Pier 88 Investment Partners LLC Buys 1,380 Shares of HubSpot, Inc. (NYSE:HUBS)

Pier 88 Investment Partners LLC lifted its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 197.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,080 shares of the software maker's stock after purchasing an additional 1,380 shares during the period. Pier 88 Investment Partners LLC's holdings in HubSpot were worth $1,227,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Gilbert & Cook Inc. increased its stake in HubSpot by 60.0% in the fourth quarter. Gilbert & Cook Inc. now owns 1,965 shares of the software maker's stock valued at $1,141,000 after purchasing an additional 737 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in HubSpot during the 4th quarter worth approximately $109,000. Private Advisor Group LLC boosted its holdings in HubSpot by 32.6% in the fourth quarter. Private Advisor Group LLC now owns 1,227 shares of the software maker's stock worth $712,000 after acquiring an additional 302 shares in the last quarter. Lincoln National Corp grew its stake in HubSpot by 2.6% in the fourth quarter. Lincoln National Corp now owns 666 shares of the software maker's stock valued at $387,000 after acquiring an additional 17 shares during the period. Finally, Apollon Wealth Management LLC raised its position in shares of HubSpot by 5.3% during the fourth quarter. Apollon Wealth Management LLC now owns 514 shares of the software maker's stock worth $298,000 after purchasing an additional 26 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analyst Weigh In

HUBS has been the subject of several research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $700.00 price target on shares of HubSpot in a research report on Thursday, August 8th. KeyCorp raised shares of HubSpot from an "underweight" rating to a "sector weight" rating and set a $460.00 target price for the company in a research report on Thursday, August 8th. UBS Group dropped their price target on shares of HubSpot from $580.00 to $550.00 and set a "neutral" rating on the stock in a research report on Thursday, August 8th. Oppenheimer decreased their price objective on HubSpot from $725.00 to $625.00 and set an "outperform" rating for the company in a report on Monday, July 22nd. Finally, Truist Financial restated a "buy" rating and issued a $600.00 target price (down previously from $700.00) on shares of HubSpot in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $610.79.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the sale, the insider now owns 518,152 shares in the company, valued at $244,707,645.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of the firm's stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the completion of the transaction, the insider now owns 9,735 shares in the company, valued at approximately $4,548,484.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total value of $4,014,295.00. Following the sale, the insider now owns 518,152 shares in the company, valued at $244,707,645.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,012 shares of company stock worth $21,300,253. Corporate insiders own 4.50% of the company's stock.

HubSpot Price Performance

Shares of HUBS traded down $7.69 during mid-day trading on Friday, hitting $496.48. The stock had a trading volume of 395,848 shares, compared to its average volume of 628,632. HubSpot, Inc. has a 52 week low of $407.23 and a 52 week high of $693.85. The business has a fifty day moving average price of $500.50 and a 200-day moving average price of $573.90. The firm has a market cap of $25.30 billion, a P/E ratio of -187.35, a PEG ratio of 3,148.72 and a beta of 1.63.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.30. The business had revenue of $637.20 million for the quarter, compared to analysts' expectations of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The firm's quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.17) EPS. As a group, research analysts expect that HubSpot, Inc. will post 0.01 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.