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

Oak Ridge Investments LLC acquired a new position in HubSpot, Inc. (NYSE:HUBS) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 587 shares of the software maker’s stock, valued at approximately $409,000.

Other large investors have also recently added to or reduced their stakes in the company. HM Payson & Co. increased its position 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 buying an additional 18 shares in the last quarter. Pallas Capital Advisors LLC increased its position in HubSpot by 1.9% during the 4th quarter. Pallas Capital Advisors LLC now owns 1,146 shares of the software maker’s stock worth $798,000 after purchasing an additional 21 shares in the last quarter. Motley Fool Asset Management LLC increased its position in HubSpot by 2.6% during the 3rd quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker’s stock worth $541,000 after purchasing an additional 26 shares in the last quarter. V Square Quantitative Management LLC raised its stake in HubSpot by 3.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock valued at $494,000 after purchasing an additional 27 shares during the last quarter. Finally, Crewe Advisors LLC lifted its holdings in 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 owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Dawson Alyssa Harvey sold 573 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the sale, the insider now owns 7,603 shares of the company’s stock, valued at approximately $5,322,100. The trade was a 7.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathryn Bueker sold 1,796 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,066 shares of company stock worth $54,900,427. 4.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HUBS shares. Truist Financial reissued a “buy” rating and issued a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Scotiabank boosted their price target on HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a report on Wednesday, January 8th. UBS Group upgraded HubSpot from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Needham & Company LLC reiterated a “buy” rating and issued a $730.00 target price on shares of HubSpot in a research note on Thursday, November 7th. Finally, Barclays increased their target price on HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and an average target price of $721.26.

HubSpot Stock Performance

HubSpot stock opened at $704.08 on Monday. The firm has a market capitalization of $36.34 billion, a PE ratio of -2,607.59, a price-to-earnings-growth ratio of 41.24 and a beta of 1.70. HubSpot, Inc. has a one year low of $434.84 and a one year high of $762.47. The stock’s 50 day moving average price is $713.49 and its 200 day moving average price is $586.01.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same period in the prior year, the firm earned ($0.04) earnings per share. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, analysts forecast that HubSpot, Inc. will post 0.42 earnings per share 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.