Treasurer of the State of North Carolina Increases Stock Position in HubSpot, Inc. (NYSE:HUBS)

Treasurer of the State of North Carolina boosted its holdings in HubSpot, Inc. (NYSE:HUBS) by 0.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 21,487 shares of the software maker’s stock after acquiring an additional 130 shares during the quarter. Treasurer of the State of North Carolina’s holdings in HubSpot were worth $14,971,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Phoenix Financial Ltd. purchased a new position in shares of HubSpot in the fourth quarter valued at $4,137,000. APG Asset Management US Inc. purchased a new position in HubSpot during the 4th quarter valued at about $1,070,000. APG Asset Management N.V. increased its position in shares of HubSpot by 3,024.7% during the fourth quarter. APG Asset Management N.V. now owns 30,060 shares of the software maker’s stock valued at $20,227,000 after buying an additional 29,098 shares during the period. Cerity Partners LLC boosted its position in shares of HubSpot by 21.4% in the fourth quarter. Cerity Partners LLC now owns 6,569 shares of the software maker’s stock valued at $4,321,000 after acquiring an additional 1,160 shares during the period. Finally, Polymer Capital Management HK LTD purchased a new position in HubSpot during the fourth quarter valued at approximately $2,719,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

Shares of HubSpot stock opened at $527.88 on Friday. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The company’s 50 day moving average price is $652.29 and its 200-day moving average price is $659.74. The stock has a market capitalization of $27.53 billion, a price-to-earnings ratio of 5,866.02, a P/E/G ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 2,382 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the sale, the chief executive officer now owns 72,373 shares of the company’s stock, valued at $41,536,312.16. This trade represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the transaction, the insider now directly owns 527,233 shares in the company, valued at approximately $320,283,502.84. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,382 shares of company stock valued at $13,415,657 over the last ninety days. 4.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on HUBS shares. Needham & Company LLC increased their target price on shares of HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. StockNews.com lowered HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Jefferies Financial Group upped their target price on HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Bank of America lifted their price target on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, William Blair reissued an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $848.58.

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.