Teacher Retirement System of Texas Invests $318,000 in HubSpot, Inc. (NYSE:HUBS)

Teacher Retirement System of Texas acquired a new stake in HubSpot, Inc. (NYSE:HUBS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 457 shares of the software maker’s stock, valued at approximately $318,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot during the 3rd quarter worth $25,000. Larson Financial Group LLC lifted its stake in shares of HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after buying an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after acquiring an additional 19 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in HubSpot during the 4th quarter valued at about $35,000. Finally, Friedenthal Financial acquired a new stake in HubSpot in the 4th quarter valued at about $50,000. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Stock Performance

Shares of HUBS opened at $582.30 on Wednesday. The company’s 50-day simple moving average is $699.84 and its 200-day simple moving average is $661.33. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The stock has a market capitalization of $30.37 billion, a PE ratio of 6,470.73, a P/E/G ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, sell-side analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Activity

In other HubSpot news, CFO Kathryn Bueker sold 1,796 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the sale, the chief financial officer now owns 38,560 shares in the company, valued at $27,053,310.40. This represents a 4.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the transaction, the insider now owns 524,751 shares of the company’s stock, valued at $425,048,310. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,853 shares of company stock worth $15,453,396. Corporate insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

HUBS has been the topic of several recent research reports. Mizuho boosted their target price on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Bank of America upped their target price on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. Piper Sandler raised their target price on HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. William Blair reissued an “outperform” rating on shares of HubSpot in a research report on Thursday, February 13th. Finally, Scotiabank upped their price objective on shares of HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $848.58.

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.