Resonant Capital Advisors LLC Takes Position in HubSpot, Inc. (NYSE:HUBS)

Resonant Capital Advisors LLC purchased a new stake in shares of HubSpot, Inc. (NYSE:HUBS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 351 shares of the software maker’s stock, valued at approximately $245,000.

Several other hedge funds have also modified their holdings of the stock. MassMutual Private Wealth & Trust FSB raised its holdings in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after purchasing an additional 19 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of HubSpot during the third quarter worth $25,000. HM Payson & Co. raised its holdings in shares of HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after acquiring an additional 18 shares during the period. Friedenthal Financial acquired a new stake in shares of HubSpot during the fourth quarter worth $50,000. Finally, Crewe Advisors LLC raised its holdings in shares of HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after acquiring an additional 28 shares during the period. 90.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on HUBS shares. Wells Fargo & Company raised their price objective on shares of HubSpot from $750.00 to $810.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Barclays raised their target price on shares of HubSpot from $650.00 to $725.00 and gave the company an “equal weight” rating in a research report on Monday, January 27th. Oppenheimer raised their target price on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Piper Sandler downgraded shares of HubSpot from an “overweight” rating to a “neutral” rating and raised their target price for the company from $570.00 to $640.00 in a research report on Thursday, November 7th. Finally, Scotiabank raised their target price on shares of HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and an average target price of $731.83.

HubSpot Trading Down 1.8 %

HUBS opened at $765.39 on Tuesday. The company’s fifty day moving average price is $724.40 and its two-hundred day moving average price is $602.09. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $811.79. The company has a market cap of $39.51 billion, a price-to-earnings ratio of -2,834.66, a PEG ratio of 44.02 and a beta of 1.72.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The business’s revenue was up 20.1% on a year-over-year basis. As a group, equities analysts forecast that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Dawson Alyssa Harvey sold 573 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $401,100.00. Following the completion of the transaction, the insider now owns 7,603 shares in the company, valued at approximately $5,322,100. This represents a 7.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathryn Bueker sold 4,381 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the transaction, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $28,881,300. The trade was a 9.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,066 shares of company stock worth $54,900,427 over the last quarter. Insiders own 4.50% of the company’s stock.

HubSpot 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.