California Public Employees Retirement System Sells 74,500 Shares of HubSpot Inc (HUBS)

California Public Employees Retirement System reduced its position in HubSpot Inc (NYSE:HUBS) by 37.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,900 shares of the software maker’s stock after selling 74,500 shares during the quarter. California Public Employees Retirement System owned approximately 0.33% of HubSpot worth $10,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Granahan Investment Management Inc. MA boosted its position in shares of HubSpot by 15.7% in the third quarter. Granahan Investment Management Inc. MA now owns 142,700 shares of the software maker’s stock worth $11,994,000 after purchasing an additional 19,320 shares during the period. First Allied Advisory Services Inc. bought a new position in shares of HubSpot during the third quarter worth $2,658,000. Nicholas Investment Partners LP boosted its position in shares of HubSpot by 34.8% during the third quarter. Nicholas Investment Partners LP now owns 51,760 shares of the software maker’s stock worth $4,350,000 after acquiring an additional 13,365 shares during the last quarter. Invictus RG bought a new position in shares of HubSpot during the third quarter worth $287,000. Finally, Telemark Asset Management LLC boosted its position in shares of HubSpot by 500.0% during the third quarter. Telemark Asset Management LLC now owns 120,000 shares of the software maker’s stock worth $10,086,000 after acquiring an additional 100,000 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

A number of brokerages recently weighed in on HUBS. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research report on Tuesday, January 2nd. UBS Group upped their target price on shares of HubSpot from $84.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Oppenheimer upped their target price on shares of HubSpot from $91.00 to $93.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Morgan Stanley upped their target price on shares of HubSpot from $93.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Finally, Canaccord Genuity upped their target price on shares of HubSpot from $8,398.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $85.06.

In related news, CFO John Kinzer sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $83.39, for a total value of $1,250,850.00. Following the transaction, the chief financial officer now owns 87,786 shares of the company’s stock, valued at approximately $7,320,474.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Hunter Madeley sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $87.15, for a total transaction of $87,150.00. Following the completion of the transaction, the insider now directly owns 61,926 shares in the company, valued at approximately $5,396,850.90. The disclosure for this sale can be found here. In the last three months, insiders sold 68,000 shares of company stock worth $5,843,480. Insiders own 12.10% of the company’s stock.

Shares of HubSpot Inc (NYSE:HUBS) opened at $92.65 on Friday. The stock has a market cap of $3,460.00, a price-to-earnings ratio of -79.87 and a beta of 2.30. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.55 and a current ratio of 3.55. HubSpot Inc has a 12 month low of $49.40 and a 12 month high of $93.53.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 1st. The software maker reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.15. HubSpot had a negative net margin of 12.16% and a negative return on equity of 21.93%. The business had revenue of $97.73 million for the quarter, compared to the consensus estimate of $96.50 million. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. The business’s revenue for the quarter was up 38.4% on a year-over-year basis. equities analysts forecast that HubSpot Inc will post -0.99 EPS for the current year.

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HubSpot Company Profile

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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