Revolve Wealth Partners LLC Buys Shares of 481 HubSpot, Inc. (NYSE:HUBS)

Revolve Wealth Partners LLC bought a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 481 shares of the software maker's stock, valued at approximately $275,000.

Several other hedge funds have also recently bought and sold shares of HUBS. Legato Capital Management LLC acquired a new position in HubSpot during the 4th quarter worth approximately $1,951,000. Northern Trust Corp boosted its holdings in HubSpot by 18.0% during the fourth quarter. Northern Trust Corp now owns 345,535 shares of the software maker's stock worth $240,758,000 after purchasing an additional 52,792 shares during the last quarter. Empowered Funds LLC boosted its holdings in HubSpot by 3.1% during the fourth quarter. Empowered Funds LLC now owns 833 shares of the software maker's stock worth $580,000 after purchasing an additional 25 shares during the last quarter. Ensign Peak Advisors Inc grew its position in HubSpot by 56.9% in the fourth quarter. Ensign Peak Advisors Inc now owns 159,997 shares of the software maker's stock valued at $111,481,000 after purchasing an additional 57,998 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in HubSpot in the fourth quarter valued at $32,682,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Down 0.8%

Shares of HubSpot stock traded down $4.53 on Thursday, hitting $569.04. The stock had a trading volume of 1,222,050 shares, compared to its average volume of 620,016. The stock has a market cap of $30.01 billion, a price-to-earnings ratio of 6,323.37, a price-to-earnings-growth ratio of 41.44 and a beta of 1.70. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The business's 50 day moving average is $593.86 and its two-hundred day moving average is $665.14.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the transaction, the insider now directly owns 527,233 shares of the company's stock, valued at $320,283,502.84. The trade was a 1.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 680 shares of the company's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total value of $408,000.00. Following the sale, the chief executive officer now owns 71,693 shares of the company's stock, valued at approximately $43,015,800. The trade was a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,062 shares of company stock worth $11,516,757. Corporate insiders own 4.50% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on HUBS. BMO Capital Markets reduced their price objective on shares of HubSpot from $885.00 to $745.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Raymond James reiterated an "outperform" rating and set a $825.00 target price (down previously from $980.00) on shares of HubSpot in a report on Friday, May 9th. The Goldman Sachs Group decreased their price target on HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Oppenheimer boosted their price target on HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Finally, Macquarie started coverage on HubSpot in a research note on Monday, March 24th. They set an "outperform" rating and a $730.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, HubSpot currently has an average rating of "Moderate Buy" and a consensus target price of $766.71.

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.