Insider Selling: HubSpot, Inc. (NYSE:HUBS) Insider Sells 573 Shares of Stock

HubSpot, Inc. (NYSE:HUBS) insider Dawson Alyssa Harvey sold 573 shares of HubSpot stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the sale, the insider now owns 7,603 shares in the company, valued at approximately $5,322,100. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

HubSpot Stock Down 0.2 %

Shares of NYSE HUBS opened at $700.00 on Thursday. The firm has a market cap of $36.13 billion, a price-to-earnings ratio of -2,592.50, a PEG ratio of 85.25 and a beta of 1.63. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $724.61. The business’s 50 day moving average is $543.21 and its two-hundred day moving average is $546.16.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HUBS shares. Canaccord Genuity Group lifted their price objective on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Raymond James lowered their price objective on HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Stifel Nicolaus lifted their price objective on HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Bank of America decreased their target price on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Evercore ISI raised their target price on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, HubSpot has an average rating of “Moderate Buy” and a consensus target price of $666.26.

Hedge Funds Weigh In On HubSpot

Institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in shares of HubSpot during the second quarter worth $35,000. HM Payson & Co. grew its stake 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 purchasing an additional 18 shares in the last quarter. Crewe Advisors LLC grew its stake in shares of HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after purchasing an additional 63 shares in the last quarter. J.Safra Asset Management Corp grew its stake 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 worth $51,000 after purchasing an additional 76 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake 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 purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 90.39% 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.