Strs Ohio Has $11.61 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Strs Ohio boosted its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 1,203.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,001 shares of the software maker's stock after acquiring an additional 18,466 shares during the period. Strs Ohio's holdings in HubSpot were worth $11,611,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its holdings in HubSpot by 335.7% in the fourth quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker's stock valued at $35,000 after acquiring an additional 47 shares in the last quarter. Quarry LP raised its holdings in shares of HubSpot by 333.3% during the first quarter. Quarry LP now owns 91 shares of the software maker's stock worth $39,000 after purchasing an additional 70 shares during the period. Alta Advisers Ltd acquired a new stake in shares of HubSpot during the third quarter worth $49,000. KB Financial Partners LLC acquired a new stake in shares of HubSpot during the first quarter worth $49,000. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of HubSpot by 29.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker's stock worth $55,000 after purchasing an additional 21 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other HubSpot news, insider Dawson Alyssa Harvey sold 1,086 shares of the company's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $618.25, for a total transaction of $671,419.50. Following the completion of the sale, the insider now directly owns 7,783 shares of the company's stock, valued at $4,811,839.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other HubSpot news, CEO Yamini Rangan sold 116 shares of the firm's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $634.21, for a total value of $73,568.36. Following the completion of the transaction, the chief executive officer now directly owns 88,861 shares in the company, valued at $56,356,534.81. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Dawson Alyssa Harvey sold 1,086 shares of the firm's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $618.25, for a total transaction of $671,419.50. Following the completion of the transaction, the insider now owns 7,783 shares of the company's stock, valued at $4,811,839.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,862 shares of company stock worth $8,604,961. Corporate insiders own 4.90% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Scotiabank increased their target price on shares of HubSpot from $650.00 to $700.00 and gave the stock a "sector outperform" rating in a report on Friday, April 5th. TheStreet raised shares of HubSpot from a "d+" rating to a "c-" rating in a report on Thursday, January 4th. Wolfe Research increased their target price on shares of HubSpot from $660.00 to $715.00 and gave the stock an "outperform" rating in a report on Thursday, February 15th. Truist Financial increased their target price on shares of HubSpot from $600.00 to $700.00 and gave the stock a "buy" rating in a report on Thursday, February 15th. Finally, Wells Fargo & Company upped their price target on shares of HubSpot from $700.00 to $725.00 and gave the stock an "overweight" rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, HubSpot has an average rating of "Moderate Buy" and an average target price of $642.36.

HubSpot Price Performance

Shares of NYSE:HUBS traded up $16.13 during trading hours on Thursday, hitting $649.58. 722,158 shares of the company's stock traded hands, compared to its average volume of 482,635. HubSpot, Inc. has a 52 week low of $399.48 and a 52 week high of $693.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96. The company's fifty day simple moving average is $625.00 and its two-hundred day simple moving average is $551.30. The company has a market cap of $32.91 billion, a price-to-earnings ratio of -178.59 and a beta of 1.58.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.22. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. The company had revenue of $581.91 million during the quarter, compared to analyst estimates of $557.48 million. As a group, equities analysts anticipate that HubSpot, Inc. will post -0.98 EPS for the current fiscal year.

About HubSpot

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.