California Public Employees Retirement System boosted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 196,400 shares of the software maker’s stock after buying an additional 4,300 shares during the quarter. California Public Employees Retirement System owned approximately 0.53% of HubSpot worth $12,913,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of HubSpot by 82,588.5% during the first quarter. BlackRock Inc. now owns 2,130,883 shares of the software maker’s stock worth $129,025,000 after acquiring an additional 2,128,306 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of HubSpot by 145.0% during the second quarter. Bank of New York Mellon Corp now owns 2,366,568 shares of the software maker’s stock worth $155,602,000 after acquiring an additional 1,400,677 shares during the period. Harbour Capital Advisors LLC boosted its holdings in shares of HubSpot by 15,658.6% during the second quarter. Harbour Capital Advisors LLC now owns 724,894 shares of the software maker’s stock worth $11,025,000 after acquiring an additional 720,294 shares during the period. Frontier Capital Management Co. LLC bought a new stake in shares of HubSpot during the second quarter worth approximately $23,440,000. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of HubSpot by 62.1% during the first quarter. Loomis Sayles & Co. L P now owns 445,967 shares of the software maker’s stock worth $27,004,000 after acquiring an additional 170,895 shares during the period. 96.08% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HubSpot, Inc. (NYSE:HUBS) opened at 85.00 on Thursday. HubSpot, Inc. has a 1-year low of $44.90 and a 1-year high of $86.90. The company’s market capitalization is $3.15 billion. The firm’s 50-day moving average price is $73.79 and its 200 day moving average price is $69.22.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.08. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The firm had revenue of $89.10 million during the quarter, compared to the consensus estimate of $85.80 million. During the same period last year, the firm earned ($0.07) EPS. The business’s quarterly revenue was up 37.1% compared to the same quarter last year. Equities analysts predict that HubSpot, Inc. will post $0.09 EPS for the current fiscal year.

In other HubSpot news, insider Hunter Madeley sold 16,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $72.77, for a total value of $1,164,320.00. Following the completion of the transaction, the insider now directly owns 84,549 shares of the company’s stock, valued at approximately $6,152,630.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO John Kinzer sold 15,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $67.23, for a total transaction of $1,008,450.00. Following the completion of the transaction, the chief financial officer now directly owns 92,380 shares of the company’s stock, valued at $6,210,707.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,000 shares of company stock valued at $4,589,420. Insiders own 12.10% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Cowen and Company boosted their price objective on HubSpot from $69.00 to $76.00 and gave the stock a “market perform” rating in a report on Thursday, September 28th. UBS AG restated an “outperform” rating and set a $80.00 price objective (up previously from $78.00) on shares of HubSpot in a report on Wednesday, August 9th. KeyCorp restated a “buy” rating and set a $86.00 price objective on shares of HubSpot in a report on Wednesday, September 27th. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a report on Tuesday. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of HubSpot in a report on Wednesday, August 9th. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $78.85.

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About HubSpot

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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