Curi RMB Capital LLC Has $3.80 Million Position in HubSpot, Inc. (NYSE:HUBS)

Curi RMB Capital LLC boosted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 15.1% in the third quarter, Holdings Channel reports. The firm owned 7,143 shares of the software maker’s stock after acquiring an additional 937 shares during the period. Curi RMB Capital LLC’s holdings in HubSpot were worth $3,797,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE lifted its position in HubSpot by 5.0% during the 1st quarter. US Bancorp DE now owns 2,030 shares of the software maker’s stock worth $1,272,000 after acquiring an additional 97 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of HubSpot by 23.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 26,951 shares of the software maker’s stock worth $16,886,000 after purchasing an additional 5,091 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in HubSpot by 6.6% during the 1st quarter. Orion Portfolio Solutions LLC now owns 4,827 shares of the software maker’s stock valued at $3,025,000 after purchasing an additional 297 shares during the period. Blair William & Co. IL grew its holdings in HubSpot by 11.8% in the 1st quarter. Blair William & Co. IL now owns 1,427 shares of the software maker’s stock valued at $894,000 after buying an additional 151 shares during the last quarter. Finally, M&G Plc bought a new position in HubSpot in the 1st quarter worth approximately $8,533,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

HUBS has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on shares of HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Piper Sandler lowered shares of HubSpot from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $570.00 to $640.00 in a research report on Thursday, November 7th. Raymond James reduced their target price on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Oppenheimer boosted their price target on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price objective on HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $672.68.

HubSpot Trading Down 0.5 %

Shares of NYSE HUBS opened at $696.45 on Friday. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $724.61. The firm’s 50-day simple moving average is $547.33 and its 200 day simple moving average is $547.24.

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, topping analysts’ consensus estimates of $1.91 by $0.27. The company 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%. HubSpot’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.04) earnings per share. Research analysts expect that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Insider Activity

In other HubSpot news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The trade was a 0.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dawson Alyssa Harvey sold 573 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $401,100.00. Following the sale, the insider now owns 7,603 shares of the company’s stock, valued at $5,322,100. The trade was a 7.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,891 shares of company stock valued at $6,662,473. Company insiders own 4.50% of the company’s stock.

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.