Everpar Advisors LLC Purchases Shares of 477 HubSpot, Inc. (NYSE:HUBS)

Everpar Advisors LLC purchased a new stake in HubSpot, Inc. (NYSE:HUBS) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 477 shares of the software maker’s stock, valued at approximately $277,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in shares of HubSpot by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 174,646 shares of the software maker’s stock worth $101,389,000 after purchasing an additional 6,574 shares in the last quarter. Apollon Wealth Management LLC raised its stake in shares of HubSpot by 5.3% during the fourth quarter. Apollon Wealth Management LLC now owns 514 shares of the software maker’s stock worth $298,000 after buying an additional 26 shares during the last quarter. Lincoln National Corp raised its stake in shares of HubSpot by 2.6% during the fourth quarter. Lincoln National Corp now owns 666 shares of the software maker’s stock worth $387,000 after buying an additional 17 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of HubSpot by 32.6% during the fourth quarter. Private Advisor Group LLC now owns 1,227 shares of the software maker’s stock worth $712,000 after buying an additional 302 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in shares of HubSpot during the fourth quarter worth approximately $109,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Canaccord Genuity Group upped their target price on shares of HubSpot from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Friday, April 5th. The Goldman Sachs Group upped their target price on shares of HubSpot from $577.00 to $656.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. upped their target price on shares of HubSpot from $530.00 to $630.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Stifel Nicolaus upped their target price on shares of HubSpot from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, BMO Capital Markets increased their price objective on shares of HubSpot from $540.00 to $710.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $642.36.

Insider Buying and Selling

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the sale, the insider now directly owns 526,041 shares in the company, valued at approximately $334,656,763.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the transaction, the insider now owns 526,041 shares in the company, valued at approximately $334,656,763.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dawson Alyssa Harvey sold 1,086 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $618.25, for a total transaction of $671,419.50. Following the completion of the transaction, the insider now owns 7,783 shares in the company, valued at approximately $4,811,839.75. The disclosure for this sale can be found here. Insiders have sold a total of 21,393 shares of company stock worth $13,421,401 in the last ninety days. Company insiders own 4.90% of the company’s stock.

HubSpot Price Performance

HUBS stock traded down $26.03 during mid-day trading on Wednesday, hitting $589.43. The stock had a trading volume of 1,180,274 shares, compared to its average volume of 502,374. The firm has a fifty day simple moving average of $628.65 and a 200 day simple moving average of $567.79. HubSpot, Inc. has a 52 week low of $407.23 and a 52 week high of $693.85. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $30.01 billion, a P/E ratio of -166.04 and a beta of 1.57.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.22. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. The company had revenue of $581.91 million for the quarter, compared to the consensus estimate of $557.48 million. As a group, research analysts forecast that HubSpot, Inc. will post -0.98 EPS for the current year.

HubSpot 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.