Kaufman Rossin Wealth LLC Invests $333,000 in HubSpot, Inc. $HUBS

Key Points

• Kaufman Rossin Wealth LLC purchased 583 shares of HubSpot, valued at approximately $333,000, indicating interest from institutional investors in the software company.
• HubSpot's CFO and CEO recently sold shares, with the CFO selling 615 shares for $339,350, resulting in a 1.47% decrease in her ownership.
• The company reported a 19.4% revenue increase year-over-year, with earnings per share of $2.19, beating analyst estimates.

Kaufman Rossin Wealth LLC acquired a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 583 shares of the software maker's stock, valued at approximately $333,000.

Other large investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA grew its holdings in HubSpot by 481.5% in the 1st quarter. Private Trust Co. NA now owns 157 shares of the software maker's stock valued at $90,000 after buying an additional 130 shares during the period. Principal Financial Group Inc. grew its holdings in HubSpot by 4.6% in the 1st quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker's stock valued at $16,427,000 after buying an additional 1,276 shares during the period. Golden State Wealth Management LLC grew its holdings in HubSpot by 1,840.0% in the 1st quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker's stock valued at $55,000 after buying an additional 92 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in HubSpot in the 1st quarter valued at about $235,000. Finally, Amalgamated Bank grew its holdings in HubSpot by 6.9% in the 1st quarter. Amalgamated Bank now owns 3,485 shares of the software maker's stock valued at $1,991,000 after buying an additional 226 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HUBS has been the subject of several recent analyst reports. Oppenheimer lifted their price target on HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Macquarie lowered their price target on HubSpot from $730.00 to $660.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Citigroup reduced their price objective on HubSpot from $700.00 to $650.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. KeyCorp reduced their price objective on HubSpot from $860.00 to $775.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Finally, Stifel Nicolaus reduced their price objective on HubSpot from $750.00 to $700.00 and set a "buy" rating on the stock in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $726.04.

HubSpot Stock Performance

Shares of HUBS stock traded down $5.8040 during trading hours on Monday, reaching $468.4960. The company had a trading volume of 532,730 shares, compared to its average volume of 737,035. HubSpot, Inc. has a twelve month low of $418.34 and a twelve month high of $881.13. The company has a market capitalization of $24.69 billion, a P/E ratio of -2,036.94, a price-to-earnings-growth ratio of 16.34 and a beta of 1.66. The stock's fifty day simple moving average is $518.67 and its 200 day simple moving average is $588.76.

HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%.The company's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.94 earnings per share. As a group, equities analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 2,383 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $1,314,915.57. Following the completion of the transaction, the chief executive officer owned 63,918 shares of the company's stock, valued at approximately $35,269,313.22. This represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total value of $3,823,640.00. Following the completion of the transaction, the director owned 522,435 shares of the company's stock, valued at approximately $235,012,160.40. The trade was a 1.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,498 shares of company stock valued at $14,752,256. Insiders own 4.00% of the company's stock.

HubSpot Company 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.