Resonant Capital Advisors LLC Buys 78 Shares of HubSpot, Inc. $HUBS

Resonant Capital Advisors LLC increased its position in HubSpot, Inc. (NYSE:HUBS) by 22.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 433 shares of the software maker’s stock after acquiring an additional 78 shares during the period. Resonant Capital Advisors LLC’s holdings in HubSpot were worth $241,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HUBS. Venturi Wealth Management LLC increased its holdings in HubSpot by 1.1% during the first quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker’s stock valued at $861,000 after buying an additional 16 shares during the last quarter. WCM Investment Management LLC grew its position in shares of HubSpot by 0.6% during the 1st quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker’s stock valued at $1,553,000 after acquiring an additional 17 shares during the period. Ballentine Partners LLC increased its stake in shares of HubSpot by 3.5% in the 1st quarter. Ballentine Partners LLC now owns 584 shares of the software maker’s stock worth $334,000 after purchasing an additional 20 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in HubSpot by 5.2% in the 1st quarter. Apollon Wealth Management LLC now owns 405 shares of the software maker’s stock worth $231,000 after purchasing an additional 20 shares during the period. Finally, QRG Capital Management Inc. lifted its position in HubSpot by 5.9% during the second quarter. QRG Capital Management Inc. now owns 434 shares of the software maker’s stock valued at $242,000 after purchasing an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on HUBS shares. Piper Sandler initiated coverage on HubSpot in a research report on Thursday, September 4th. They issued an “overweight” rating and a $675.00 price target for the company. Wall Street Zen lowered shares of HubSpot from a “buy” rating to a “hold” rating in a report on Saturday. Raymond James Financial decreased their target price on shares of HubSpot from $825.00 to $655.00 and set an “outperform” rating on the stock in a research note on Thursday, August 7th. BMO Capital Markets dropped their price target on shares of HubSpot from $600.00 to $550.00 and set an “outperform” rating for the company in a research report on Friday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of HubSpot from $775.00 to $675.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $717.75.

Insider Buying and Selling at HubSpot

In other news, CFO Kathryn Bueker sold 615 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $307,500.00. Following the sale, the chief financial officer directly owned 38,794 shares in the company, valued at approximately $19,397,000. This represents a 1.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 2,387 shares of HubSpot stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $500.00, for a total value of $1,193,500.00. Following the completion of the transaction, the chief executive officer owned 56,277 shares of the company’s stock, valued at approximately $28,138,500. This represents a 4.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,863 shares of company stock worth $24,641,332 in the last ninety days. Company insiders own 4.00% of the company’s stock.

HubSpot Trading Up 0.5%

Shares of HUBS stock opened at $471.85 on Tuesday. The stock has a market capitalization of $24.86 billion, a price-to-earnings ratio of -2,051.53, a price-to-earnings-growth ratio of 16.11 and a beta of 1.58. HubSpot, Inc. has a 12-month low of $418.34 and a 12-month high of $881.13. The stock’s 50-day moving average price is $476.18 and its 200-day moving average price is $532.62.

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, beating the consensus estimate of $2.12 by $0.07. The business had revenue of $760.87 million during the quarter, compared to analysts’ expectations of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.94 EPS. As a group, research analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

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.