Oak Ridge Investments LLC Invests $409,000 in HubSpot, Inc. (NYSE:HUBS)

Oak Ridge Investments LLC bought a new stake in HubSpot, Inc. (NYSE:HUBS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 587 shares of the software maker’s stock, valued at approximately $409,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Smith Salley Wealth Management acquired a new position in shares of HubSpot during the fourth quarter valued at $348,000. Jackson Square Capital LLC bought a new position in HubSpot in the 4th quarter valued at about $2,844,000. Sax Wealth Advisors LLC increased its stake in HubSpot by 39.1% during the 4th quarter. Sax Wealth Advisors LLC now owns 857 shares of the software maker’s stock valued at $597,000 after buying an additional 241 shares during the period. Merit Financial Group LLC bought a new stake in shares of HubSpot during the 4th quarter worth about $603,000. Finally, Avanza Fonder AB bought a new stake in shares of HubSpot during the 4th quarter worth about $2,828,000. Institutional investors own 90.39% of the company’s stock.

Insider Activity at HubSpot

In other news, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the transaction, the chief financial officer now owns 38,560 shares in the company, valued at approximately $27,053,310.40. This trade represents a 4.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the sale, the chief technology officer now directly owns 1,323,145 shares of the company’s stock, valued at approximately $889,973,789.90. The trade was a 1.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,066 shares of company stock valued at $54,900,427. Insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $730.00 price objective on shares of HubSpot in a research note on Thursday, November 7th. The Goldman Sachs Group lifted their price target on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Truist Financial restated a “buy” rating and issued a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a report on Friday, November 8th. Wells Fargo & Company lifted their target price on HubSpot from $750.00 to $810.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Finally, Royal Bank of Canada upped their price target on shares of HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and an average price target of $721.26.

HubSpot Stock Performance

HUBS stock opened at $704.08 on Monday. The firm has a 50 day simple moving average of $713.49 and a 200 day simple moving average of $586.01. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $762.47. The stock has a market cap of $36.34 billion, a P/E ratio of -2,607.59, a P/E/G ratio of 41.24 and a beta of 1.70.

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