Insider Selling: HubSpot, Inc. (NYSE:HUBS) Director Sells 572 Shares of Stock

HubSpot, Inc. (NYSE:HUBS) Director Lorrie M. Norrington sold 572 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $690.00, for a total value of $394,680.00. Following the transaction, the director now directly owns 1,697 shares in the company, valued at approximately $1,170,930. The trade was a 25.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

HubSpot Stock Performance

HUBS opened at $708.16 on Friday. The stock has a market capitalization of $36.56 billion, a P/E ratio of -2,622.72, a price-to-earnings-growth ratio of 88.26 and a beta of 1.70. HubSpot, Inc. has a one year low of $434.84 and a one year high of $762.47. The business’s 50-day simple moving average is $673.57 and its 200-day simple moving average is $572.86.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The company had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) earnings per share. On average, equities research analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Institutional Trading of HubSpot

A number of large investors have recently bought and sold shares of the business. HM Payson & Co. raised its holdings in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after buying an additional 18 shares during the last quarter. Hazlett Burt & Watson Inc. raised its stake in HubSpot by 19.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after acquiring an additional 25 shares during the last quarter. Motley Fool Asset Management LLC lifted its position in HubSpot by 2.6% during the 3rd quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker’s stock worth $541,000 after acquiring an additional 26 shares during the period. V Square Quantitative Management LLC grew its stake in shares of HubSpot by 3.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock valued at $494,000 after purchasing an additional 27 shares during the last quarter. Finally, Crewe Advisors LLC increased its holdings in shares of HubSpot by 37.3% in the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

HUBS has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Evercore ISI increased their target price on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Bank of America boosted their price target on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Barclays increased their price objective on HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Finally, UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus price target of $702.23.

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.