California Public Employees Retirement System Reduces Holdings in HubSpot, Inc. (NYSE:HUBS)

California Public Employees Retirement System cut its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,442 shares of the software maker's stock after selling 3,974 shares during the quarter. California Public Employees Retirement System owned about 0.15% of HubSpot worth $54,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker's stock valued at $745,410,000 after acquiring an additional 480,796 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of HubSpot by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker's stock worth $435,184,000 after acquiring an additional 19,974 shares during the last quarter. Bank of New York Mellon Corp grew its position in HubSpot by 3.8% in the fourth quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker's stock worth $469,987,000 after acquiring an additional 24,799 shares in the last quarter. Norges Bank bought a new position in HubSpot in the fourth quarter valued at $420,345,000. Finally, Raymond James Financial Inc. purchased a new stake in HubSpot during the fourth quarter valued at about $157,019,000. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on HubSpot from $635.00 to $725.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Wells Fargo & Company upped their target price on HubSpot from $835.00 to $940.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Morgan Stanley lifted their price target on shares of HubSpot from $835.00 to $898.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Canaccord Genuity Group upped their price objective on shares of HubSpot from $710.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Needham & Company LLC boosted their price target on shares of HubSpot from $730.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $848.58.

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Insider Activity at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the sale, the insider now owns 527,233 shares of the company's stock, valued at $320,283,502.84. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 2,382 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the transaction, the chief executive officer now directly owns 72,373 shares of the company's stock, valued at $41,536,312.16. The trade was a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,382 shares of company stock valued at $13,415,657. 4.50% of the stock is owned by insiders.

HubSpot Trading Down 5.1 %

HUBS traded down $27.00 during midday trading on Friday, reaching $500.79. The company's stock had a trading volume of 1,393,357 shares, compared to its average volume of 604,703. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The stock's 50-day moving average is $688.31 and its 200-day moving average is $661.13. The firm has a market capitalization of $26.12 billion, a price-to-earnings ratio of 5,564.93, a PEG ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

HubSpot Company 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.