Strs Ohio Acquires 14,902 Shares of HubSpot, Inc. $HUBS

Strs Ohio raised its holdings in HubSpot, Inc. (NYSE:HUBS) by 28.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 67,718 shares of the software maker’s stock after buying an additional 14,902 shares during the quarter. Strs Ohio’s holdings in HubSpot were worth $27,175,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of HubSpot by 6.4% in the third quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock valued at $2,683,659,000 after buying an additional 345,524 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of HubSpot by 32.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,935,587 shares of the software maker’s stock valued at $776,714,000 after purchasing an additional 476,740 shares in the last quarter. State Street Corp lifted its position in shares of HubSpot by 1.9% during the third quarter. State Street Corp now owns 1,148,895 shares of the software maker’s stock valued at $537,453,000 after purchasing an additional 21,358 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of HubSpot by 89.2% during the third quarter. AQR Capital Management LLC now owns 546,436 shares of the software maker’s stock valued at $255,623,000 after purchasing an additional 257,577 shares in the last quarter. Finally, Amundi lifted its position in shares of HubSpot by 57.6% during the third quarter. Amundi now owns 452,252 shares of the software maker’s stock valued at $209,660,000 after purchasing an additional 165,315 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of HubSpot from $600.00 to $350.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. JPMorgan Chase & Co. dropped their price target on shares of HubSpot from $650.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Stifel Nicolaus dropped their price target on shares of HubSpot from $375.00 to $325.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Royal Bank Of Canada reissued an “outperform” rating and set a $400.00 price target on shares of HubSpot in a research report on Thursday, April 16th. Finally, Citigroup lowered their price objective on shares of HubSpot from $368.00 to $321.00 and set a “buy” rating on the stock in a research report on Thursday. Twenty-five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $388.07.

Insider Activity

In related news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $262.75, for a total transaction of $2,233,375.00. Following the completion of the transaction, the director owned 370,558 shares of the company’s stock, valued at approximately $97,364,114.50. The trade was a 2.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Erika Ashley Fisher sold 841 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the transaction, the insider directly owned 10,119 shares of the company’s stock, valued at approximately $2,408,423.19. This represents a 7.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,483 shares of company stock valued at $6,585,062 in the last quarter. Corporate insiders own 4.00% of the company’s stock.

HubSpot Stock Up 8.3%

HUBS opened at $240.09 on Friday. The company has a market capitalization of $12.36 billion, a price-to-earnings ratio of 275.96, a PEG ratio of 3.27 and a beta of 1.23. The firm has a 50-day moving average price of $242.77 and a 200-day moving average price of $323.05. HubSpot, Inc. has a twelve month low of $187.45 and a twelve month high of $682.57.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.10. The firm had revenue of $846.75 million during 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%. The company’s revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the company earned $2.32 earnings per share. On average, sell-side analysts expect that HubSpot, Inc. will post 3.66 earnings per share 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.