Revolve Wealth Partners LLC Invests $275,000 in HubSpot, Inc. (NYSE:HUBS)

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

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Farther Finance Advisors LLC raised its holdings in shares of HubSpot by 5.4% during the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock worth $178,000 after buying an additional 13 shares in the last quarter. Wedbush Securities Inc. raised its stake in HubSpot by 3.4% during the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock worth $274,000 after acquiring an additional 13 shares in the last quarter. First Horizon Advisors Inc. raised its stake in HubSpot by 2.4% during the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock worth $445,000 after acquiring an additional 15 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of HubSpot by 0.5% in the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock worth $2,271,000 after acquiring an additional 16 shares during the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of HubSpot by 17.2% in the 4th quarter. Principal Securities Inc. now owns 116 shares of the software maker's stock valued at $81,000 after purchasing an additional 17 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

HUBS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of HubSpot from $635.00 to $725.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. William Blair reaffirmed an "outperform" rating on shares of HubSpot in a research note on Thursday, February 13th. UBS Group increased their price target on HubSpot from $675.00 to $820.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Redburn Atlantic initiated coverage on HubSpot in a report on Wednesday, February 19th. They set a "buy" rating on the stock. Finally, Stifel Nicolaus set a $750.00 target price on HubSpot in a report on Friday, April 25th. Four research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, HubSpot currently has a consensus rating of "Moderate Buy" and a consensus target price of $767.61.

HubSpot Stock Up 1.1%

Shares of HUBS stock opened at $608.96 on Monday. The firm has a 50 day moving average of $591.03 and a 200-day moving average of $667.32. The company has a market cap of $32.12 billion, a price-to-earnings ratio of 6,766.96, a price-to-earnings-growth ratio of 41.44 and a beta of 1.70. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13.

Insider Buying and Selling

In related news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the transaction, the insider now directly owns 525,687 shares of the company's stock, valued at approximately $283,135,018.20. This represents a 1.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the sale, the chief executive officer now directly owns 72,373 shares of the company's stock, valued at $41,536,312.16. This trade represents a 3.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,062 shares of company stock valued at $11,516,757 over the last ninety days. 4.50% of the stock is owned by corporate insiders.

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.

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