National Pension Service Has $34.77 Million Stake in HubSpot, Inc. $HUBS

National Pension Service grew its holdings in HubSpot, Inc. (NYSE:HUBS) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,324 shares of the software maker’s stock after purchasing an additional 2,149 shares during the period. National Pension Service owned approximately 0.14% of HubSpot worth $34,769,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Arizona State Retirement System increased its stake in shares of HubSpot by 2.3% during the 3rd quarter. Arizona State Retirement System now owns 14,812 shares of the software maker’s stock worth $6,929,000 after purchasing an additional 331 shares during the last quarter. Cloud Capital Management LLC bought a new stake in shares of HubSpot in the third quarter valued at approximately $35,000. GPS Wealth Strategies Group LLC grew its stake in shares of HubSpot by 5.7% in the third quarter. GPS Wealth Strategies Group LLC now owns 522 shares of the software maker’s stock worth $244,000 after acquiring an additional 28 shares during the last quarter. Addison Capital Co grew its position in HubSpot by 4.2% in the 3rd quarter. Addison Capital Co now owns 4,240 shares of the software maker’s stock worth $1,983,000 after purchasing an additional 169 shares during the last quarter. Finally, Activest Wealth Management lifted its position in shares of HubSpot by 1,683.3% in the 3rd quarter. Activest Wealth Management now owns 107 shares of the software maker’s stock worth $50,000 after acquiring an additional 101 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total value of $2,578,730.00. Following the transaction, the director owned 487,344 shares in the company, valued at $147,850,422.72. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 25,500 shares of company stock worth $8,827,080. 4.00% of the stock is currently owned by company insiders.

HubSpot Stock Performance

Shares of HUBS stock opened at $273.66 on Tuesday. HubSpot, Inc. has a fifty-two week low of $270.46 and a fifty-two week high of $881.13. The stock’s fifty day moving average price is $362.89 and its two-hundred day moving average price is $430.87. The company has a market cap of $14.34 billion, a PE ratio of -3,420.79, a P/E/G ratio of 6.65 and a beta of 1.45.

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

Analyst Ratings Changes

A number of research analysts have issued reports on HUBS shares. BTIG Research started coverage on HubSpot in a report on Monday, January 5th. They set a “buy” rating and a $500.00 price objective for the company. Stifel Nicolaus reduced their target price on shares of HubSpot from $550.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Piper Sandler set a $400.00 price target on shares of HubSpot in a research note on Monday. BMO Capital Markets decreased their target price on HubSpot from $465.00 to $385.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Finally, Morgan Stanley decreased their price objective on HubSpot from $640.00 to $577.00 and set an “overweight” rating for the company in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $586.73.

HubSpot Company 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.