Teachers Retirement System of The State of Kentucky Buys 5,500 Shares of HubSpot, Inc. $HUBS

Teachers Retirement System of The State of Kentucky lifted its position in shares of HubSpot, Inc. (NYSE:HUBS) by 70.5% in the third quarter, HoldingsChannel reports. The fund owned 13,300 shares of the software maker’s stock after buying an additional 5,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in HubSpot were worth $6,222,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fifth Third Bancorp increased its stake in HubSpot by 2.5% in the third quarter. Fifth Third Bancorp now owns 1,076 shares of the software maker’s stock valued at $503,000 after purchasing an additional 26 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of HubSpot by 4.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 597 shares of the software maker’s stock valued at $332,000 after purchasing an additional 27 shares during the period. Insigneo Advisory Services LLC boosted its position in HubSpot by 6.3% during the 2nd quarter. Insigneo Advisory Services LLC now owns 470 shares of the software maker’s stock worth $262,000 after acquiring an additional 28 shares during the last quarter. GPS Wealth Strategies Group LLC grew its position in HubSpot by 5.7% in the third quarter. GPS Wealth Strategies Group LLC now owns 522 shares of the software maker’s stock valued at $244,000 after purchasing an additional 28 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of HubSpot by 9.1% in the 3rd quarter. Bessemer Group Inc. now owns 335 shares of the software maker’s stock valued at $156,000 after acquiring an additional 28 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Activity

In other HubSpot news, Director Brian Halligan sold 8,500 shares of HubSpot 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 completion of the transaction, the director owned 487,344 shares in the company, valued at approximately $147,850,422.72. The trade was a 1.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Erika Ashley Fisher sold 841 shares of HubSpot stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total value of $200,166.41. Following the transaction, the insider directly owned 10,119 shares in the company, valued at approximately $2,408,423.19. The trade was a 7.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 26,691 shares of company stock worth $8,136,702. 4.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Needham & Company LLC decreased their price objective on shares of HubSpot from $700.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Argus lowered their price target on shares of HubSpot from $650.00 to $525.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Wall Street Zen raised HubSpot from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. The Goldman Sachs Group decreased their target price on shares of HubSpot from $517.00 to $442.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Finally, Wells Fargo & Company decreased their price target on HubSpot from $600.00 to $350.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $454.20.

HubSpot Stock Up 4.7%

HUBS opened at $275.94 on Wednesday. The stock has a market cap of $14.55 billion, a PE ratio of 317.17, a price-to-earnings-growth ratio of 3.93 and a beta of 1.40. The company has a fifty day moving average of $305.07 and a 200-day moving average of $392.43. HubSpot, Inc. has a twelve month low of $207.20 and a twelve month high of $702.00.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. The company had revenue of $846.75 million for the quarter, compared to the consensus estimate of $830.65 million. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. HubSpot’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.32 EPS. Sell-side analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

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.