Varma Mutual Pension Insurance Co invested $9.23 million in HubSpot, Inc. (NYSE:HUBS)

Varma Mutual Pension Insurance Co acquired a new stake in shares of HubSpot, Inc. (NYSE:HUBS – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 15,650 shares of the software maker’s stock, valued at approximately $9,230,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gilbert & Cook Inc. boosted its holdings in shares of HubSpot by 60.0% during the fourth quarter. Gilbert & Cook Inc. now owns 1,965 shares of the software maker’s stock valued at $1,141,000 after purchasing an additional 737 shares in the last quarter. Private Advisor Group LLC grew its position in HubSpot by 32.6% in the 4th quarter. Private Advisor Group LLC now owns 1,227 shares of the software maker’s stock worth $712,000 after buying an additional 302 shares during the period. Lincoln National Corp raised its stake in HubSpot by 2.6% during the 4th quarter. Lincoln National Corp now owns 666 shares of the software maker’s stock valued at $387,000 after buying an additional 17 shares in the last quarter. Apollon Wealth Management LLC boosted its holdings in shares of HubSpot by 5.3% during the 4th quarter. Apollon Wealth Management LLC now owns 514 shares of the software maker’s stock valued at $298,000 after purchasing an additional 26 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of HubSpot by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 174,646 shares of the software maker’s stock valued at $101,389,000 after buying an additional 6,574 shares during the period. 90.39% of shares are currently owned by institutional investors.

Buy and Sell Inside at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total value of $4,014,295.00. Following the completion of the sale, the insider now owns 518,152 shares in the company, valued at approximately $244,707,645.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the completion of the sale, the insider now directly owns 518,152 shares in the company, valued at $244,707,645.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. Also, Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the sale, the insider now owns 9,735 shares of the company’s stock, valued at approximately $4,548,484.05. The disclosure for this sale can be found here. Insiders sold 38,012 shares of company stock worth $21,300,253 in the last quarter. Insiders own 4.50% of the company’s shares.

Changes in Analyst Ratings

HUBS has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and set a $730.00 price objective on shares of HubSpot in a research report on Thursday, August 8th. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective on the stock in a research note on Thursday, August 8th. Barclays cut their price target on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $700.00 price target on shares of HubSpot in a research report on Thursday, August 8th. Finally, Citigroup decreased their price target on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. HubSpot has an average rating of “Moderate Buy” and a consensus price target of $610.79, according to data from MarketBeat.

Get the latest report on HUBS

HubSpot inventory performance

Shares of HUBS stock opened at $494.94 on Tuesday. The firm has a fifty day moving average price of $498.55 and a 200 day moving average price of $573.05. HubSpot, Inc. it has a fifty-two week low of $407.23 and a fifty-two week high of $693.85. The firm has a market cap of $25.42 billion, a PE ratio of -186.77, a price-to-earnings-growth ratio of 3,132.37 and a beta of 1.63.

HubSpot (NYSE:HUBS – Get Your Free Report ) last announced its earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The firm had revenue of $637.20 million during the quarter, compared to analysts’ expectations of $619.28 million. In the same quarter last year, the business earned ($1.17) EPS. The company’s quarterly revenue was up 20.4% year over year. On average, equities analysts predict that HubSpot, Inc. will show 0.01 EPS for the current year.

About HubSpot

(Free report)

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for companies in the Americas, Europe and Asia Pacific. The company’s CRM platform includes Marketing Hub, a suite of tools for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and follow-up, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quotes, forecasting and reporting ; Service Hub, service software designed to help businesses manage, respond to and connect with customers; and Content Management Systems Hub enables companies to create new and edit existing web content.

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