Illinois Municipal Retirement Fund Boosts Position in HubSpot, Inc. (NYSE:HUBS)

Illinois Municipal Retirement Fund raised its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 12.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,323 shares of the software maker's stock after purchasing an additional 2,425 shares during the period. Illinois Municipal Retirement Fund's holdings in HubSpot were worth $12,959,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of HUBS. Rakuten Securities Inc. acquired a new stake in shares of HubSpot in the 4th quarter valued at approximately $29,000. Venturi Wealth Management LLC raised its position in shares of HubSpot by 335.7% in the 4th 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 during the period. Alta Advisers Ltd bought a new stake in HubSpot during the 3rd quarter worth approximately $49,000. Hazlett Burt & Watson Inc. increased its stake in HubSpot by 29.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker's stock worth $55,000 after purchasing an additional 21 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in HubSpot by 50.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 116 shares of the software maker's stock worth $57,000 after purchasing an additional 39 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HUBS shares. Barclays increased their target price on HubSpot from $475.00 to $600.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 24th. Truist Financial raised their price target on shares of HubSpot from $600.00 to $700.00 and gave the stock a "buy" rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. raised their price target on shares of HubSpot from $530.00 to $630.00 and gave the stock an "overweight" rating in a research note on Thursday, February 15th. Stifel Nicolaus raised their price target on shares of HubSpot from $700.00 to $750.00 and gave the stock a "buy" rating in a research note on Monday, April 8th. Finally, Wolfe Research raised their price target on shares of HubSpot from $660.00 to $715.00 and gave the stock an "outperform" rating in a research note 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $642.36.

Insider Transactions at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the sale, the insider now owns 526,041 shares of the company's stock, valued at $334,656,763.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the sale, the insider now owns 526,041 shares of the company's stock, valued at $334,656,763.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 8,817 shares of the business's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $620.00, for a total value of $5,466,540.00. Following the completion of the transaction, the chief executive officer now directly owns 88,977 shares of the company's stock, valued at approximately $55,165,740. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,362 shares of company stock valued at $14,012,491. 4.90% of the stock is currently owned by corporate insiders.

HubSpot Trading Up 3.0 %

HubSpot stock traded up $18.73 during mid-day trading on Tuesday, hitting $651.77. 680,657 shares of the company's stock traded hands, compared to its average volume of 489,799. The firm has a 50 day simple moving average of $625.44 and a two-hundred day simple moving average of $555.27. HubSpot, Inc. has a fifty-two week low of $399.48 and a fifty-two week high of $693.85. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35.

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