Public Employees Retirement System of Ohio Has $13.55 Million Holdings in HubSpot, Inc. $HUBS

Key Points

• The Public Employees Retirement System of Ohio increased its holdings in HubSpot, Inc. by 6.5% during the 2nd quarter, bringing the total value to $13.55 million with 24,350 shares owned.
• Analysts have recently adjusted their target prices for HubSpot, with estimates ranging from $655 to $900, and a consensus rating of "Moderate Buy".
• Insider activity includes significant sales by Director Brian Halligan and CEO Yamini Rangan, with a total of 51,094 shares sold over the last ninety days valued at approximately $25.7 million.

Public Employees Retirement System of Ohio lifted its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,350 shares of the software maker's stock after purchasing an additional 1,483 shares during the period. Public Employees Retirement System of Ohio's holdings in HubSpot were worth $13,554,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ballentine Partners LLC lifted its stake in shares of HubSpot by 251.0% in the 2nd quarter. Ballentine Partners LLC now owns 2,050 shares of the software maker's stock valued at $1,141,000 after purchasing an additional 1,466 shares during the last quarter. CHICAGO TRUST Co NA acquired a new stake in shares of HubSpot in the 2nd quarter valued at $455,000. Armstrong Advisory Group Inc. lifted its stake in shares of HubSpot by 43.7% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,496 shares of the software maker's stock valued at $833,000 after purchasing an additional 455 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of HubSpot in the 2nd quarter valued at $729,000. Finally, Abacus FCF Advisors LLC acquired a new stake in shares of HubSpot in the 2nd quarter valued at $6,520,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

HUBS has been the subject of a number of research analyst reports. Stifel Nicolaus cut their target price on shares of HubSpot from $750.00 to $700.00 and set a "buy" rating for the company in a research report on Monday, July 14th. JPMorgan Chase & Co. cut their target price on shares of HubSpot from $775.00 to $675.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Needham & Company LLC reissued a "buy" rating and set a $900.00 target price on shares of HubSpot in a research report on Thursday, September 4th. Macquarie cut their target price on shares of HubSpot from $730.00 to $660.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. Finally, Raymond James Financial cut their target price on shares of HubSpot from $825.00 to $655.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $722.93.

Insider Activity at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total value of $3,823,640.00. Following the sale, the director owned 522,435 shares of the company's stock, valued at $235,012,160.40. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 2,383 shares of the company's stock in a transaction dated 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 in the company, 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. Insiders sold a total of 51,094 shares of company stock worth $25,716,404 over the last ninety days. Corporate insiders own 4.00% of the company's stock.

HubSpot Stock Performance

Shares of HUBS opened at $518.46 on Friday. The company has a 50-day simple moving average of $492.16 and a 200-day simple moving average of $549.93. The firm has a market capitalization of $27.32 billion, a P/E ratio of -2,254.18, a P/E/G ratio of 17.48 and a beta of 1.58. HubSpot, Inc. has a 52 week low of $418.34 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.07. The business had revenue of $760.87 million during the quarter, compared to analyst estimates of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The firm's revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.94 earnings per share. As a group, equities analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

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.

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