Teacher Retirement System of Texas raised 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 13F filing with the Securities and Exchange Commission. The firm owned 9,053 shares of the software maker's stock after acquiring an additional 8,596 shares during the period. Teacher Retirement System of Texas' holdings in HubSpot were worth $5,172,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of HUBS. Highview Capital Management LLC DE grew its holdings in HubSpot by 4.5% during the fourth quarter. Highview Capital Management LLC DE now owns 3,011 shares of the software maker's stock worth $2,098,000 after acquiring an additional 129 shares during the period. Jones Financial Companies Lllp boosted its position in HubSpot by 41.1% in the 4th quarter. Jones Financial Companies Lllp now owns 302 shares of the software maker's stock worth $210,000 after purchasing an additional 88 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of HubSpot by 1.3% during the 4th quarter. Victory Capital Management Inc. now owns 24,931 shares of the software maker's stock worth $17,371,000 after purchasing an additional 311 shares during the period. Atria Investments Inc increased its holdings in shares of HubSpot by 1.7% during the 4th quarter. Atria Investments Inc now owns 3,004 shares of the software maker's stock valued at $2,093,000 after purchasing an additional 51 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of HubSpot in the 4th quarter valued at $79,135,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other HubSpot news, Director Brian Halligan sold 8,500 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $548.03, for a total value of $4,658,255.00. Following the transaction, the director directly owned 523,984 shares of the company's stock, valued at $287,158,951.52. This represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Yamini Rangan sold 2,383 shares of HubSpot stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the completion of the sale, the chief executive officer directly owned 63,918 shares of the company's stock, valued at approximately $35,269,313.22. The trade was a 3.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,678 shares of company stock worth $11,298,621. 4.50% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
HUBS has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price objective on shares of HubSpot from $700.00 to $675.00 and set an "overweight" rating for the company in a report on Monday, June 9th. Jefferies Financial Group cut their price target on HubSpot from $900.00 to $700.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Scotiabank reduced their price target on HubSpot from $900.00 to $750.00 and set a "sector outperform" rating for the company in a report on Thursday, April 24th. Morgan Stanley increased their price target on HubSpot from $659.00 to $752.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, Needham & Company LLC restated a "buy" rating and issued a $900.00 price objective on shares of HubSpot in a research report on Friday, May 9th. Five research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $766.71.
View Our Latest Report on HUBS
HubSpot Stock Performance
Shares of NYSE:HUBS opened at $555.24 on Tuesday. The company has a market capitalization of $29.28 billion, a PE ratio of -1,233.87, a price-to-earnings-growth ratio of 20.38 and a beta of 1.66. The stock has a fifty day moving average of $596.88 and a 200-day moving average of $641.95. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13.
HubSpot Company Profile
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Free Report)
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.
Further Reading

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