HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 12.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,323 shares of the software maker’s stock after acquiring an additional 2,425 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in HubSpot were worth $12,959,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of HubSpot by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,670,391 shares of the software maker’s stock valued at $2,300,168,000 after acquiring an additional 41,689 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of HubSpot by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock worth $1,338,012,000 after purchasing an additional 166,381 shares in the last quarter. Wellington Management Group LLP increased its position in HubSpot by 26.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,247,345 shares of the software maker’s stock valued at $614,317,000 after acquiring an additional 257,632 shares in the last quarter. Jennison Associates LLC increased its position in HubSpot by 22.8% in the 4th quarter. Jennison Associates LLC now owns 972,957 shares of the software maker’s stock valued at $564,840,000 after acquiring an additional 180,822 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of HubSpot by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 799,174 shares of the software maker’s stock worth $393,593,000 after buying an additional 12,109 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HUBS. Piper Sandler reissued an “overweight” rating and set a $675.00 price objective on shares of HubSpot in a research note on Friday, April 5th. Stifel Nicolaus boosted their target price on shares of HubSpot from $700.00 to $750.00 and gave the stock a “buy” rating in a report on Monday, April 8th. TheStreet upgraded shares of HubSpot from a “d+” rating to a “c-” rating in a report on Thursday, January 4th. Canaccord Genuity Group boosted their target price on shares of HubSpot from $700.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, Royal Bank of Canada boosted their target price on shares of HubSpot from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $642.36.

HubSpot Price Performance

HUBS traded up $6.40 during midday trading on Tuesday, hitting $639.44. The stock had a trading volume of 334,182 shares, compared to its average volume of 484,848. HubSpot, Inc. has a 1 year low of $399.48 and a 1 year high of $693.85. The business has a fifty day moving average of $625.44 and a 200 day moving average of $555.27. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.35.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.22. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. The firm had revenue of $581.91 million for the quarter, compared to analyst estimates of $557.48 million. Equities research analysts forecast that HubSpot, Inc. will post -0.98 EPS for the current year.

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 8,817 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $620.00, for a total transaction of $5,466,540.00. Following the sale, the chief executive officer now owns 88,977 shares in the company, valued at approximately $55,165,740. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Yamini Rangan sold 8,817 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $620.00, for a total value of $5,466,540.00. Following the sale, the chief executive officer now owns 88,977 shares in the company, valued at approximately $55,165,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dawson Alyssa Harvey sold 969 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $610.00, for a total value of $591,090.00. Following the transaction, the insider now directly owns 7,225 shares of the company’s stock, valued at approximately $4,407,250. The disclosure for this sale can be found here. Insiders have sold 22,362 shares of company stock worth $14,012,491 over the last ninety days. 4.90% of the stock is owned by corporate insiders.

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.