California Public Employees Retirement System Trims Position in HubSpot Inc (NYSE:HUBS)

California Public Employees Retirement System lessened its stake in shares of HubSpot Inc (NYSE:HUBS) by 14.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,776 shares of the software maker’s stock after selling 14,423 shares during the quarter. California Public Employees Retirement System owned 0.22% of HubSpot worth $11,036,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HUBS. Harbour Capital Advisors LLC grew its stake in HubSpot by 1.7% during the 4th quarter. Harbour Capital Advisors LLC now owns 12,037 shares of the software maker’s stock worth $1,513,000 after buying an additional 198 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of HubSpot by 13.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,734 shares of the software maker’s stock valued at $218,000 after buying an additional 200 shares during the period. Strs Ohio lifted its holdings in shares of HubSpot by 5.2% in the 4th quarter. Strs Ohio now owns 6,100 shares of the software maker’s stock valued at $766,000 after buying an additional 300 shares during the period. CWM LLC acquired a new stake in shares of HubSpot in the 4th quarter valued at approximately $40,000. Finally, First Hawaiian Bank acquired a new position in HubSpot during the fourth quarter worth $43,000. 95.68% of the stock is currently owned by institutional investors and hedge funds.

In other HubSpot news, General Counsel John P. Kelleher sold 972 shares of the company’s stock in a transaction that occurred on Thursday, January 3rd. The stock was sold at an average price of $122.60, for a total value of $119,167.20. Following the completion of the sale, the general counsel now directly owns 39,659 shares in the company, valued at $4,862,193.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Hunter Madeley sold 1,138 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $172.75, for a total value of $196,589.50. Following the completion of the sale, the insider now owns 40,663 shares of the company’s stock, valued at $7,024,533.25. The disclosure for this sale can be found here. Insiders have sold 66,366 shares of company stock valued at $10,913,052 over the last ninety days. Corporate insiders own 9.60% of the company’s stock.

Several equities analysts recently issued reports on the company. Stephens assumed coverage on HubSpot in a report on Thursday, January 17th. They set an “overweight” rating and a $191.00 price objective for the company. Oppenheimer reissued a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. UBS Group reissued a “hold” rating on shares of HubSpot in a research report on Wednesday, February 13th. Royal Bank of Canada raised their price target on HubSpot to $167.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 13th. Finally, Guggenheim reaffirmed a “buy” rating on shares of HubSpot in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $175.31.

Shares of HUBS opened at $165.63 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.01 and a current ratio of 3.01. HubSpot Inc has a 12 month low of $101.45 and a 12 month high of $180.00. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of -162.38 and a beta of 1.91.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The business had revenue of $144.02 million for the quarter, compared to analysts’ expectations of $137.48 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The company’s revenue was up 35.2% compared to the same quarter last year. As a group, equities research analysts predict that HubSpot Inc will post -1.09 earnings per share for the current fiscal year.

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About HubSpot

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company’s software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.