New York State Common Retirement Fund Sells 26,691 Shares of HubSpot, Inc. (NYSE:HUBS)

New York State Common Retirement Fund lessened its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 35.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 49,385 shares of the software maker's stock after selling 26,691 shares during the period. New York State Common Retirement Fund owned approximately 0.09% of HubSpot worth $28,213,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HUBS. Elequin Capital LP bought a new position in HubSpot in the 4th quarter valued at $27,000. Coppell Advisory Solutions LLC grew its position 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 buying an additional 22 shares in the last quarter. Aster Capital Management DIFC Ltd grew its position 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 buying an additional 32 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of HubSpot during the 4th quarter worth $36,000. Finally, Colonial Trust Co SC grew its position in shares of HubSpot by 111.1% during the 4th quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock worth $40,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Mizuho dropped their price objective on HubSpot from $900.00 to $700.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Citigroup raised their price objective on HubSpot from $750.00 to $759.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Sanford C. Bernstein initiated coverage on HubSpot in a research note on Thursday, March 20th. They issued a "market perform" rating and a $693.00 price target for the company. Needham & Company LLC restated a "buy" rating and issued a $900.00 price objective on shares of HubSpot in a research note on Friday, May 9th. Finally, 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. Four equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $761.54.

HubSpot Stock Up 1.8%

Shares of HUBS stock traded up $9.48 during mid-day trading on Friday, reaching $538.08. The stock had a trading volume of 311,686 shares, compared to its average volume of 607,944. The firm's 50 day simple moving average is $582.17 and its 200 day simple moving average is $633.40. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The firm has a market cap of $28.38 billion, a PE ratio of -1,193.91, a P/E/G ratio of 20.13 and a beta of 1.66.

Insider Buying and Selling

In related news, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $339,350.85. Following the completion of the sale, the chief financial officer owned 41,086 shares of the company's stock, valued at approximately $22,670,843.94. The trade was a 1.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the sale, the director directly owned 522,435 shares of the company's stock, valued at $283,718,775.45. The trade was a 1.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,678 shares of company stock worth $11,336,616 over the last ninety days. Company insiders own 4.50% of the company's stock.

HubSpot Company 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.