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

Ilmarinen Mutual Pension Insurance Co boosted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 25.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,000 shares of the software maker’s stock after purchasing an additional 3,500 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in HubSpot were worth $11,845,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HUBS. Nomura Asset Management Co. Ltd. lifted its position in shares of 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 buying an additional 772 shares during the last quarter. B.O.S.S. Retirement Advisors LLC bought a new position in shares of HubSpot during the 4th quarter worth approximately $1,361,000. Geode Capital Management LLC raised its stake in shares of HubSpot by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after acquiring an additional 19,974 shares in the last quarter. Oak Harvest Investment Services purchased a new stake in HubSpot during the fourth quarter valued at approximately $2,065,000. Finally, Donoghue Forlines LLC acquired a new stake in HubSpot in the fourth quarter valued at approximately $2,049,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the sale, the chief executive officer now owns 72,373 shares in the company, valued at $41,536,312.16. This trade represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the transaction, the insider now owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,382 shares of company stock worth $13,415,657. 4.50% of the stock is owned by corporate insiders.

HubSpot Price Performance

Shares of NYSE HUBS opened at $500.79 on Friday. The stock has a market capitalization of $26.12 billion, a price-to-earnings ratio of 5,564.93, a PEG ratio of 41.44 and a beta of 1.82. The firm’s 50 day simple moving average is $688.31 and its 200-day simple moving average is $659.95. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13.

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

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of HubSpot in a research report on Thursday, February 13th. Needham & Company LLC upped their target price on HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Mizuho raised their price target on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Barclays upgraded shares of HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price objective on the stock in a report on Wednesday, March 12th. Finally, Canaccord Genuity Group lifted their target price on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.