Illinois Municipal Retirement Fund Purchases 1,235 Shares of HubSpot, Inc. (NYSE:HUBS)

Illinois Municipal Retirement Fund increased its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 11.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,615 shares of the software maker's stock after buying an additional 1,235 shares during the quarter. Illinois Municipal Retirement Fund's holdings in HubSpot were worth $6,636,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in HUBS. Farther Finance Advisors LLC grew its position in HubSpot by 5.4% in the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock valued at $178,000 after acquiring an additional 13 shares in the last quarter. Wedbush Securities Inc. increased its stake in HubSpot by 3.4% during the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock worth $274,000 after buying an additional 13 shares during the period. Amalgamated Bank lifted its holdings in HubSpot by 0.5% in the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock worth $2,271,000 after buying an additional 16 shares in the last quarter. Summit Global Investments boosted its position in HubSpot by 1.4% in the 4th quarter. Summit Global Investments now owns 1,275 shares of the software maker's stock valued at $889,000 after buying an additional 17 shares during the last quarter. Finally, Erste Asset Management GmbH grew its stake in shares of HubSpot by 0.6% during the fourth quarter. Erste Asset Management GmbH now owns 3,299 shares of the software maker's stock valued at $2,336,000 after acquiring an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

HubSpot Price Performance

Shares of HubSpot stock traded up $7.56 during midday trading on Monday, hitting $558.19. The company had a trading volume of 522,208 shares, compared to its average volume of 625,510. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The business's 50 day simple moving average is $599.31 and its two-hundred day simple moving average is $648.95. The stock has a market cap of $29.44 billion, a PE ratio of -1,240.42, a P/E/G ratio of 20.01 and a beta of 1.70.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 2,382 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 72,373 shares in the company, valued at approximately $41,536,312.16. The trade was a 3.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $548.03, for a total transaction of $4,658,255.00. Following the sale, the director owned 523,984 shares in the company, valued at $287,158,951.52. This trade represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,062 shares of company stock valued at $11,011,432 in the last three months. 4.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HUBS. Wall Street Zen downgraded shares of HubSpot from a "buy" rating to a "hold" rating in a research report on Sunday, June 15th. BNP Paribas began coverage on shares of HubSpot in a report on Tuesday, April 22nd. They set an "outperform" rating and a $700.00 price objective for the company. Citigroup upped their target price on shares of HubSpot from $750.00 to $759.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Raymond James Financial reissued an "outperform" rating and issued a $825.00 price objective (down from $980.00) on shares of HubSpot in a report on Friday, May 9th. Finally, BMO Capital Markets lowered their price target on HubSpot from $885.00 to $745.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, HubSpot presently has a consensus rating of "Moderate Buy" and an average price target of $766.71.

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.