HubSpot Inc (HUBS) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its holdings in shares of HubSpot Inc (NYSE:HUBS) by 14.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,776 shares of the software maker’s stock after selling 14,423 shares during the period. California Public Employees Retirement System owned about 0.22% of HubSpot worth $11,036,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC bought a new stake in HubSpot during the 4th quarter worth approximately $40,000. First Hawaiian Bank bought a new position in HubSpot in the 4th quarter valued at $43,000. DekaBank Deutsche Girozentrale boosted its position in HubSpot by 85.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after buying an additional 385 shares during the last quarter. Penserra Capital Management LLC bought a new position in HubSpot in the 3rd quarter valued at $160,000. Finally, Blair William & Co. IL bought a new position in HubSpot in the 3rd quarter valued at $211,000. Institutional investors and hedge funds own 95.01% of the company’s stock.

A number of brokerages have commented on HUBS. Stephens began coverage on HubSpot in a research report on Thursday, January 17th. They issued an “overweight” rating and a $191.00 price objective on the stock. Oppenheimer reiterated a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. UBS Group reiterated a “hold” rating on shares of HubSpot in a research report on Wednesday, February 13th. Royal Bank of Canada increased their price objective on HubSpot to $167.00 and gave the company a “market perform” rating in a research report on Wednesday, February 13th. Finally, Canaccord Genuity increased their price objective on HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. HubSpot has a consensus rating of “Buy” and an average target price of $170.29.

In other news, insider Hunter Madeley sold 1,138 shares of the stock in a transaction 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 transaction, the insider now owns 40,663 shares of the company’s stock, valued at approximately $7,024,533.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Dharmesh Shah sold 28,000 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $166.53, for a total value of $4,662,840.00. Following the completion of the transaction, the insider now directly owns 1,545,145 shares in the company, valued at approximately $257,312,996.85. The disclosure for this sale can be found here. In the last three months, insiders sold 75,783 shares of company stock worth $11,013,363. 9.60% of the stock is currently owned by company insiders.

HUBS stock opened at $162.19 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. The firm has a market capitalization of $6.69 billion, a PE ratio of -159.01 and a beta of 1.92. HubSpot Inc has a twelve month low of $101.45 and a twelve month high of $180.00.

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

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HubSpot Company Profile

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.