HubSpot, Inc. (NYSE:HUBS) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System cut its stake in HubSpot, Inc. (NYSE:HUBS) by 6.0% in the fourth quarter, Holdings Channel reports. The fund owned 2,609 shares of the software maker’s stock after selling 168 shares during the period. Maryland State Retirement & Pension System’s holdings in HubSpot were worth $1,818,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HUBS. Quest Partners LLC increased its stake in shares of HubSpot by 125.6% in the 3rd quarter. Quest Partners LLC now owns 871 shares of the software maker’s stock worth $463,000 after acquiring an additional 485 shares during the last quarter. Caprock Group LLC increased its position in shares of HubSpot by 16.8% during the 3rd quarter. Caprock Group LLC now owns 673 shares of the software maker’s stock worth $358,000 after purchasing an additional 97 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of HubSpot during the 3rd quarter worth about $1,706,000. Commerce Bank increased its position in shares of HubSpot by 16.0% during the 3rd quarter. Commerce Bank now owns 6,633 shares of the software maker’s stock worth $3,526,000 after purchasing an additional 917 shares during the last quarter. Finally, Moran Wealth Management LLC increased its position in shares of HubSpot by 70.4% during the 3rd quarter. Moran Wealth Management LLC now owns 1,285 shares of the software maker’s stock worth $683,000 after purchasing an additional 531 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HUBS shares. Raymond James raised their price objective on HubSpot from $750.00 to $980.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. The Goldman Sachs Group raised their price objective on HubSpot from $783.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Citigroup raised their price objective on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. KeyCorp raised HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective for the company in a research report on Thursday, February 13th. Finally, William Blair restated an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $853.32.

HubSpot Stock Up 1.1 %

HUBS stock opened at $604.89 on Friday. The business has a 50 day moving average price of $715.33 and a 200 day moving average price of $654.03. The stock has a market cap of $31.55 billion, a price-to-earnings ratio of 6,721.75, a PEG ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

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

Insiders Place Their Bets

In other news, CFO Kathryn Bueker sold 1,796 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $1,260,055.64. Following the transaction, the chief financial officer now owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. The trade was a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the transaction, the insider now directly owns 527,233 shares in the company, valued at approximately $320,283,502.84. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,425 shares of company stock valued at $15,866,151 over the last quarter. Company insiders own 4.50% of the company’s stock.

HubSpot 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.