HubSpot, Inc. (NYSE:HUBS) Shares Bought by State of Michigan Retirement System

State of Michigan Retirement System lifted its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 87.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,400 shares of the software maker's stock after purchasing an additional 49,700 shares during the quarter. State of Michigan Retirement System owned 0.21% of HubSpot worth $74,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of HUBS. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot in the third quarter worth $25,000. MassMutual Private Wealth & Trust FSB increased its position in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after buying an additional 19 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in shares of HubSpot in the fourth quarter worth about $35,000. Friedenthal Financial bought a new position in shares of HubSpot in the fourth quarter worth about $50,000. Finally, Crewe Advisors LLC boosted its stake in shares of HubSpot by 37.3% in the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker's stock worth $55,000 after acquiring an additional 28 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Buying and Selling

In other news, Director Lorrie M. Norrington sold 572 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $690.00, for a total value of $394,680.00. Following the sale, the director now directly owns 1,697 shares in the company, valued at approximately $1,170,930. This trade represents a 25.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the sale, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,997 shares of company stock valued at $35,796,526. 4.50% of the stock is owned by company insiders.

HubSpot Stock Down 1.6 %

Shares of HUBS stock traded down $10.88 on Thursday, hitting $687.46. The company had a trading volume of 64,170 shares, compared to its average volume of 502,474. The firm has a market cap of $35.85 billion, a P/E ratio of 7,631.51, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. The company has a 50-day moving average price of $738.38 and a 200-day moving average price of $645.80. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results 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 negative return on equity of 0.07% and a net margin of 0.17%. Equities research analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group upped their price objective on HubSpot from $860.00 to $900.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. UBS Group raised HubSpot from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 19th. Redburn Atlantic initiated coverage on HubSpot in a report on Wednesday, February 19th. They issued a "buy" rating for the company. Evercore ISI lifted their target price on HubSpot from $610.00 to $700.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. Finally, Barclays reissued an "equal weight" rating on shares of HubSpot in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $863.96.

About HubSpot

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.