HubSpot, Inc. $HUBS Shares Bought by Oak Harvest Investment Services

Oak Harvest Investment Services lifted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 29.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,829 shares of the software maker’s stock after buying an additional 865 shares during the period. Oak Harvest Investment Services’ holdings in HubSpot were worth $2,187,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Elequin Capital LP acquired a new position in HubSpot during the fourth quarter worth $27,000. Coppell Advisory Solutions LLC boosted its position in shares of HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after purchasing an additional 22 shares in the last quarter. Colonial Trust Co SC grew its stake in shares of HubSpot by 111.1% during the 4th quarter. Colonial Trust Co SC now owns 57 shares of the software maker’s stock worth $40,000 after purchasing an additional 30 shares during the period. Cullen Frost Bankers Inc. grew its stake in shares of HubSpot by 130.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker’s stock worth $34,000 after purchasing an additional 34 shares during the period. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of HubSpot in the 1st quarter valued at about $35,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Price Performance

Shares of HubSpot stock opened at $474.2280 on Friday. HubSpot, Inc. has a 1 year low of $418.34 and a 1 year high of $881.13. The business has a 50 day moving average price of $518.67 and a 200 day moving average price of $590.07. The company has a market capitalization of $24.99 billion, a P/E ratio of -2,061.86, a P/E/G ratio of 16.34 and a beta of 1.66.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.07. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The company had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. During the same quarter last year, the business posted $1.94 earnings per share. HubSpot’s revenue was up 19.4% compared to the same quarter last year. As a group, research analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HUBS has been the topic of a number of research analyst reports. Barclays decreased their price objective on shares of HubSpot from $745.00 to $675.00 and set an “overweight” rating on the stock in a report on Monday, July 21st. Canaccord Genuity Group decreased their price target on HubSpot from $765.00 to $700.00 and set a “buy” rating on the stock in a research note on Thursday, August 7th. Wells Fargo & Company upped their price target on HubSpot from $675.00 to $680.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Oppenheimer raised their price objective on HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a research note on Friday, May 9th. Finally, UBS Group decreased their target price on HubSpot from $820.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and an average target price of $726.04.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 2,383 shares of HubSpot stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the completion of the sale, the chief executive officer owned 63,918 shares in the company, valued at approximately $35,269,313.22. This trade represents a 3.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the completion of the transaction, the director owned 522,435 shares in the company, valued at approximately $235,012,160.40. This trade represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,498 shares of company stock worth $14,752,256. 4.00% of the stock is owned by corporate insiders.

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.