Teacher Retirement System of Texas Has $1.26 Million Stock Position in HubSpot, Inc. (NYSE:HUBS)

Teacher Retirement System of Texas decreased its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 40.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,167 shares of the software maker's stock after selling 1,485 shares during the quarter. Teacher Retirement System of Texas' holdings in HubSpot were worth $1,258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in HUBS. Tokio Marine Asset Management Co. Ltd. boosted its position in HubSpot by 11.0% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,282 shares of the software maker's stock worth $631,000 after purchasing an additional 127 shares during the period. Strs Ohio raised its holdings in shares of HubSpot by 1,203.0% during the 4th quarter. Strs Ohio now owns 20,001 shares of the software maker's stock valued at $11,611,000 after buying an additional 18,466 shares during the period. Los Angeles Capital Management LLC boosted its holdings in HubSpot by 19.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 22,546 shares of the software maker's stock worth $13,089,000 after acquiring an additional 3,671 shares during the period. Meeder Asset Management Inc. acquired a new stake in HubSpot in the fourth quarter valued at approximately $2,312,000. Finally, Pathstone Family Office LLC purchased a new stake in shares of HubSpot during the third quarter valued at approximately $677,000. Institutional investors and hedge funds own 90.39% of the company's stock.

HubSpot Stock Performance

NYSE:HUBS traded up $4.59 during midday trading on Monday, reaching $619.93. 267,998 shares of the company traded hands, compared to its average volume of 525,567. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average price of $626.08 and a 200 day moving average price of $577.91.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HUBS. Canaccord Genuity Group decreased their target price on shares of HubSpot from $750.00 to $700.00 and set a "buy" rating for the company in a research note on Thursday, May 9th. Mizuho dropped their target price on HubSpot from $700.00 to $650.00 and set a "buy" rating on the stock in a research report on Thursday, May 9th. UBS Group reissued a "neutral" rating and issued a $525.00 price target on shares of HubSpot in a report on Thursday, February 15th. KeyCorp started coverage on HubSpot in a research note on Thursday, March 21st. They set an "underweight" rating and a $520.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on HubSpot from $700.00 to $725.00 and gave the company an "overweight" rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have assigned a buy rating to the company's stock. According to data from MarketBeat, HubSpot has an average rating of "Moderate Buy" and a consensus price target of $640.04.

Insider Activity at HubSpot

In other HubSpot 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 sale, the insider now owns 526,041 shares of the company's stock, valued at approximately $334,656,763.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other HubSpot news, CFO Kathryn Bueker sold 3,937 shares of HubSpot stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the sale, the chief financial officer now owns 45,737 shares of the company's stock, valued at approximately $28,197,317.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the sale, the insider now directly owns 526,041 shares in the company, valued at approximately $334,656,763.38. The disclosure for this sale can be found here. Insiders sold 24,244 shares of company stock worth $15,177,181 in the last 90 days. 4.90% of the stock is currently owned by company insiders.

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.