National Pension Service Purchases 2,149 Shares of HubSpot, Inc. $HUBS

National Pension Service grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,324 shares of the software maker’s stock after purchasing an additional 2,149 shares during the quarter. National Pension Service’s holdings in HubSpot were worth $34,769,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Goodman Advisory Group LLC bought a new position in shares of HubSpot during the 2nd quarter worth $27,000. Whittier Trust Co. boosted its position in HubSpot by 136.4% during the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after purchasing an additional 30 shares during the period. Rakuten Securities Inc. increased its stake in shares of HubSpot by 783.3% in the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after purchasing an additional 47 shares in the last quarter. Hilltop National Bank bought a new stake in shares of HubSpot in the second quarter valued at approximately $32,000. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of HubSpot during the 2nd quarter valued at approximately $34,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Down 2.3%

NYSE:HUBS opened at $273.66 on Tuesday. The stock has a market cap of $14.34 billion, a price-to-earnings ratio of -3,420.79, a PEG ratio of 6.65 and a beta of 1.45. The company’s 50 day moving average price is $362.89 and its 200-day moving average price is $430.87. HubSpot, Inc. has a 52 week low of $270.46 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, beating the consensus estimate of $2.58 by $0.08. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The company had revenue of $809.52 million for the quarter, compared to analysts’ expectations of $786.80 million. During the same period last year, the firm posted $2.18 earnings per share. HubSpot’s revenue was up 20.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the completion of the transaction, the director directly owned 487,344 shares in the company, valued at approximately $147,850,422.72. This represents a 1.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 25,500 shares of company stock worth $8,827,080 over the last three months. 4.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HUBS has been the topic of several research analyst reports. Morgan Stanley decreased their price target on shares of HubSpot from $640.00 to $577.00 and set an “overweight” rating on the stock in a report on Thursday, January 15th. Canaccord Genuity Group decreased their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. The Goldman Sachs Group dropped their price objective on HubSpot from $612.00 to $517.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Evercore ISI set a $500.00 target price on shares of HubSpot in a report on Thursday, November 6th. Finally, Oppenheimer lowered their price target on shares of HubSpot from $750.00 to $550.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $586.73.

HubSpot Company Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.