Illinois Municipal Retirement Fund Reduces Stake in HubSpot, Inc. (NYSE:HUBS)

Illinois Municipal Retirement Fund lowered its stake in HubSpot, Inc. (NYSE:HUBS) by 47.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,380 shares of the software maker’s stock after selling 9,243 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in HubSpot were worth $7,232,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its stake in HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after acquiring an additional 19 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in HubSpot in the 3rd quarter valued at $25,000. Bank of Jackson Hole Trust purchased a new position in shares of HubSpot during the 4th quarter valued at $35,000. HM Payson & Co. increased its holdings in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the period. Finally, Friedenthal Financial bought a new position in shares of HubSpot in the fourth quarter worth $50,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the completion of the transaction, the chief technology officer now owns 1,272,077 shares of the company’s stock, valued at approximately $941,197,051.53. This trade represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Yamini Rangan sold 115 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the sale, the chief executive officer now directly owns 61,179 shares in the company, valued at $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,112 shares of company stock valued at $35,878,612. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HUBS shares. TD Cowen cut HubSpot from a “buy” rating to a “hold” rating and boosted their target price for the stock from $680.00 to $725.00 in a research report on Friday, January 17th. Oppenheimer boosted their price objective on HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Citigroup raised their target price on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Bank of America boosted their price target on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, BMO Capital Markets raised their price objective on shares of HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, HubSpot has an average rating of “Moderate Buy” and an average price target of $863.96.

HubSpot Price Performance

HUBS opened at $724.53 on Thursday. The firm has a market capitalization of $37.79 billion, a price-to-earnings ratio of 8,051.25, a PEG ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The business has a 50 day simple moving average of $739.38 and a two-hundred day simple moving average of $638.09.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. As a group, sell-side analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

HubSpot Profile

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.