HubSpot, Inc. $HUBS Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its position in shares of HubSpot, Inc. (NYSE:HUBS) by 70.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,300 shares of the software maker’s stock after purchasing an additional 5,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in HubSpot were worth $6,222,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC grew its holdings in HubSpot by 88.5% in the first quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock valued at $897,000 after purchasing an additional 737 shares during the period. Atria Investments Inc raised its holdings in shares of HubSpot by 17.7% in the 2nd quarter. Atria Investments Inc now owns 3,813 shares of the software maker’s stock worth $2,122,000 after purchasing an additional 573 shares during the period. Amalgamated Bank grew its stake in HubSpot by 11.3% during the second quarter. Amalgamated Bank now owns 3,878 shares of the software maker’s stock worth $2,159,000 after buying an additional 393 shares during the period. Machina Capital S.A.S. purchased a new stake in HubSpot during the 2nd quarter worth $879,000. Finally, GPS Wealth Strategies Group LLC boosted its position in shares of HubSpot by 6.5% in the second quarter. GPS Wealth Strategies Group LLC now owns 494 shares of the software maker’s stock worth $275,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In other news, Director Brian Halligan sold 8,261 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $253.00, for a total transaction of $2,090,033.00. Following the sale, the director directly owned 481,168 shares in the company, valued at approximately $121,735,504. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Erika Ashley Fisher sold 841 shares of HubSpot stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the sale, the insider owned 10,119 shares in the company, valued at approximately $2,408,423.19. This trade represents a 7.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 26,691 shares of company stock valued at $8,136,702 over the last 90 days. 4.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HUBS shares. Jefferies Financial Group decreased their price target on HubSpot from $560.00 to $325.00 and set a “buy” rating for the company in a report on Thursday, February 12th. BTIG Research lowered their price objective on HubSpot from $500.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Rothschild & Co Redburn lowered HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Sanford C. Bernstein reissued an “outperform” rating on shares of HubSpot in a report on Thursday, February 12th. Finally, The Goldman Sachs Group reduced their price target on shares of HubSpot from $517.00 to $442.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $454.20.

HubSpot Stock Up 4.7%

Shares of NYSE:HUBS opened at $275.94 on Wednesday. The company’s fifty day moving average is $305.07 and its two-hundred day moving average is $392.43. The company has a market cap of $14.55 billion, a P/E ratio of 317.17, a price-to-earnings-growth ratio of 3.93 and a beta of 1.40. HubSpot, Inc. has a 12-month low of $207.20 and a 12-month high of $702.00.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. The company had revenue of $846.75 million during the quarter, compared to analyst estimates of $830.65 million. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the business posted $2.32 EPS. Equities research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.