Teacher Retirement System of Texas Increases Stock Position in HubSpot, Inc. $HUBS

Teacher Retirement System of Texas raised its holdings in HubSpot, Inc. (NYSE:HUBS) by 10.8% during the second quarter, Holdings Channel.com reports. The firm owned 10,034 shares of the software maker’s stock after purchasing an additional 981 shares during the quarter. Teacher Retirement System of Texas’ holdings in HubSpot were worth $5,585,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of HUBS. Price T Rowe Associates Inc. MD lifted its holdings in shares of HubSpot by 17.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock valued at $2,805,070,000 after buying an additional 714,980 shares during the period. Massachusetts Financial Services Co. MA raised its position in HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock worth $530,115,000 after acquiring an additional 251,853 shares in the last quarter. Vanguard Group Inc. raised its position in HubSpot by 4.0% in the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker’s stock worth $2,997,407,000 after acquiring an additional 201,994 shares in the last quarter. Nuveen LLC acquired a new position in shares of HubSpot during the 1st quarter worth $99,963,000. Finally, AQR Capital Management LLC grew its stake in shares of HubSpot by 64.2% during the 1st quarter. AQR Capital Management LLC now owns 341,957 shares of the software maker’s stock worth $191,431,000 after purchasing an additional 133,720 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Kathryn Bueker sold 615 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $500.00, for a total value of $307,500.00. Following the completion of the transaction, the chief financial officer owned 38,794 shares of the company’s stock, valued at approximately $19,397,000. The trade was a 1.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian Halligan sold 8,265 shares of the business’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $446.98, for a total transaction of $3,694,289.70. Following the completion of the transaction, the director directly owned 513,466 shares of the company’s stock, valued at $229,509,032.68. The trade was a 1.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 50,863 shares of company stock valued at $24,641,332 over the last three months. Insiders own 4.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HUBS. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $775.00 price target on shares of HubSpot in a research note on Friday, October 3rd. JPMorgan Chase & Co. decreased their price objective on shares of HubSpot from $775.00 to $675.00 and set an “overweight” rating on the stock in a report on Thursday, August 7th. Barclays reduced their price target on shares of HubSpot from $745.00 to $675.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. Raymond James Financial reduced their price target on shares of HubSpot from $825.00 to $655.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. Finally, Wells Fargo & Company started coverage on HubSpot in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $685.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $718.04.

HubSpot Price Performance

Shares of HUBS opened at $476.89 on Friday. The firm has a 50 day simple moving average of $477.38 and a 200-day simple moving average of $531.46. HubSpot, Inc. has a 1-year low of $418.34 and a 1-year high of $881.13. The stock has a market cap of $25.13 billion, a price-to-earnings ratio of -2,073.45, a price-to-earnings-growth ratio of 16.11 and a beta of 1.58.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.07. The firm had revenue of $760.87 million for the quarter, compared to analysts’ expectations of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.HubSpot’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.94 EPS. On average, equities analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

HubSpot Company Profile

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.