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

Bouvel Investment Partners LLC boosted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,793 shares of the software maker’s stock after acquiring an additional 39 shares during the period. Bouvel Investment Partners LLC’s holdings in HubSpot were worth $1,123,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HUBS. Riverview Trust Co purchased a new stake in shares of HubSpot in the 1st quarter valued at approximately $27,000. Rakuten Securities Inc. acquired a new position in shares of HubSpot in the 4th quarter worth approximately $29,000. Venturi Wealth Management LLC lifted its holdings in shares of HubSpot by 335.7% in the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after acquiring an additional 47 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of HubSpot by 1,380.0% in the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock worth $43,000 after acquiring an additional 69 shares during the last quarter. Finally, Principal Securities Inc. acquired a new position in shares of HubSpot in the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HUBS shares. Stifel Nicolaus reduced their target price on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Canaccord Genuity Group reduced their target price on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Barclays reduced their target price on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating on the stock in a report on Thursday, May 9th. Wells Fargo & Company increased their target price on shares of HubSpot from $725.00 to $750.00 and gave the stock an “overweight” rating in a report on Monday, June 10th. Finally, BMO Capital Markets reduced their target price on shares of HubSpot from $710.00 to $635.00 and set an “outperform” rating on the stock in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and a consensus target price of $641.00.

Insiders Place Their Bets

In other HubSpot news, CFO Kathryn Bueker sold 3,937 shares of HubSpot stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the completion of the transaction, the chief financial officer now owns 45,737 shares in the company, valued at $28,197,317.87. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Dawson Alyssa Harvey sold 192 shares of HubSpot stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total transaction of $124,800.00. Following the completion of the sale, the insider now directly owns 10,860 shares in the company, valued at $7,059,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kathryn Bueker sold 3,937 shares of HubSpot stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the sale, the chief financial officer now owns 45,737 shares of the company’s stock, valued at $28,197,317.87. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,353 shares of company stock worth $12,845,623. Insiders own 4.50% of the company’s stock.

HubSpot Price Performance

Shares of NYSE HUBS traded up $8.84 during midday trading on Friday, hitting $594.85. The company had a trading volume of 27,964 shares, compared to its average volume of 573,353. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85. The business has a 50-day simple moving average of $603.47 and a two-hundred day simple moving average of $602.10. The firm has a market capitalization of $30.31 billion, a price-to-earnings ratio of -221.08 and a beta of 1.57.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.26) by $0.27. The firm had revenue of $617.41 million during the quarter, compared to analysts’ expectations of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. Equities research analysts anticipate that HubSpot, Inc. will post -0.55 earnings per share for the current year.

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.