Public Employees Retirement Association of Colorado Lowers Position in HubSpot, Inc. (NYSE:HUBS)

Public Employees Retirement Association of Colorado reduced its holdings in HubSpot, Inc. (NYSE:HUBS) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,305 shares of the software maker’s stock after selling 314 shares during the quarter. Public Employees Retirement Association of Colorado owned 0.08% of HubSpot worth $26,507,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. HB Wealth Management LLC boosted its position in HubSpot by 3.5% during the fourth quarter. HB Wealth Management LLC now owns 562 shares of the software maker’s stock valued at $326,000 after buying an additional 19 shares during the period. Blue Trust Inc. increased its holdings in HubSpot by 46.4% during the 4th quarter. Blue Trust Inc. now owns 221 shares of the software maker’s stock valued at $128,000 after purchasing an additional 70 shares during the period. Caprock Group LLC bought a new position in HubSpot during the 4th quarter valued at approximately $226,000. Mirador Capital Partners LP purchased a new stake in HubSpot in the 4th quarter worth approximately $311,000. Finally, DAVENPORT & Co LLC grew its position in shares of HubSpot by 0.9% in the 4th quarter. DAVENPORT & Co LLC now owns 3,183 shares of the software maker’s stock worth $1,848,000 after buying an additional 27 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Canaccord Genuity Group dropped their target price on HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Mizuho dropped their price objective on HubSpot from $700.00 to $650.00 and set a “buy” rating for the company in a report on Thursday, May 9th. BMO Capital Markets reduced their price target on shares of HubSpot from $710.00 to $635.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Barclays reduced their price target on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $730.00 price objective on shares of HubSpot in a research note on Thursday, May 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and an average price target of $633.88.

HubSpot Price Performance

NYSE:HUBS traded up $5.64 during midday trading on Monday, hitting $498.36. 342,160 shares of the stock were exchanged, compared to its average volume of 638,105. The business has a 50-day moving average price of $563.62 and a two-hundred day moving average price of $597.17. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $25.40 billion, a price-to-earnings ratio of -185.93 and a beta of 1.60. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.27. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The firm had revenue of $617.41 million during the quarter, compared to analyst estimates of $597.12 million. Sell-side analysts predict that HubSpot, Inc. will post -0.44 EPS for the current year.

Insiders Place Their Bets

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the transaction, the insider now owns 518,152 shares in the company, valued at $244,707,645.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $586.85, for a total transaction of $14,671,250.00. Following the sale, the chief technology officer now owns 1,348,929 shares of the company’s stock, valued at $791,618,983.65. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total value of $4,014,295.00. Following the transaction, the insider now directly owns 518,152 shares of the company’s stock, valued at $244,707,645.04. The disclosure for this sale can be found here. Insiders sold a total of 46,491 shares of company stock worth $26,699,609 in the last quarter. 4.50% of the stock is currently owned by corporate insiders.

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.