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 - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,964 shares of the software maker's stock, valued at approximately $2,065,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HUBS. Gries Financial LLC purchased a new position in shares of HubSpot in the 4th quarter valued at approximately $210,000. Swedbank AB grew its holdings in HubSpot by 3.2% during the 4th quarter. Swedbank AB now owns 27,206 shares of the software maker's stock valued at $18,956,000 after buying an additional 845 shares during the last quarter. R Squared Ltd purchased a new stake in HubSpot during the 4th quarter worth about $174,000. Twelve Points Wealth Management LLC acquired a new position in shares of HubSpot in the fourth quarter valued at approximately $322,000. Finally, Mayflower Financial Advisors LLC acquired a new position in HubSpot in the 4th quarter valued at $862,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

HubSpot Price Performance

Shares of HUBS traded down $14.14 during midday trading on Monday, reaching $765.39. The stock had a trading volume of 445,893 shares, compared to its average volume of 442,642. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $811.79. The company has a market capitalization of $39.51 billion, a P/E ratio of -2,834.66, a P/E/G ratio of 44.02 and a beta of 1.72. The firm's 50 day moving average price is $724.40 and its 200-day moving average price is $602.09.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $669.72 million for 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 company's revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.04) EPS. On average, equities analysts forecast that HubSpot, Inc. will post 0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Scotiabank raised their target price 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 upped their price target on HubSpot from $750.00 to $880.00 and gave the stock a "buy" rating in a report on Monday, December 9th. UBS Group lowered shares of HubSpot from a "strong-buy" rating to a "hold" rating in a report on Friday, January 17th. Piper Sandler lowered shares of HubSpot from an "overweight" rating to a "neutral" rating and boosted their price objective for the stock from $570.00 to $640.00 in a report on Thursday, November 7th. Finally, Canaccord Genuity Group raised their target price on HubSpot from $600.00 to $710.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $731.83.

Insiders Place Their Bets

In related news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the transaction, the insider now directly owns 513,698 shares of the company's stock, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathryn Bueker sold 4,381 shares of the company's 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 directly owns 41,259 shares of the company's stock, valued at $28,881,300. This represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,066 shares of company stock worth $54,900,427. Company insiders own 4.50% of the company's stock.

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.