HubSpot, Inc. $HUBS Stock Holdings Boosted by Strs Ohio

Strs Ohio grew its position in shares of HubSpot, Inc. (NYSE:HUBS) by 176.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 52,816 shares of the software maker’s stock after purchasing an additional 33,712 shares during the quarter. Strs Ohio owned 0.10% of HubSpot worth $24,707,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Jennison Associates LLC grew its holdings in HubSpot by 548.6% during the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after acquiring an additional 672,158 shares during the period. Norges Bank bought a new position in shares of HubSpot during the 2nd quarter valued at about $269,941,000. Neuberger Berman Group LLC grew its stake in shares of HubSpot by 166.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 321,679 shares of the software maker’s stock worth $179,055,000 after purchasing an additional 200,844 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of HubSpot by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 5,391,241 shares of the software maker’s stock worth $3,000,926,000 after purchasing an additional 144,507 shares during the last quarter. Finally, Rakuten Investment Management Inc. bought a new stake in shares of HubSpot in the 3rd quarter worth approximately $48,548,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the transaction, the director owned 487,344 shares of the company’s stock, valued at approximately $147,850,422.72. This represents a 1.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 25,735 shares of company stock worth $8,943,006. Corporate insiders own 4.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HUBS shares. Bank of America cut their target price on HubSpot from $640.00 to $515.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Piper Sandler dropped their price target on HubSpot from $675.00 to $590.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Morgan Stanley reduced their price objective on shares of HubSpot from $640.00 to $577.00 and set an “overweight” rating for the company in a research note on Thursday, January 15th. Evercore ISI set a $500.00 target price on shares of HubSpot in a report on Thursday, November 6th. Finally, Cantor Fitzgerald cut their price target on shares of HubSpot from $775.00 to $500.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $601.40.

HubSpot Stock Up 0.9%

Shares of HUBS opened at $322.27 on Friday. The firm has a market cap of $16.88 billion, a price-to-earnings ratio of -4,028.39, a price-to-earnings-growth ratio of 7.64 and a beta of 1.46. The company’s fifty day moving average is $370.22 and its 200-day moving average is $441.68. HubSpot, Inc. has a 12 month low of $300.09 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.08. The firm had revenue of $809.52 million during the quarter, compared to analysts’ expectations of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. HubSpot’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.18 earnings per share. As a group, research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

HubSpot Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.