State of Alaska Department of Revenue Sells 2,295 Shares of HubSpot, Inc. (NYSE:HUBS)

State of Alaska Department of Revenue reduced its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 19.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,780 shares of the software maker’s stock after selling 2,295 shares during the quarter. State of Alaska Department of Revenue’s holdings in HubSpot were worth $6,127,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in shares of HubSpot by 14.3% in the 1st quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock worth $75,000 after purchasing an additional 15 shares during the period. Lincoln National Corp increased its position in HubSpot by 2.6% during the fourth quarter. Lincoln National Corp now owns 666 shares of the software maker’s stock valued at $387,000 after acquiring an additional 17 shares during the last quarter. Addison Capital Co raised its stake in shares of HubSpot by 0.5% in the fourth quarter. Addison Capital Co now owns 3,822 shares of the software maker’s stock valued at $2,219,000 after acquiring an additional 18 shares during the period. First Affirmative Financial Network raised its stake in shares of HubSpot by 3.8% in the first quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock valued at $309,000 after acquiring an additional 18 shares during the period. Finally, HB Wealth Management LLC lifted its holdings in shares of HubSpot by 3.5% in the 4th quarter. HB Wealth Management LLC now owns 562 shares of the software maker’s stock worth $326,000 after acquiring an additional 19 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 2,877 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 $1,705,485.60. Following the completion of the sale, the chief executive officer now directly owns 68,037 shares in the company, valued at $40,332,333.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other HubSpot news, CEO Yamini Rangan sold 2,877 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the sale, the chief executive officer now owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 3,937 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the transaction, the chief financial officer now owns 45,737 shares in the company, valued at approximately $28,197,317.87. The disclosure for this sale can be found here. Insiders have sold a total of 21,491 shares of company stock worth $13,421,594 in the last ninety days. 4.50% of the stock is owned by insiders.

HubSpot Stock Up 1.5 %

HUBS stock opened at $592.65 on Thursday. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a 50-day simple moving average of $599.20 and a two-hundred day simple moving average of $604.07.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.27. The company had revenue of $617.41 million during the quarter, compared to analysts’ expectations of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. As a group, research analysts forecast that HubSpot, Inc. will post -0.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HUBS. Wells Fargo & Company increased their price objective on shares of HubSpot from $725.00 to $750.00 and gave the stock an “overweight” rating in a research report on Monday, June 10th. Needham & Company LLC reiterated a “buy” rating and issued a $730.00 price target on shares of HubSpot in a report on Thursday, May 9th. Barclays decreased their price target on HubSpot from $600.00 to $575.00 and set an “equal weight” rating for the company in a research note on Thursday, May 9th. Canaccord Genuity Group cut their price objective on HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, TD Cowen decreased their target price on HubSpot from $700.00 to $680.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $641.00.

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.