NJ State Employees Deferred Compensation Plan Has $503,000 Holdings in HubSpot Inc (HUBS)

NJ State Employees Deferred Compensation Plan grew its position in shares of HubSpot Inc (NYSE:HUBS) by 100.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,000 shares of the software maker’s stock after purchasing an additional 2,000 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in HubSpot were worth $503,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in HUBS. Capital Research Global Investors raised its holdings in HubSpot by 164.5% during the 3rd quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock worth $286,814,000 after purchasing an additional 1,181,611 shares during the last quarter. TIAA CREF Investment Management LLC raised its holdings in HubSpot by 358.0% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock worth $54,771,000 after purchasing an additional 283,609 shares during the last quarter. Vanguard Group Inc. raised its holdings in HubSpot by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,171,764 shares of the software maker’s stock worth $478,778,000 after purchasing an additional 95,762 shares during the last quarter. Vanguard Group Inc raised its holdings in HubSpot by 3.1% during the 3rd quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock worth $478,778,000 after purchasing an additional 95,762 shares during the last quarter. Finally, Federated Investors Inc. PA raised its holdings in HubSpot by 307.1% during the 3rd quarter. Federated Investors Inc. PA now owns 115,128 shares of the software maker’s stock worth $17,379,000 after purchasing an additional 86,846 shares during the last quarter. Hedge funds and other institutional investors own 93.64% of the company’s stock.

In related news, insider Hunter Madeley sold 1,000 shares of HubSpot stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $137.61, for a total value of $137,610.00. Following the completion of the sale, the insider now owns 36,797 shares of the company’s stock, valued at approximately $5,063,635.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ronald S. Gill sold 4,140 shares of HubSpot stock in a transaction on Monday, November 12th. The shares were sold at an average price of $132.54, for a total transaction of $548,715.60. Following the completion of the sale, the director now directly owns 18,214 shares of the company’s stock, valued at approximately $2,414,083.56. The disclosure for this sale can be found here. In the last three months, insiders sold 73,884 shares of company stock valued at $9,389,695. 9.60% of the stock is currently owned by insiders.

Shares of HUBS stock opened at $149.92 on Friday. The company has a market cap of $5.96 billion, a PE ratio of -146.98 and a beta of 1.80. HubSpot Inc has a 52 week low of $85.65 and a 52 week high of $162.20. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.15 and a quick ratio of 3.15.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 7th. The software maker reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.37). HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The business had revenue of $131.83 million during the quarter, compared to analyst estimates of $126.65 million. During the same period in the previous year, the business posted $0.03 EPS. The business’s revenue for the quarter was up 34.9% compared to the same quarter last year. On average, sell-side analysts expect that HubSpot Inc will post -0.98 earnings per share for the current fiscal year.

Several research analysts have issued reports on HUBS shares. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Wednesday, November 14th. Rosenblatt Securities initiated coverage on shares of HubSpot in a research report on Thursday, October 4th. They set a “buy” rating and a $170.00 price objective for the company. Oppenheimer raised their price objective on shares of HubSpot from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, November 8th. Raymond James raised their price objective on shares of HubSpot from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, November 8th. Finally, Morgan Stanley raised their price objective on shares of HubSpot from $141.00 to $146.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 8th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $152.25.

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HubSpot 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.