New York State Common Retirement Fund Has $13.59 Million Holdings in HubSpot, Inc. $HUBS

New York State Common Retirement Fund trimmed its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 18.8% during the third quarter, HoldingsChannel reports. The fund owned 29,043 shares of the software maker’s stock after selling 6,742 shares during the period. New York State Common Retirement Fund’s holdings in HubSpot were worth $13,586,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. increased its holdings in HubSpot by 5.9% during the 2nd quarter. QRG Capital Management Inc. now owns 434 shares of the software maker’s stock worth $242,000 after purchasing an additional 24 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of HubSpot by 4.7% during the second quarter. First Horizon Advisors Inc. now owns 597 shares of the software maker’s stock worth $332,000 after buying an additional 27 shares during the period. Insigneo Advisory Services LLC grew its holdings in shares of HubSpot by 6.3% during the second quarter. Insigneo Advisory Services LLC now owns 470 shares of the software maker’s stock worth $262,000 after buying an additional 28 shares in the last quarter. Asset Dedication LLC raised its position in HubSpot by 27.1% in the 2nd quarter. Asset Dedication LLC now owns 136 shares of the software maker’s stock valued at $76,000 after buying an additional 29 shares during the last quarter. Finally, Bouvel Investment Partners LLC increased its stake in HubSpot by 1.7% in the 3rd quarter. Bouvel Investment Partners LLC now owns 1,768 shares of the software maker’s stock valued at $827,000 after buying an additional 29 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total value of $2,578,730.00. Following the completion of the sale, the director directly owned 487,344 shares in the company, valued at approximately $147,850,422.72. This trade represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 25,500 shares of company stock worth $8,827,080 over the last 90 days. 4.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HUBS has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of HubSpot from $675.00 to $650.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Barclays dropped their price target on shares of HubSpot from $575.00 to $525.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Rothschild Redb cut shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Wells Fargo & Company lowered their target price on HubSpot from $685.00 to $600.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, Mizuho reduced their price target on HubSpot from $700.00 to $550.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and an average price target of $586.73.

HubSpot Price Performance

NYSE HUBS opened at $273.66 on Tuesday. The stock has a market capitalization of $14.34 billion, a P/E ratio of -3,420.79, a P/E/G ratio of 6.65 and a beta of 1.45. The business has a 50 day simple moving average of $362.89 and a 200 day simple moving average of $430.87. HubSpot, Inc. has a one year low of $270.46 and a one year high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.08. The firm had revenue of $809.52 million for the quarter, compared to analyst estimates of $786.80 million. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The company’s revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.18 earnings per share. Equities analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

HubSpot Profile

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.