Strs Ohio Has $27.18 Million Holdings in HubSpot, Inc. $HUBS

Key Points

• Strs Ohio raised its stake in HubSpot by 28.2% in Q4 to 67,718 shares, worth about $27.18 million, while institutional investors own roughly 90.39% of the stock.
• Company insiders have been net sellers recently — Erika Ashley Fisher sold 841 shares and director Brian Halligan sold 8,500 shares, with insiders offloading 26,483 shares valued at about $6.59 million over the last 90 days; insiders now own 4.0% of the company.
• Several analysts cut price targets (e.g., Mizuho $550→$300, JPMorgan $650→$530), but the consensus rating is a Moderate Buy with an average price target of $388.07.

Strs Ohio lifted its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 28.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,718 shares of the software maker's stock after buying an additional 14,902 shares during the quarter. Strs Ohio owned about 0.13% of HubSpot worth $27,175,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Fifth Third Bancorp increased its position in shares of HubSpot by 2.5% during the third quarter. Fifth Third Bancorp now owns 1,076 shares of the software maker's stock worth $503,000 after buying an additional 26 shares during the period. GPS Wealth Strategies Group LLC increased its position in shares of HubSpot by 5.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 522 shares of the software maker's stock worth $244,000 after buying an additional 28 shares during the period. Bessemer Group Inc. increased its position in shares of HubSpot by 9.1% during the third quarter. Bessemer Group Inc. now owns 335 shares of the software maker's stock worth $156,000 after buying an additional 28 shares during the period. Bouvel Investment Partners LLC increased its position in shares of HubSpot by 1.7% during the third quarter. Bouvel Investment Partners LLC now owns 1,768 shares of the software maker's stock worth $827,000 after buying an additional 29 shares during the period. Finally, National Bank of Canada FI increased its position in shares of HubSpot by 8.6% during the third quarter. National Bank of Canada FI now owns 379 shares of the software maker's stock worth $177,000 after buying an additional 30 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other HubSpot news, insider Erika Ashley Fisher sold 841 shares of the firm's stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total value of $200,166.41. Following the transaction, the insider directly owned 10,119 shares of the company's stock, valued at approximately $2,408,423.19. This trade represents a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $262.75, for a total transaction of $2,233,375.00. Following the completion of the transaction, the director directly owned 370,558 shares in the company, valued at $97,364,114.50. This trade represents a 2.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 26,483 shares of company stock worth $6,585,062 over the last ninety days. Insiders own 4.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Mizuho decreased their price objective on shares of HubSpot from $550.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, February 12th. KeyCorp decreased their price objective on shares of HubSpot from $400.00 to $340.00 and set an "overweight" rating for the company in a research report on Thursday, February 12th. Morgan Stanley reiterated an "overweight" rating on shares of HubSpot in a research report on Thursday, February 12th. Canaccord Genuity Group decreased their price objective on shares of HubSpot from $485.00 to $350.00 and set a "buy" rating for the company in a research report on Thursday, April 16th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of HubSpot from $650.00 to $530.00 and set an "overweight" rating for the company in a research report on Thursday, February 12th. Twenty-five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $388.07.

HubSpot Stock Up 8.3%

Shares of NYSE HUBS opened at $240.09 on Friday. The firm has a market cap of $12.36 billion, a PE ratio of 275.96, a P/E/G ratio of 3.27 and a beta of 1.23. HubSpot, Inc. has a 12-month low of $187.45 and a 12-month high of $682.57. The company's fifty day simple moving average is $242.77 and its 200 day simple moving average is $323.05.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.10. The business had revenue of $846.75 million for the quarter, compared to analyst estimates of $830.65 million. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. HubSpot's revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.32 earnings per share. On average, equities analysts predict that HubSpot, Inc. will post 3.66 earnings per share for the current year.

HubSpot Company 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.

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