Ilmarinen Mutual Pension Insurance Co Cuts Holdings in HubSpot, Inc. $HUBS

Ilmarinen Mutual Pension Insurance Co decreased its holdings in HubSpot, Inc. (NYSE:HUBS) by 52.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,000 shares of the software maker’s stock after selling 9,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in HubSpot were worth $4,570,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC increased its holdings in HubSpot by 1.1% in the 1st 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. WCM Investment Management LLC grew its stake in shares of HubSpot by 0.6% in the first quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker’s stock worth $1,553,000 after acquiring an additional 17 shares during the period. Yousif Capital Management LLC raised its holdings in shares of HubSpot by 3.0% during the first quarter. Yousif Capital Management LLC now owns 662 shares of the software maker’s stock valued at $378,000 after purchasing an additional 19 shares during the last quarter. Ballentine Partners LLC lifted its position in HubSpot by 3.5% during the first quarter. Ballentine Partners LLC now owns 584 shares of the software maker’s stock valued at $334,000 after purchasing an additional 20 shares during the period. Finally, Apollon Wealth Management LLC boosted its holdings in HubSpot by 5.2% in the first quarter. Apollon Wealth Management LLC now owns 405 shares of the software maker’s stock worth $231,000 after purchasing an additional 20 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

HubSpot Stock Performance

NYSE:HUBS opened at $489.99 on Thursday. The stock has a 50-day simple moving average of $500.76 and a two-hundred day simple moving average of $564.01. The firm has a market capitalization of $25.82 billion, a PE ratio of -2,130.37, a P/E/G ratio of 17.30 and a beta of 1.58. HubSpot, Inc. has a 52-week low of $418.34 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping the consensus estimate of $2.12 by $0.07. The firm had revenue of $760.87 million for the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.94 earnings per share. Equities analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

HUBS has been the subject of a number of research reports. Stifel Nicolaus decreased their target price on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research note on Monday, July 14th. Barclays cut their price objective on HubSpot from $745.00 to $675.00 and set an “overweight” rating for the company in a report on Monday, July 21st. Needham & Company LLC reissued a “buy” rating and issued a $900.00 target price on shares of HubSpot in a report on Thursday, September 4th. Wall Street Zen raised HubSpot from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Citigroup cut their price target on HubSpot from $700.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $722.93.

Insider Activity

In other news, CTO Dharmesh Shah sold 17,253 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $500.66, for a total transaction of $8,637,886.98. Following the sale, the chief technology officer directly owned 1,275,805 shares in the company, valued at $638,744,531.30. This trade represents a 1.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the completion of the transaction, the director directly owned 522,435 shares of the company’s stock, valued at $235,012,160.40. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,094 shares of company stock worth $26,069,239 over the last ninety days. Company insiders own 4.00% of the company’s stock.

HubSpot Profile

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.