California State Teachers Retirement System trimmed its stake in shares of HubSpot Inc (NYSE:HUBS) by 8.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,591 shares of the software maker’s stock after selling 5,072 shares during the quarter. California State Teachers Retirement System owned about 0.15% of HubSpot worth $4,588,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the business. FMR LLC boosted its position in shares of HubSpot by 1.1% in the second quarter. FMR LLC now owns 5,481,280 shares of the software maker’s stock valued at $360,394,000 after acquiring an additional 59,473 shares during the period. Vanguard Group Inc. boosted its position in shares of HubSpot by 3.9% in the second quarter. Vanguard Group Inc. now owns 2,626,896 shares of the software maker’s stock valued at $172,718,000 after acquiring an additional 97,869 shares during the period. First Trust Advisors LP boosted its position in shares of HubSpot by 3.5% in the third quarter. First Trust Advisors LP now owns 892,071 shares of the software maker’s stock valued at $74,979,000 after acquiring an additional 30,290 shares during the period. State Street Corp boosted its position in shares of HubSpot by 17.4% in the second quarter. State Street Corp now owns 622,514 shares of the software maker’s stock valued at $40,930,000 after acquiring an additional 92,448 shares during the period. Finally, Jennison Associates LLC boosted its position in shares of HubSpot by 27.6% in the third quarter. Jennison Associates LLC now owns 539,838 shares of the software maker’s stock valued at $45,373,000 after acquiring an additional 116,861 shares during the period. 93.11% of the stock is owned by hedge funds and other institutional investors.
HubSpot Inc (HUBS) opened at $90.80 on Friday. The company has a market capitalization of $3,331.67, a PE ratio of -78.28 and a beta of 2.30. HubSpot Inc has a 52 week low of $49.35 and a 52 week high of $93.53. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.55 and a quick ratio of 3.55.
HUBS has been the subject of a number of recent research reports. Zacks Investment Research cut shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Morgan Stanley boosted their target price on shares of HubSpot from $90.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, October 23rd. UBS Group boosted their target price on shares of HubSpot from $84.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Evercore ISI began coverage on HubSpot in a research note on Friday, September 8th. They issued an “outperform” rating and a $90.00 price target for the company. Finally, Needham & Company LLC boosted their price target on HubSpot to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. HubSpot has an average rating of “Buy” and an average target price of $85.06.
In other HubSpot news, insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $81.60, for a total transaction of $81,600.00. Following the completion of the transaction, the insider now owns 59,264 shares of the company’s stock, valued at $4,835,942.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John Kinzer sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $83.39, for a total value of $1,250,850.00. Following the transaction, the chief financial officer now directly owns 87,786 shares of the company’s stock, valued at approximately $7,320,474.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,000 shares of company stock valued at $5,843,480. Insiders own 12.10% of the company’s stock.
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HubSpot Company Profile
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.
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