HubSpot, Inc. (NYSE:HUBS) Holdings Reduced by California Public Employees Retirement System

California Public Employees Retirement System lowered its position in HubSpot, Inc. (NYSE:HUBS) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,442 shares of the software maker’s stock after selling 3,974 shares during the quarter. California Public Employees Retirement System owned about 0.15% of HubSpot worth $54,656,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Townsquare Capital LLC raised its stake in HubSpot by 93.1% during the 3rd quarter. Townsquare Capital LLC now owns 668 shares of the software maker’s stock valued at $355,000 after acquiring an additional 322 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of HubSpot during the third quarter valued at about $509,000. Captrust Financial Advisors lifted its holdings in HubSpot by 132.6% in the third quarter. Captrust Financial Advisors now owns 1,363 shares of the software maker’s stock worth $725,000 after purchasing an additional 777 shares during the period. Erste Asset Management GmbH bought a new position in HubSpot in the 3rd quarter valued at about $1,758,000. Finally, Kestra Investment Management LLC acquired a new position in HubSpot during the 3rd quarter valued at about $230,000. Institutional investors own 90.39% of the company’s stock.

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 3,057 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the transaction, the chief executive officer now owns 54,079 shares in the company, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the sale, the insider now directly owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,853 shares of company stock valued at $15,453,396. Insiders own 4.50% of the company’s stock.

HubSpot Price Performance

NYSE HUBS opened at $582.30 on Wednesday. The company has a 50 day simple moving average of $699.84 and a 200-day simple moving average of $661.33. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The firm has a market capitalization of $30.37 billion, a price-to-earnings ratio of 6,470.73, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HUBS. UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th. Jefferies Financial Group lifted their price target on HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Bank of America upped their price objective on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. Macquarie began coverage on HubSpot in a report on Monday, March 24th. They set an “outperform” rating and a $730.00 target price on the stock. Finally, William Blair reissued an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. Five 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 stock. According to MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and a consensus price target of $848.58.

HubSpot Company 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.