TIAA CREF Investment Management LLC Lowers Stake in HubSpot Inc (HUBS)

TIAA CREF Investment Management LLC reduced its position in shares of HubSpot Inc (NYSE:HUBS) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,864 shares of the software maker’s stock after selling 6,676 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.22% of HubSpot worth $7,325,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of HubSpot by 35.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the software maker’s stock worth $206,000 after buying an additional 606 shares in the last quarter. Raymond James Trust N.A. acquired a new position in shares of HubSpot during the fourth quarter worth $216,000. Advisor Group Inc. increased its holdings in shares of HubSpot by 1,524.1% during the fourth quarter. Advisor Group Inc. now owns 3,037 shares of the software maker’s stock worth $268,000 after buying an additional 2,850 shares in the last quarter. Aperio Group LLC acquired a new position in shares of HubSpot during the fourth quarter worth $280,000. Finally, Virtu Financial LLC grew its stake in shares of HubSpot by 98.1% in the fourth quarter. Virtu Financial LLC now owns 5,554 shares of the software maker’s stock worth $491,000 after purchasing an additional 2,751 shares during the last quarter. Institutional investors and hedge funds own 98.81% of the company’s stock.

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Shares of HUBS stock opened at $113.60 on Friday. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 1.42. HubSpot Inc has a 12-month low of $63.00 and a 12-month high of $124.45.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, February 13th. The software maker reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. The company had revenue of $106.54 million during the quarter, compared to analyst estimates of $101.60 million. HubSpot had a negative net margin of 10.57% and a negative return on equity of 16.27%. equities research analysts forecast that HubSpot Inc will post -1.26 EPS for the current year.

In other HubSpot news, insider Hunter Madeley sold 7,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $95.35, for a total value of $667,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dharmesh Shah sold 21,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $102.56, for a total transaction of $2,153,760.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,995 shares of company stock valued at $13,293,752. 12.10% of the stock is owned by insiders.

Several analysts recently weighed in on HUBS shares. Zacks Investment Research raised shares of HubSpot from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research note on Tuesday, January 2nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $96.00 price target (down previously from $99.00) on shares of HubSpot in a research report on Tuesday, January 30th. They noted that the move was a valuation call. JPMorgan Chase upped their price target on shares of HubSpot from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Stifel Nicolaus upped their price target on shares of HubSpot from $88.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Finally, Needham & Company LLC increased their price objective on shares of HubSpot from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. HubSpot has an average rating of “Buy” and a consensus target price of $100.47.

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HubSpot Company Profile

HubSpot, Inc provides cloud-based marketing and sales software platform that enables businesses to deliver an inbound experience. Its software platform features integrated applications to help businesses to convert visitors into leads, close leads into customers and customers to become promoters of those businesses.

Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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