New York State Common Retirement Fund Sells 6,742 Shares of HubSpot, Inc. $HUBS

Key Points

• New York State Common Retirement Fund trimmed its HubSpot stake by 18.8%, selling 6,742 shares in Q3 and ending the period with 29,043 shares worth about $13.59 million (≈0.06% of the company).
• Q3 results topped expectations—EPS $2.66 and revenue $809.5M (up 20.9% year‑over‑year)—but the stock remains far below its 52‑week high and several analysts have lowered price targets, leaving a consensus "Moderate Buy" with an average target of $586.73.
• Insider and institutional activity: Director Brian Halligan sold 8,500 shares in January and insiders have sold 25,500 shares in the past 90 days (insiders own 4%), while institutional ownership is high at about 90.39%.

New York State Common Retirement Fund lessened its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 18.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,043 shares of the software maker's stock after selling 6,742 shares during the quarter. New York State Common Retirement Fund owned 0.06% of HubSpot worth $13,586,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Exane Asset Management bought a new position in shares of HubSpot during the third quarter valued at $30,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its position in HubSpot by 20.0% in the third quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 9,000 shares of the software maker's stock valued at $4,210,000 after buying an additional 1,500 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in HubSpot by 46.7% during the third quarter. Mutual of America Capital Management LLC now owns 2,249 shares of the software maker's stock worth $1,052,000 after buying an additional 716 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of HubSpot by 111.5% during the third quarter. Whittier Trust Co. now owns 110 shares of the software maker's stock worth $50,000 after buying an additional 58 shares in the last quarter. Finally, GDS Wealth Management raised its stake in shares of HubSpot by 16.0% in the third quarter. GDS Wealth Management now owns 19,482 shares of the software maker's stock valued at $9,114,000 after acquiring an additional 2,686 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

HubSpot Price Performance

HubSpot stock opened at $273.66 on Tuesday. HubSpot, Inc. has a fifty-two week low of $270.46 and a fifty-two week high of $881.13. The firm has a market capitalization of $14.34 billion, a price-to-earnings ratio of -3,420.79, a PEG ratio of 6.65 and a beta of 1.45. The company's 50 day simple moving average is $362.89 and its 200 day simple moving average is $430.87.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, topping analysts' consensus estimates of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The company had revenue of $809.52 million for the quarter, compared to analysts' expectations of $786.80 million. During the same period last year, the firm posted $2.18 earnings per share. The business's quarterly revenue was up 20.9% compared to the same quarter last year. As a group, analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HUBS. Argus decreased their price target on HubSpot from $650.00 to $525.00 and set a "buy" rating on the stock in a research report on Thursday, November 20th. Truist Financial cut their price target on HubSpot from $675.00 to $650.00 and set a "buy" rating for the company in a report on Friday, November 7th. Oppenheimer lowered their price objective on shares of HubSpot from $750.00 to $550.00 and set an "outperform" rating for the company in a research report on Thursday, November 6th. Stifel Nicolaus reduced their target price on shares of HubSpot from $550.00 to $500.00 and set a "buy" rating on the stock in a research report on Friday, January 23rd. Finally, Wells Fargo & Company lowered their price target on shares of HubSpot from $685.00 to $600.00 and set an "overweight" rating for the company in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $586.73.

Insider Transactions at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total value of $2,578,730.00. Following the completion of the sale, the director directly owned 487,344 shares in the company, valued at $147,850,422.72. This represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 25,500 shares of company stock valued at $8,827,080 over the last ninety days. 4.00% of the stock is currently owned by insiders.

HubSpot Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company's product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.