBS. Wells Fargo & Company increased their price objective on HubSpot from $835.00 to $860.00 and gave the company an “overweight” rating in a research report on Thursday, November 4th. Argus boosted their price objective on HubSpot from $930.00 to $970.00 and gave the stock a “buy” rating in a report on Friday, November 19th. Jefferies Financial Group upped their target price on HubSpot from $690.00 to $875.00 and gave the stock a “buy” rating in a research note on Wednesday, October 13th. Royal Bank of Canada upped their price target on shares of HubSpot from $610.00 to $925.00 and gave the stock an “outperform” rating in a report on Wednesday, October 13th. Finally, BMO Capital Markets upped their price target on shares of HubSpot from $800.00 to $850.00 and gave the company an “outperform” rating in a research report on Monday, November 1st. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $797.08.

HubSpot Company Profile

HubSpot, Inc develops Internet marketing software solutions. The firm operates through the following geographical segments: Americas, Europe and Asia Pacific. The company was founded by Brian Patrick Halligan and Dharmesh Shah on April 4, 2005 and is headquartered in Cambridge, MA.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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