New York State Common Retirement Fund Sells 9,878 Shares of HubSpot, Inc. (NYSE:HUBS)

New York State Common Retirement Fund decreased its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,076 shares of the software maker's stock after selling 9,878 shares during the period. New York State Common Retirement Fund owned approximately 0.15% of HubSpot worth $53,007,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of HUBS. Wellington Management Group LLP boosted its stake in HubSpot by 52.2% during the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker's stock worth $745,410,000 after buying an additional 480,796 shares in the last quarter. Geode Capital Management LLC boosted its stake in HubSpot by 2.5% during the third quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker's stock worth $435,184,000 after buying an additional 19,974 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in HubSpot by 17.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker's stock worth $303,689,000 after buying an additional 86,688 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in HubSpot by 8.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker's stock worth $280,186,000 after buying an additional 40,138 shares in the last quarter. Finally, Holocene Advisors LP boosted its stake in HubSpot by 17.5% during the third quarter. Holocene Advisors LP now owns 319,767 shares of the software maker's stock worth $169,988,000 after buying an additional 47,736 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 115 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total value of $6,202,025.00. Following the completion of the transaction, the insider now owns 513,698 shares of the company's stock, valued at $374,819,745.70. This represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 48,112 shares of company stock worth $35,878,612. 4.50% of the stock is owned by company insiders.

HubSpot Price Performance

Shares of HubSpot stock traded down $21.57 during trading on Friday, hitting $726.43. 821,210 shares of the company were exchanged, compared to its average volume of 567,920. The firm has a market capitalization of $37.88 billion, a P/E ratio of 8,072.32, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The firm's fifty day moving average price is $739.92 and its 200 day moving average price is $632.79.

HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) 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, equities research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. The Goldman Sachs Group lifted their price objective on HubSpot from $783.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, February 13th. StockNews.com raised HubSpot from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Citigroup lifted their price objective on HubSpot from $750.00 to $900.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Mizuho lifted their price objective on HubSpot from $725.00 to $775.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Finally, William Blair reissued an "outperform" rating on shares of HubSpot in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, HubSpot currently has an average rating of "Moderate Buy" and a consensus price target of $863.96.

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.