Nordea Investment Management AB Raises Position in HubSpot, Inc. (HUBS)

Nordea Investment Management AB increased its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,931 shares of the software maker’s stock after buying an additional 1,162 shares during the period. Nordea Investment Management AB owned 0.08% of HubSpot worth $2,516,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Great Lakes Advisors LLC bought a new stake in HubSpot during the 2nd quarter worth about $877,000. State Street Corp raised its holdings in HubSpot by 17.4% during the 2nd quarter. State Street Corp now owns 622,514 shares of the software maker’s stock worth $40,930,000 after purchasing an additional 92,448 shares during the last quarter. CI Global Investments Inc. bought a new stake in HubSpot during the 2nd quarter worth about $2,959,000. Royce & Associates LP raised its holdings in HubSpot by 20.5% during the 2nd quarter. Royce & Associates LP now owns 53,000 shares of the software maker’s stock worth $3,485,000 after purchasing an additional 9,000 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in HubSpot during the 2nd quarter worth about $1,936,000. Institutional investors and hedge funds own 93.23% of the company’s stock.

In related news, insider Dharmesh Shah sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the transaction, the insider now directly owns 1,716,316 shares in the company, valued at approximately $126,320,857.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Kinzer sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $78.75, for a total value of $787,500.00. Following the completion of the transaction, the chief financial officer now owns 85,947 shares of the company’s stock, valued at $6,768,326.25. The disclosure for this sale can be found here. Insiders sold a total of 71,000 shares of company stock valued at $5,719,930 over the last quarter. 12.10% of the stock is owned by insiders.

Shares of HubSpot, Inc. (HUBS) traded down $3.85 on Tuesday, hitting $77.35. The company had a trading volume of 1,146,300 shares, compared to its average volume of 425,080. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.55 and a quick ratio of 3.55. HubSpot, Inc. has a 1-year low of $44.90 and a 1-year high of $88.50.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 1st. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.15. HubSpot had a negative return on equity of 21.93% and a negative net margin of 12.16%. The business had revenue of $97.73 million during the quarter, compared to analyst estimates of $96.50 million. During the same period in the previous year, the firm earned ($0.05) EPS. HubSpot’s quarterly revenue was up 38.4% compared to the same quarter last year. equities analysts forecast that HubSpot, Inc. will post -0.99 EPS for the current year.

Several brokerages have weighed in on HUBS. UBS reissued a “buy” rating and set a $93.00 price objective on shares of HubSpot in a report on Thursday, November 2nd. Needham & Company LLC upped their price target on HubSpot to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Canaccord Genuity upped their price target on HubSpot from $8,398.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Morgan Stanley upped their price target on HubSpot from $93.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Finally, Oppenheimer upped their price target on HubSpot from $91.00 to $93.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $84.82.

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HubSpot Profile

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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