HubSpot, Inc. (NYSE:HUBS) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 8.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 88,645 shares of the software maker’s stock after selling 8,421 shares during the quarter. New York State Common Retirement Fund’s holdings in HubSpot were worth $51,462,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Rakuten Securities Inc. bought a new position in HubSpot during the fourth quarter valued at about $29,000. Venturi Wealth Management LLC boosted its stake in HubSpot by 335.7% during the fourth quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after buying an additional 47 shares in the last quarter. Alta Advisers Ltd bought a new position in HubSpot during the third quarter valued at about $49,000. Hazlett Burt & Watson Inc. boosted its stake in HubSpot by 29.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock valued at $55,000 after buying an additional 21 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in HubSpot by 50.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 116 shares of the software maker’s stock valued at $57,000 after buying an additional 39 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the sale, the insider now owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Yamini Rangan sold 2,874 shares of HubSpot stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $627.12, for a total transaction of $1,802,342.88. Following the sale, the chief executive officer now owns 74,784 shares of the company’s stock, valued at approximately $46,898,542.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the sale, the insider now directly owns 526,041 shares in the company, valued at approximately $334,656,763.38. The disclosure for this sale can be found here. Insiders have sold 22,362 shares of company stock valued at $14,012,491 in the last 90 days. 4.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

HUBS has been the subject of a number of recent analyst reports. William Blair reiterated an “outperform” rating on shares of HubSpot in a research report on Thursday, February 15th. Royal Bank of Canada raised their price objective on HubSpot from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Truist Financial raised their price objective on HubSpot from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Barclays raised their price objective on HubSpot from $475.00 to $600.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Finally, Canaccord Genuity Group raised their price objective on HubSpot from $700.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $642.36.

HubSpot Stock Up 3.0 %

Shares of HUBS stock opened at $651.77 on Wednesday. The stock’s 50 day simple moving average is $626.40 and its 200 day simple moving average is $556.45. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96. HubSpot, Inc. has a twelve month low of $399.48 and a twelve month high of $693.85. The company has a market capitalization of $33.03 billion, a price-to-earnings ratio of -183.60 and a beta of 1.58.

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, beating 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 business had revenue of $581.91 million for the quarter, compared to the consensus estimate of $557.48 million. As a group, research analysts predict that HubSpot, Inc. will post -0.98 EPS for the current year.

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.