Teacher Retirement System of Texas Buys 8,596 Shares of HubSpot, Inc. (NYSE:HUBS)

Teacher Retirement System of Texas grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 1,881.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,053 shares of the software maker's stock after purchasing an additional 8,596 shares during the period. Teacher Retirement System of Texas' holdings in HubSpot were worth $5,172,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in HUBS. Elequin Capital LP bought a new position in shares of HubSpot in the fourth quarter valued at $27,000. Larson Financial Group LLC boosted its stake in shares of HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after acquiring an additional 27 shares in the last quarter. Coppell Advisory Solutions LLC boosted its stake in shares of HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after acquiring an additional 22 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its stake in shares of HubSpot by 213.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after acquiring an additional 32 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of HubSpot during the 4th quarter worth $36,000. 90.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 2,383 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the transaction, the chief executive officer directly owned 63,918 shares in the company, valued at $35,269,313.22. The trade was a 3.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brian Halligan sold 8,500 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $548.03, for a total value of $4,658,255.00. Following the transaction, the director owned 523,984 shares in the company, valued at $287,158,951.52. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,678 shares of company stock valued at $11,298,621. Insiders own 4.50% of the company's stock.

HubSpot Price Performance

Shares of NYSE HUBS traded down $30.01 during trading hours on Friday, hitting $523.76. 1,233,981 shares of the company's stock were exchanged, compared to its average volume of 619,674. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The stock has a market capitalization of $27.62 billion, a price-to-earnings ratio of -1,163.91, a PEG ratio of 20.83 and a beta of 1.66. The company's 50-day moving average price is $593.36 and its 200-day moving average price is $639.70.

Analyst Ratings Changes

HUBS has been the subject of several research reports. UBS Group raised their price objective on HubSpot from $675.00 to $820.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Stifel Nicolaus set a $750.00 price objective on HubSpot in a research note on Friday, April 25th. Barclays reduced their price objective on HubSpot from $815.00 to $745.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Jefferies Financial Group reduced their price objective on HubSpot from $900.00 to $700.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, Needham & Company LLC reissued a "buy" rating and set a $900.00 price objective on shares of HubSpot in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $766.71.

About HubSpot

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.