Resonant Capital Advisors LLC Invests $245,000 in HubSpot, Inc. (NYSE:HUBS)

Resonant Capital Advisors LLC acquired a new position in HubSpot, Inc. (NYSE:HUBS) in the fourth quarter, HoldingsChannel reports. The firm acquired 351 shares of the software maker’s stock, valued at approximately $245,000.

Other hedge funds have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after acquiring an additional 19 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot in the 3rd quarter worth approximately $25,000. HM Payson & Co. lifted its holdings in shares of HubSpot by 36.0% in the 3rd 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 last quarter. Friedenthal Financial bought a new stake in shares of HubSpot in the 4th quarter worth approximately $50,000. Finally, Crewe Advisors LLC raised its holdings in HubSpot by 37.3% during the 3rd 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. 90.39% of the stock is currently owned by institutional investors.

HubSpot Price Performance

NYSE:HUBS opened at $765.39 on Tuesday. The firm’s 50-day moving average price is $724.40 and its 200-day moving average price is $602.09. The company has a market capitalization of $39.51 billion, a PE ratio of -2,834.66, a P/E/G ratio of 44.02 and a beta of 1.72. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $811.79.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating 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 company had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. During the same period in the prior year, the firm posted ($0.04) EPS. HubSpot’s revenue for the quarter was up 20.1% on a year-over-year basis. Equities analysts anticipate that HubSpot, Inc. will post 0.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HUBS. Wells Fargo & Company upped their price target on shares of HubSpot from $750.00 to $810.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Oppenheimer upped their price target on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Canaccord Genuity Group upped their price target on shares of HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price target on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Bank of America upped their price target on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $731.83.

Insider Activity at HubSpot

In related 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 transaction of $82,085.85. Following the sale, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the transaction, the insider now owns 513,698 shares in the company, valued at $339,857,459.82. This represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,066 shares of company stock valued at $54,900,427. 4.50% of the stock is owned by 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.