Bouvel Investment Partners LLC Increases Stock Position in HubSpot, Inc. (NYSE:HUBS)

Bouvel Investment Partners LLC boosted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,807 shares of the software maker’s stock after acquiring an additional 36 shares during the quarter. Bouvel Investment Partners LLC’s holdings in HubSpot were worth $1,259,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in HubSpot during the 3rd quarter valued at $25,000. HM Payson & Co. lifted its stake in shares of HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the last quarter. Friedenthal Financial bought a new stake in HubSpot during the fourth quarter valued at about $50,000. Crewe Advisors LLC lifted its position in shares of HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after buying an additional 28 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in shares of HubSpot in the 3rd quarter worth approximately $62,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 115 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the sale, the chief executive officer now directly owns 61,179 shares in the company, valued at $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dawson Alyssa Harvey sold 573 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $401,100.00. Following the transaction, the insider now owns 7,603 shares in the company, valued at $5,322,100. The trade was a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,066 shares of company stock worth $54,900,427. Corporate insiders own 4.50% of the company’s stock.

HubSpot Stock Up 1.3 %

Shares of HUBS stock opened at $718.34 on Friday. The stock has a 50 day simple moving average of $711.05 and a 200-day simple moving average of $584.33. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $762.47.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. The business had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.04) earnings per share. Analysts expect that HubSpot, Inc. will post 0.42 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HUBS. Stifel Nicolaus raised their target price on shares of HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Evercore ISI increased their price objective on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Piper Sandler downgraded shares of HubSpot from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $570.00 to $640.00 in a research report on Thursday, November 7th. Canaccord Genuity Group raised their price target on shares of HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Bank of America boosted their price objective on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $719.30.

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.