Handelsbanken Fonder AB grew its stake in shares of HubSpot, Inc. (NYSE:HUBS – Get Rating) by 60.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,735 shares of the software maker’s stock after purchasing an additional 2,535 shares during the period. Handelsbanken Fonder AB’s holdings in HubSpot were worth $1,947,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Huntington National Bank lifted its stake in HubSpot by 173.1% during the third quarter. Huntington National Bank now owns 355 shares of the software maker’s stock valued at $96,000 after buying an additional 225 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of HubSpot by 77.3% in the 4th quarter. AE Wealth Management LLC now owns 31,209 shares of the software maker’s stock valued at $9,023,000 after acquiring an additional 13,609 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its position in shares of HubSpot by 14.2% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 5,299 shares of the software maker’s stock valued at $1,431,000 after acquiring an additional 659 shares in the last quarter. Veriti Management LLC boosted its stake in HubSpot by 15.0% in the 4th quarter. Veriti Management LLC now owns 968 shares of the software maker’s stock worth $280,000 after purchasing an additional 126 shares during the period. Finally, Spouting Rock Asset Management LLC grew its position in HubSpot by 17.1% during the 3rd quarter. Spouting Rock Asset Management LLC now owns 5,346 shares of the software maker’s stock worth $1,444,000 after purchasing an additional 780 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.
HubSpot Stock Up 7.4 %
NYSE:HUBS opened at $448.85 on Friday. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.46. HubSpot, Inc. has a one year low of $245.03 and a one year high of $468.88. The company has a fifty day moving average price of $406.29 and a 200 day moving average price of $342.28.
Wall Street Analyst Weigh In
Several brokerages have recently commented on HUBS. Piper Sandler reaffirmed an “overweight” rating and issued a $450.00 target price on shares of HubSpot in a research report on Monday, March 6th. StockNews.com assumed coverage on HubSpot in a research report on Thursday, March 16th. They set a “hold” rating for the company. Raymond James upped their target price on HubSpot from $360.00 to $500.00 and gave the company a “strong-buy” rating in a report on Friday, February 17th. Oppenheimer raised their price target on shares of HubSpot from $375.00 to $450.00 and gave the stock an “outperform” rating in a report on Tuesday, February 21st. Finally, Morgan Stanley upped their price objective on shares of HubSpot from $447.00 to $466.00 and gave the company an “overweight” rating in a research note on Tuesday, March 21st. Three analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $428.04.
Insider Transactions at HubSpot
In related news, CFO Kathryn Bueker sold 710 shares of the firm’s stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $424.80, for a total value of $301,608.00. Following the completion of the transaction, the chief financial officer now directly owns 41,124 shares of the company’s stock, valued at $17,469,475.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Kathryn Bueker sold 710 shares of the firm’s stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $424.80, for a total transaction of $301,608.00. Following the completion of the transaction, the chief financial officer now directly owns 41,124 shares of the company’s stock, valued at approximately $17,469,475.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $422.65, for a total transaction of $3,592,525.00. Following the completion of the sale, the insider now directly owns 613,350 shares in the company, valued at approximately $259,232,377.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,710 shares of company stock valued at $7,233,358. 5.60% of the stock is owned by corporate insiders.
HubSpot Company Profile
HubSpot, Inc engages in cloud-based customer relationship management. Its platform includes marketing, sales, service, operations and content management system, as well as other tools, integrations and a native payment solutions. It operates through the following geographical segments: Americas, Europe and Asia Pacific.
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