New York State Common Retirement Fund Lowers Stock Position in HubSpot, Inc. (NYSE:HUBS)

New York State Common Retirement Fund lowered its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 14.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,954 shares of the software maker’s stock after selling 14,053 shares during the quarter. New York State Common Retirement Fund’s holdings in HubSpot were worth $45,693,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in HubSpot by 1,125.0% in the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after purchasing an additional 45 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of HubSpot in the 2nd quarter valued at about $35,000. HM Payson & Co. raised its stake in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after buying an additional 18 shares in the last quarter. Crewe Advisors LLC boosted its holdings in shares of HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after buying an additional 63 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of HubSpot in the first quarter valued at approximately $50,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

Shares of HUBS opened at $565.23 on Friday. The firm has a market cap of $29.02 billion, a price-to-earnings ratio of -1,046.70, a PEG ratio of 7,376.40 and a beta of 1.63. HubSpot, Inc. has a fifty-two week low of $408.62 and a fifty-two week high of $693.85. The firm has a 50 day moving average price of $524.47 and a 200-day moving average price of $547.20.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The firm had revenue of $637.20 million for the quarter, compared to analysts’ expectations of $619.28 million. During the same period in the previous year, the firm earned ($1.17) earnings per share. The business’s revenue was up 20.4% compared to the same quarter last year.

Insider Transactions at HubSpot

In other news, CFO Kathryn Bueker sold 1,136 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the completion of the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at $21,695,632.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Kathryn Bueker sold 1,136 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $597,354.24. Following the transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $21,695,632.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Yamini Rangan sold 1,374 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $755,700.00. Following the transaction, the chief executive officer now directly owns 61,294 shares of the company’s stock, valued at $33,711,700. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,937 shares of company stock worth $3,194,673 over the last three months. 4.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on HUBS. Royal Bank of Canada reissued an “outperform” rating and issued a $700.00 target price on shares of HubSpot in a report on Thursday, September 19th. Canaccord Genuity Group decreased their price objective on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Bank of America lowered their price objective on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective on the stock in a research note on Thursday, August 8th. Finally, Oppenheimer reissued an “outperform” rating and set a $625.00 price target on shares of HubSpot in a report on Thursday, September 19th. Four investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $614.33.

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.