State Board of Administration of Florida Retirement System Trims Holdings in HubSpot Inc (HUBS)

State Board of Administration of Florida Retirement System decreased its position in shares of HubSpot Inc (NYSE:HUBS) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,510 shares of the software maker’s stock after selling 271 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in HubSpot were worth $2,453,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in shares of HubSpot by 46.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 55,670 shares of the software maker’s stock worth $6,982,000 after acquiring an additional 17,640 shares in the last quarter. Bank of Montreal Can grew its position in shares of HubSpot by 34.6% in the 3rd quarter. Bank of Montreal Can now owns 19,930 shares of the software maker’s stock worth $3,009,000 after acquiring an additional 5,126 shares in the last quarter. Moody Lynn & Lieberson LLC acquired a new position in shares of HubSpot in the 3rd quarter worth approximately $634,000. Public Employees Retirement Association of Colorado grew its position in shares of HubSpot by 10.9% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 90,820 shares of the software maker’s stock worth $13,709,000 after acquiring an additional 8,900 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of HubSpot in the 3rd quarter worth approximately $452,000. 93.19% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Ronald S. Gill sold 4,133 shares of the business’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $166.92, for a total value of $689,880.36. Following the sale, the director now owns 18,207 shares of the company’s stock, valued at approximately $3,039,112.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Halligan sold 15,277 shares of the business’s stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $123.18, for a total value of $1,881,820.86. Following the completion of the sale, the chief executive officer now directly owns 680,046 shares in the company, valued at approximately $83,768,066.28. The disclosure for this sale can be found here. Insiders sold a total of 46,763 shares of company stock worth $6,156,940 in the last three months. Company insiders own 9.60% of the company’s stock.

Shares of HubSpot stock opened at $166.09 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.15 and a current ratio of 3.01. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of -162.83 and a beta of 1.92. HubSpot Inc has a 1-year low of $101.45 and a 1-year high of $180.00.

HubSpot (NYSE:HUBS) last announced its earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.54. The firm 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 revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 EPS. On average, research analysts forecast that HubSpot Inc will post -0.99 EPS for the current fiscal year.

A number of research firms recently issued reports on HUBS. Morgan Stanley reduced their price objective on HubSpot from $148.00 to $141.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 23rd. Royal Bank of Canada boosted their price objective on HubSpot from $138.00 to $147.00 and gave the company a “sector perform” rating in a research report on Thursday, November 8th. Oppenheimer boosted their price objective on HubSpot from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, November 8th. Raymond James boosted their price objective on HubSpot from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, November 8th. Finally, Zacks Investment Research restated a “hold” rating on shares of HubSpot in a research report on Tuesday, November 13th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $170.29.

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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.