Ilmarinen Mutual Pension Insurance Co Purchases 3,500 Shares of HubSpot, Inc. (NYSE:HUBS)

Ilmarinen Mutual Pension Insurance Co increased its position in shares of HubSpot, Inc. (NYSE:HUBS) by 25.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,000 shares of the software maker’s stock after purchasing an additional 3,500 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in HubSpot were worth $11,845,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. raised its holdings in HubSpot by 4.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 19,419 shares of the software maker’s stock valued at $10,323,000 after acquiring an additional 772 shares during the period. B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of HubSpot during the fourth quarter worth about $1,361,000. Geode Capital Management LLC raised its stake in HubSpot by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock valued at $435,184,000 after purchasing an additional 19,974 shares during the period. Oak Harvest Investment Services purchased a new position in HubSpot in the 4th quarter worth approximately $2,065,000. Finally, Donoghue Forlines LLC purchased a new position in HubSpot in the 4th quarter worth approximately $2,049,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the sale, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the sale, the chief executive officer now directly owns 72,373 shares of the company’s stock, valued at approximately $41,536,312.16. This trade represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,382 shares of company stock worth $13,415,657 in the last three months. Corporate insiders own 4.50% of the company’s stock.

HubSpot Stock Down 5.1 %

Shares of HubSpot stock opened at $500.79 on Friday. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The company has a market capitalization of $26.12 billion, a PE ratio of 5,564.93, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. The stock’s fifty day moving average is $688.31 and its two-hundred day moving average is $659.95.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. As a group, research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on HUBS shares. Redburn Atlantic started coverage on shares of HubSpot in a research report on Wednesday, February 19th. They set a “buy” rating on the stock. Stephens began coverage on shares of HubSpot in a report on Wednesday, March 19th. They issued an “overweight” rating and a $769.00 price target on the stock. Piper Sandler boosted their price target on shares of HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Barclays upgraded HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price objective for the company in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. boosted their target price on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $848.58.

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.