457 Shares in HubSpot, Inc. (NYSE:HUBS) Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 457 shares of the software maker's stock, valued at approximately $318,000.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC boosted its stake in shares of HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after purchasing an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings 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 during the period. Wilmington Savings Fund Society FSB bought a new stake in HubSpot during the 3rd quarter valued at approximately $25,000. Bank of Jackson Hole Trust purchased a new position in shares of HubSpot during the 4th quarter worth approximately $35,000. Finally, Friedenthal Financial bought a new position in shares of HubSpot in the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

HubSpot Stock Performance

HubSpot stock traded down $27.00 during trading hours on Friday, hitting $500.79. The company had a trading volume of 1,393,357 shares, compared to its average volume of 604,703. The firm has a market cap of $26.12 billion, a P/E ratio of 5,564.93, a P/E/G ratio of 41.44 and a beta of 1.82. The company has a 50-day moving average price of $688.31 and a two-hundred day moving average price of $661.13. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13.

Remove Ads

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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 EPS for the current year.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 2,382 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was 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 in the company, valued at $41,536,312.16. The trade was a 3.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the sale, the insider now owns 527,233 shares in the company, valued at $320,283,502.84. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,382 shares of company stock worth $13,415,657 in the last three months. 4.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on HUBS. KeyCorp raised shares of HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price objective on the stock in a research note on Thursday, February 13th. Piper Sandler upped their price target on HubSpot from $640.00 to $808.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Citigroup lifted their price objective on HubSpot from $750.00 to $900.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Bank of America increased their target price on HubSpot from $780.00 to $850.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Finally, Stifel Nicolaus lifted their price target on HubSpot from $880.00 to $925.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, HubSpot presently has a consensus rating of "Moderate Buy" and a consensus price target of $848.58.

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.