HubSpot, Inc. (NYSE:HUBS) Director Lorrie M. Norrington Sells 572 Shares

HubSpot, Inc. (NYSE:HUBS) Director Lorrie M. Norrington sold 572 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $721.60, for a total transaction of $412,755.20. Following the completion of the transaction, the director now owns 1,125 shares of the company’s stock, valued at approximately $811,800. The trade was a 33.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

HubSpot Stock Performance

Shares of HUBS stock opened at $696.77 on Thursday. The firm has a fifty day moving average of $683.50 and a 200-day moving average of $575.19. The stock has a market cap of $35.97 billion, a price-to-earnings ratio of -2,580.53, a P/E/G ratio of 87.75 and a beta of 1.70. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $762.47.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 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 prior year, the business posted ($0.04) earnings per share. On average, sell-side analysts predict that HubSpot, Inc. will post 0.4 earnings per share for the current year.

Institutional Trading of HubSpot

Institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP grew its holdings in shares of HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after purchasing an additional 480,796 shares during the last quarter. Fred Alger Management LLC raised its stake in shares of HubSpot by 516.2% in the second quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker’s stock valued at $96,307,000 after acquiring an additional 136,793 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of HubSpot by 214,342.4% in the 3rd quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock worth $672,590,000 after acquiring an additional 126,462 shares in the last quarter. Marshall Wace LLP grew its position in HubSpot by 88.7% during the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock worth $142,468,000 after acquiring an additional 113,555 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in HubSpot by 17.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after purchasing an additional 86,688 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on HUBS shares. BMO Capital Markets boosted their price objective on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Mizuho lifted their price objective on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Wells Fargo & Company upped their target price on HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $730.00 price target on shares of HubSpot in a research note on Thursday, November 7th. Finally, Evercore ISI boosted their price target on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $702.23.

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.