Forsta AP Fonden Boosts Holdings in HubSpot, Inc. $HUBS

Forsta AP Fonden grew its position in shares of HubSpot, Inc. (NYSE:HUBS) by 101.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,600 shares of the software maker’s stock after purchasing an additional 13,400 shares during the period. Forsta AP Fonden’s holdings in HubSpot were worth $14,806,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its position in HubSpot by 1.1% during the first quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker’s stock worth $861,000 after buying an additional 16 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of HubSpot by 3.5% in the 1st quarter. Ballentine Partners LLC now owns 584 shares of the software maker’s stock valued at $334,000 after acquiring an additional 20 shares in the last quarter. Apollon Wealth Management LLC boosted its position in shares of HubSpot by 5.2% during the 1st quarter. Apollon Wealth Management LLC now owns 405 shares of the software maker’s stock valued at $231,000 after acquiring an additional 20 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of HubSpot by 5.9% during the second quarter. QRG Capital Management Inc. now owns 434 shares of the software maker’s stock worth $242,000 after purchasing an additional 24 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of HubSpot by 4.7% in the second quarter. First Horizon Advisors Inc. now owns 597 shares of the software maker’s stock worth $332,000 after purchasing an additional 27 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling

In related news, Director Brian Halligan sold 235 shares of HubSpot stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $493.30, for a total value of $115,925.50. Following the transaction, the director directly owned 513,466 shares of the company’s stock, valued at $253,292,777.80. The trade was a 0.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kathryn Bueker sold 615 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $307,500.00. Following the sale, the chief financial officer owned 38,794 shares of the company’s stock, valued at $19,397,000. This represents a 1.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 51,098 shares of company stock worth $24,757,257. Company insiders own 4.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Needham & Company LLC cut their price target on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Bank of America dropped their price objective on shares of HubSpot from $640.00 to $515.00 and set a “buy” rating for the company in a report on Thursday, November 6th. KeyCorp reduced their target price on HubSpot from $775.00 to $650.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. The Goldman Sachs Group dropped their price target on HubSpot from $717.00 to $612.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Rothschild Redb lowered HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and an average target price of $620.41.

HubSpot Stock Down 0.1%

NYSE HUBS opened at $394.57 on Thursday. The company has a 50-day simple moving average of $470.05 and a two-hundred day simple moving average of $523.62. HubSpot, Inc. has a 12-month low of $375.01 and a 12-month high of $881.13. The firm has a market cap of $20.67 billion, a price-to-earnings ratio of -4,932.16, a PEG ratio of 13.40 and a beta of 1.60.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 5th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.58 by $0.08. The firm had revenue of $809.52 million for the quarter, compared to the consensus estimate of $786.80 million. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The company’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.18 earnings per share. HubSpot has set its FY 2025 guidance at 9.600-9.620 EPS. Q4 2025 guidance at 2.970-2.990 EPS. Equities analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

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.