Focus Partners Advisor Solutions LLC Makes New $780,000 Investment in HubSpot, Inc. $HUBS

Key Points

• Focus Partners Advisor Solutions LLC recently acquired a new stake in HubSpot, Inc., purchasing 1,365 shares valued at approximately $780,000.
• Several institutional investors increased their holdings in HubSpot during the first quarter, including Price T Rowe Associates which grew its stake by 17%, and Massachusetts Financial Services which raised theirs by 37.3%.
• Analysts have mixed opinions on HubSpot's stock, with price targets ranging from $606 to $795, while the company has a consensus rating of "Moderate Buy" with an average price target of $722.93.

Focus Partners Advisor Solutions LLC purchased a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,365 shares of the software maker's stock, valued at approximately $780,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elequin Capital LP purchased a new stake in shares of HubSpot in the 4th quarter valued at about $27,000. Colonial Trust Co SC raised its holdings in shares of HubSpot by 111.1% during the 4th quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock valued at $40,000 after buying an additional 30 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of HubSpot by 130.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock valued at $34,000 after buying an additional 34 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of HubSpot during the 1st quarter valued at about $35,000. Finally, Clean Yield Group purchased a new position in shares of HubSpot during the 1st quarter valued at about $41,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HUBS. Raymond James Financial decreased their price objective on HubSpot from $825.00 to $655.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. Wells Fargo & Company lifted their price target on HubSpot from $675.00 to $680.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $900.00 price target on shares of HubSpot in a research note on Thursday, September 4th. Cantor Fitzgerald initiated coverage on HubSpot in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $775.00 price target on the stock. Finally, Macquarie dropped their price target on HubSpot from $730.00 to $660.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $722.93.

Insider Transactions at HubSpot

In other news, CFO Kathryn Bueker sold 615 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $339,350.85. Following the completion of the sale, the chief financial officer directly owned 41,086 shares of the company's stock, valued at $22,670,843.94. This trade represents a 1.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Yamini Rangan sold 2,383 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $1,314,915.57. Following the completion of the sale, the chief executive officer directly owned 63,918 shares of the company's stock, valued at $35,269,313.22. The trade was a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,498 shares of company stock valued at $14,752,256 over the last 90 days. Company insiders own 4.00% of the company's stock.

HubSpot Stock Up 0.7%

NYSE:HUBS traded up $3.48 during mid-day trading on Tuesday, hitting $502.01. 335,695 shares of the company traded hands, compared to its average volume of 741,172. The stock's fifty day moving average price is $502.97 and its 200-day moving average price is $564.96. HubSpot, Inc. has a one year low of $418.34 and a one year high of $881.13. The firm has a market cap of $26.45 billion, a price-to-earnings ratio of -2,178.98, a price-to-earnings-growth ratio of 16.80 and a beta of 1.58.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.07. The business had revenue of $760.87 million during the quarter, compared to analyst estimates of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.HubSpot's revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.94 earnings per share. Equities analysts predict that HubSpot, Inc. will post 1.01 EPS for the current year.

About HubSpot

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.