HubSpot, Inc. (NYSE:HUBS) Shares sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association Of Colorado reduced its holdings in HubSpot, Inc. (NYSE:HUBS – Free Report ) by 0.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 42,205 shares of the software maker’s stock after selling 100 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in HubSpot were worth $24,892,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Riverview Trust Co bought a new position in HubSpot in the first quarter worth about $27,000. Geneos Wealth Management Inc. raised its position in shares of HubSpot by 1,125.0% in the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after acquiring an additional 45 shares during the period. International Assets Investment Management LLC bought a new stake in shares of HubSpot in the second quarter valued at about $35,000. Crewe Advisors LLC boosted its position in HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after purchasing an additional 63 shares during the period. Finally, SYSTM Wealth Solutions LLC raised its stake in HubSpot by 54.0% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker’s stock worth $48,000 after purchasing an additional 27 shares in the last quarter. Institutional investors own 90.39% of the company’s shares.

Indoor activity

In related news, CEO Yamini Rangan sold 2,877 shares of HubSpot stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total value of $1,705,485.60. Following the transaction, the chief executive officer now owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, CFO Kathryn Bueker sold 1,135 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total value of $672,828.00. Following the completion of the sale, the chief financial officer now owns 44,715 shares in the company, valued at $26,507,052. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, CEO Yamini Rangan sold 2,877 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total value of $1,705,485.60. Following the completion of the sale, the chief executive officer now directly owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The disclosure for this sale can be found here. Insiders have sold a total of 38,012 shares of company stock worth $21,300,253 over the last three months. Insiders own 4.50% of the company’s shares.

Changes in Analyst Ratings

HUBS has been the subject of several recent research reports. Evercore ISI cut their price target on HubSpot from $650.00 to $550.00 and set an “in-line” rating on the stock in a research note on Thursday, August 8th. Stifel Nicolaus cut their price target on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Bank of America dropped their price target on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company cut their price objective on HubSpot from $650.00 to $625.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Canaccord Genuity Group cut their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $610.79, according to MarketBeat .

Read our latest research report on HUBS

HubSpot Price Performance

NYSE HUBS opened at $526.88 on Friday. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85. The company has a market cap of $26.85 billion, a P/E ratio of -198.82, a PEG ratio of 3,140.82 and a beta of 1.63. The company’s 50-day simple moving average is $489.80, and its 200-day simple moving average is $566.48.

HubSpot (NYSE:HUBS – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.30. The company had revenue of $637.20 million for the quarter, compared to analysts’ expectations of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The company’s revenue increased by 20.4% year-on-year. In the same quarter last year, the company earned ($1.17) earnings per share. On average, analysts anticipate that HubSpot, Inc. will show 0.01 earnings per share for the current year.

HubSpot profile

(Free Report)

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for companies in the Americas, Europe and Asia Pacific. The company’s CRM platform includes Marketing Hub, a suite of tools for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and follow-up, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quotes, forecasting and reporting ; Service Hub, service software designed to help businesses manage, respond to and connect with customers; and Content Management Systems Hub enables companies to create new and edit existing web content.

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