California Public Employees Retirement System Sells 2,874 Shares of HubSpot, Inc. (NYSE:HUBS)

California Public Employees Retirement System decreased its stake in HubSpot, Inc. (NYSE:HUBS) by 3.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 83,138 shares of the software maker’s stock after selling 2,874 shares during the period. California Public Employees Retirement System’s holdings in HubSpot were worth $48,265,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in shares of HubSpot in the 4th quarter worth approximately $29,000. Venturi Wealth Management LLC boosted its stake in HubSpot by 335.7% in the fourth quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after purchasing an additional 47 shares in the last quarter. Hazlett Burt & Watson Inc. grew its holdings in shares of HubSpot by 29.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock worth $55,000 after purchasing an additional 21 shares during the last quarter. Alta Advisers Ltd acquired a new stake in shares of HubSpot in the third quarter valued at $49,000. Finally, CVA Family Office LLC bought a new position in shares of HubSpot in the fourth quarter valued at about $58,000. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Evercore ISI raised their price objective on shares of HubSpot from $625.00 to $650.00 and gave the company an “in-line” rating in a research report on Thursday, February 15th. KeyCorp started coverage on shares of HubSpot in a research report on Thursday, March 21st. They set an “underweight” rating and a $520.00 target price on the stock. TheStreet upgraded shares of HubSpot from a “d+” rating to a “c-” rating in a research report on Thursday, January 4th. Barclays upped their price objective on HubSpot from $475.00 to $600.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Finally, Stifel Nicolaus raised their price objective on HubSpot from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $642.36.

HubSpot Trading Down 0.7 %

HUBS stock opened at $631.34 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96. The stock’s fifty day simple moving average is $627.73 and its two-hundred day simple moving average is $558.66. HubSpot, Inc. has a 1-year low of $407.23 and a 1-year high of $693.85.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.22. The company had revenue of $581.91 million for the quarter, compared to analysts’ expectations of $557.48 million. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. On average, equities analysts expect that HubSpot, Inc. will post -0.98 EPS for the current year.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the sale, the insider now owns 526,041 shares in the company, valued at approximately $334,656,763.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other HubSpot news, insider Dawson Alyssa Harvey sold 1,086 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $618.25, for a total transaction of $671,419.50. Following the sale, the insider now directly owns 7,783 shares of the company’s stock, valued at $4,811,839.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the transaction, the insider now owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The disclosure for this sale can be found here. Insiders have sold a total of 22,362 shares of company stock worth $14,012,491 over the last three months. 4.90% of the stock is currently owned by insiders.

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.