Ontario Teachers Pension Plan Board Has $298,000 Stake in HubSpot, Inc. (NYSE:HUBS)

Ontario Teachers Pension Plan Board trimmed its position in HubSpot, Inc. (NYSE:HUBS) by 70.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 514 shares of the software maker’s stock after selling 1,216 shares during the period. Ontario Teachers Pension Plan Board’s holdings in HubSpot were worth $298,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of HUBS. Dai ichi Life Insurance Company Ltd boosted its holdings in HubSpot by 71.1% during the fourth quarter. Dai ichi Life Insurance Company Ltd now owns 27,800 shares of the software maker’s stock worth $16,139,000 after purchasing an additional 11,554 shares during the last quarter. Assetmark Inc. boosted its stake in shares of HubSpot by 20.1% during the 4th quarter. Assetmark Inc. now owns 7,675 shares of the software maker’s stock worth $4,456,000 after buying an additional 1,286 shares during the last quarter. BNP Paribas Asset Management Holding S.A. grew its holdings in shares of HubSpot by 0.6% in the 4th quarter. BNP Paribas Asset Management Holding S.A. now owns 6,097 shares of the software maker’s stock valued at $3,540,000 after acquiring an additional 39 shares in the last quarter. Coldstream Capital Management Inc. acquired a new stake in shares of HubSpot in the fourth quarter valued at about $250,000. Finally, PNC Financial Services Group Inc. raised its holdings in HubSpot by 74.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the software maker’s stock worth $2,117,000 after acquiring an additional 1,560 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $634.21, for a total transaction of $73,568.36. Following the completion of the transaction, the chief executive officer now directly owns 88,861 shares in the company, valued at $56,356,534.81. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other HubSpot news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $634.21, for a total value of $73,568.36. Following the transaction, the chief executive officer now owns 88,861 shares in the company, valued at $56,356,534.81. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,903 shares of company stock worth $16,836,781. Corporate insiders own 4.50% of the company’s stock.

HubSpot Stock Down 0.8 %

HUBS stock opened at $590.16 on Monday. The company’s 50-day moving average price is $624.86 and its two-hundred day moving average price is $584.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.07 and a quick ratio of 2.07. HubSpot, Inc. has a 12 month low of $407.23 and a 12 month high of $693.85.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Canaccord Genuity Group lowered their price target on HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. TD Cowen dropped their price target on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. William Blair reissued an “outperform” rating on shares of HubSpot in a research report on Thursday, February 15th. KeyCorp assumed coverage on shares of HubSpot in a report on Thursday, March 21st. They issued an “underweight” rating and a $520.00 target price on the stock. Finally, Evercore ISI lifted their price target on HubSpot from $625.00 to $650.00 and gave the stock an “in-line” rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and a consensus target price of $640.04.

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.