Nordea Investment Management AB Has $23.68 Million Position in HubSpot, Inc. (NYSE:HUBS)

Nordea Investment Management AB increased its holdings in shares of HubSpot, Inc. (NYSE:HUBSGet Rating) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,773 shares of the software maker’s stock after acquiring an additional 2,285 shares during the quarter. Nordea Investment Management AB owned about 0.10% of HubSpot worth $23,680,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HUBS. Guggenheim Capital LLC increased its holdings in shares of HubSpot by 15.9% during the 3rd quarter. Guggenheim Capital LLC now owns 1,494 shares of the software maker’s stock worth $1,010,000 after acquiring an additional 205 shares during the last quarter. Eaton Vance Management boosted its stake in HubSpot by 14.0% in the 3rd quarter. Eaton Vance Management now owns 784 shares of the software maker’s stock valued at $463,000 after purchasing an additional 96 shares during the period. MML Investors Services LLC boosted its stake in HubSpot by 127.2% in the 3rd quarter. MML Investors Services LLC now owns 1,277 shares of the software maker’s stock valued at $863,000 after purchasing an additional 715 shares during the period. Millennium Management LLC boosted its stake in HubSpot by 2.8% in the 3rd quarter. Millennium Management LLC now owns 31,849 shares of the software maker’s stock valued at $21,533,000 after purchasing an additional 879 shares during the period. Finally, LPL Financial LLC boosted its stake in HubSpot by 84.2% in the 3rd quarter. LPL Financial LLC now owns 16,643 shares of the software maker’s stock valued at $11,252,000 after purchasing an additional 7,606 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE HUBS opened at $303.92 on Thursday. The company has a market capitalization of $14.52 billion, a P/E ratio of -221.84 and a beta of 1.70. HubSpot, Inc. has a 52-week low of $278.49 and a 52-week high of $866.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.25 and a current ratio of 2.25. The company’s 50 day moving average price is $352.61 and its 200-day moving average price is $466.19.

HubSpot (NYSE:HUBSGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The software maker reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.17. The firm had revenue of $395.60 million for the quarter, compared to the consensus estimate of $383.05 million. HubSpot had a negative net margin of 4.52% and a negative return on equity of 7.33%. The company’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.29) EPS. Analysts forecast that HubSpot, Inc. will post -1.94 earnings per share for the current year.

In related news, CFO Kathryn Bueker sold 200 shares of the business’s stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $467.01, for a total transaction of $93,402.00. Following the transaction, the chief financial officer now owns 38,629 shares in the company, valued at approximately $18,040,129.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 874 shares of the business’s stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $450.00, for a total transaction of $393,300.00. Following the transaction, the chief executive officer now owns 59,650 shares in the company, valued at approximately $26,842,500. The disclosure for this sale can be found here. Insiders sold a total of 16,074 shares of company stock worth $5,315,182 in the last 90 days. Corporate insiders own 6.00% of the company’s stock.

HUBS has been the subject of several recent research reports. Morgan Stanley reduced their price target on HubSpot from $645.00 to $539.00 and set an “overweight” rating for the company in a research note on Friday, May 6th. Cowen reduced their price target on HubSpot from $750.00 to $700.00 in a research note on Thursday, April 21st. Needham & Company LLC cut their target price on HubSpot from $700.00 to $500.00 in a research report on Friday, May 6th. UBS Group decreased their price target on HubSpot from $675.00 to $450.00 in a research report on Friday, May 6th. Finally, Scotiabank assumed coverage on shares of HubSpot in a research report on Thursday, June 9th. They set an “outperform” rating and a $550.00 price objective for the company. Three research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and an average price target of $645.40.

HubSpot Profile (Get Rating)

HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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