Oak Harvest Investment Services Invests $2.07 Million in HubSpot, Inc. (NYSE:HUBS)

Oak Harvest Investment Services bought a new stake in HubSpot, Inc. (NYSE:HUBS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,964 shares of the software maker’s stock, valued at approximately $2,065,000.

Several other large investors have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of HubSpot during the 3rd quarter worth $25,000. MassMutual Private Wealth & Trust FSB grew its position in HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after acquiring an additional 19 shares during the period. HM Payson & Co. increased its stake in 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 acquiring an additional 18 shares during the last quarter. Friedenthal Financial purchased a new position in shares of HubSpot in the 4th quarter worth about $50,000. Finally, Crewe Advisors LLC lifted its stake in shares of HubSpot by 37.3% in the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after purchasing an additional 28 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HUBS shares. Bank of America increased their price target on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. Evercore ISI increased their target price on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Needham & Company LLC reissued a “buy” rating and set a $730.00 price target on shares of HubSpot in a research report on Thursday, November 7th. Barclays raised their price target on shares of HubSpot from $650.00 to $725.00 and gave the company an “equal weight” rating in a report on Monday. Finally, The Goldman Sachs Group raised their target price on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and an average price target of $724.52.

Insider Buying and Selling at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the completion of the transaction, the chief technology officer now directly owns 1,272,077 shares in the company, valued at $941,197,051.53. This represents a 1.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kathryn Bueker sold 1,796 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the transaction, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at $27,053,310.40. This trade represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,066 shares of company stock valued at $54,900,427. Company insiders own 4.50% of the company’s stock.

HubSpot Trading Down 0.7 %

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

HubSpot (NYSE:HUBS) last issued its quarterly earnings results 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. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. Research analysts expect that HubSpot, Inc. will post 0.42 EPS for the current fiscal 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.