Oak Harvest Investment Services Makes New Investment in HubSpot, Inc. (NYSE:HUBS)

Oak Harvest Investment Services acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,964 shares of the software maker’s stock, valued at approximately $2,065,000.

A number of other institutional investors have also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot during the 3rd quarter worth $25,000. MassMutual Private Wealth & Trust FSB boosted its position in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after buying an additional 19 shares in the last quarter. HM Payson & Co. grew its stake in shares of HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after buying an additional 18 shares during the last quarter. Friedenthal Financial bought a new position in shares of HubSpot in the 4th quarter valued at $50,000. Finally, Crewe Advisors LLC boosted its holdings in shares of HubSpot by 37.3% during the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after acquiring an additional 28 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on HUBS shares. Bank of America increased their target price on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Royal Bank of Canada lifted their target price on shares of HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Scotiabank raised their price target on shares of HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a research note on Wednesday, January 8th. Stifel Nicolaus increased their price objective on HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $730.00 price target on shares of HubSpot in a research report on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $724.52.

Insider Activity at HubSpot

In other HubSpot news, insider Dawson Alyssa Harvey sold 573 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $401,100.00. Following the completion of the sale, the insider now owns 7,603 shares of the company’s stock, valued at $5,322,100. This represents a 7.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kathryn Bueker sold 4,381 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $28,881,300. This represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,066 shares of company stock valued at $54,900,427 over the last three months. 4.50% of the stock is owned by corporate insiders.

HubSpot Price Performance

Shares of HubSpot stock opened at $772.12 on Friday. The company’s 50-day moving average price is $722.58 and its 200-day moving average price is $597.11. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $811.79.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. The company had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) earnings per share. Equities analysts forecast that HubSpot, Inc. will post 0.42 earnings per share for the current year.

About HubSpot

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.