Oak Harvest Investment Services Acquires 865 Shares of HubSpot, Inc. $HUBS

Key Points

• Oak Harvest Investment Services increased its holdings in HubSpot, Inc. by 29.2% in the 1st quarter, owning 3,829 shares worth approximately $2,187,000.
• Multiple institutional investors have also enhanced their positions in HubSpot, contributing to a 90.39% institutional ownership of the company's stock.
• Analysts have recently lowered price targets for HubSpot shares, with Citigroup reducing its target from $700 to $650, while maintaining a "buy" rating.

Oak Harvest Investment Services raised its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 29.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,829 shares of the software maker's stock after buying an additional 865 shares during the period. Oak Harvest Investment Services' holdings in HubSpot were worth $2,187,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. ICONIQ Capital LLC acquired a new stake in HubSpot in the 1st quarter valued at approximately $209,000. Campbell & CO Investment Adviser LLC increased its position in HubSpot by 990.5% during the first quarter. Campbell & CO Investment Adviser LLC now owns 5,943 shares of the software maker's stock worth $3,395,000 after acquiring an additional 5,398 shares during the period. Quantitative Investment Management LLC acquired a new position in HubSpot during the 1st quarter valued at $2,148,000. Jump Financial LLC bought a new stake in HubSpot in the 1st quarter valued at $7,742,000. Finally, Smartleaf Asset Management LLC grew its position in HubSpot by 29.3% in the 1st quarter. Smartleaf Asset Management LLC now owns 349 shares of the software maker's stock worth $203,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

HubSpot Stock Performance

HubSpot stock traded up $6.95 on Thursday, reaching $476.43. The company's stock had a trading volume of 870,009 shares, compared to its average volume of 738,289. HubSpot, Inc. has a twelve month low of $418.34 and a twelve month high of $881.13. The company has a market cap of $25.10 billion, a price-to-earnings ratio of -2,071.41, a PEG ratio of 15.76 and a beta of 1.66. The business's fifty day moving average price is $513.62 and its 200 day moving average price is $584.93.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on HUBS. Raymond James Financial lowered their price target on HubSpot from $825.00 to $655.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Macquarie cut their target price on HubSpot from $730.00 to $660.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. The Goldman Sachs Group reduced their target price on HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Oppenheimer boosted their price target on shares of HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Finally, Wells Fargo & Company raised their price objective on shares of HubSpot from $675.00 to $680.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $726.04.

Insider Activity at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 615 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction 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 approximately $22,670,843.94. The trade was a 1.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brian Halligan sold 8,500 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the transaction, the director owned 522,435 shares in the company, valued at approximately $235,012,160.40. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,498 shares of company stock worth $14,752,256 over the last 90 days. Insiders own 4.00% of the company's stock.

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.