HubSpot, Inc. (NYSE:HUBS) Shares Bought by Curi RMB Capital LLC

Curi RMB Capital LLC increased its holdings in HubSpot, Inc. (NYSE:HUBS) by 15.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,143 shares of the software maker’s stock after buying 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 SEC.

A number of other institutional investors have also modified their holdings of the business. International Assets Investment Management LLC acquired a new position in HubSpot during the 2nd quarter valued at approximately $35,000. HM Payson & Co. grew its position in 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 purchasing an additional 18 shares during the last quarter. Crewe Advisors LLC increased its stake in shares of HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after purchasing an additional 63 shares during the period. J.Safra Asset Management Corp raised its holdings in shares of HubSpot by 690.9% during the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after buying an additional 76 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of HubSpot by 41.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock worth $64,000 after buying an additional 32 shares during the period. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on HUBS shares. Piper Sandler downgraded HubSpot from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $570.00 to $640.00 in a research note on Thursday, November 7th. Truist Financial restated a “buy” rating and set a $750.00 price objective (up from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Oppenheimer increased 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. Wells Fargo & Company boosted their price target on shares of HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets increased their price objective on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $672.68.

Insiders Place Their Bets

In related news, CFO Kathryn Bueker sold 4,381 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $3,066,700.00. Following the transaction, the chief financial officer now owns 41,259 shares in the company, valued at approximately $28,881,300. This represents a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Dawson Alyssa Harvey sold 573 shares of HubSpot stock in a transaction that occurred 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 completion of the sale, the insider now owns 7,603 shares of the company’s stock, valued at $5,322,100. This trade represents a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,891 shares of company stock worth $6,662,473 in the last quarter. 4.50% of the stock is currently owned by corporate insiders.

HubSpot Stock Performance

HUBS opened at $696.45 on Friday. The stock has a fifty day moving average of $547.33 and a 200-day moving average of $547.24. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $724.61.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. The firm had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period last year, the company posted ($0.04) EPS. On average, sell-side analysts anticipate that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

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.