HubSpot, Inc. (NYSE:HUBS) CFO Sells $597,354.24 in Stock

HubSpot, Inc. (NYSE:HUBS) CFO Kathryn Bueker sold 1,136 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $597,354.24. Following the completion of the transaction, the chief financial officer now owns 41,259 shares in the company, valued at approximately $21,695,632.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

HubSpot Stock Up 3.4 %

NYSE HUBS opened at $535.00 on Friday. HubSpot, Inc. has a 52 week low of $407.23 and a 52 week high of $693.85. The firm has a market capitalization of $27.26 billion, a P/E ratio of -201.89, a PEG ratio of 7,010.23 and a beta of 1.64. The company has a 50-day moving average price of $498.80 and a 200-day moving average price of $560.30.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, beating the consensus estimate of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The firm had revenue of $637.20 million during the quarter, compared to analyst estimates of $619.28 million. During the same quarter in the prior year, the firm earned ($1.17) EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HUBS shares. Needham & Company LLC reiterated a “buy” rating and issued a $730.00 price target on shares of HubSpot in a research note on Thursday, September 19th. Raymond James dropped their price target on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Oppenheimer reiterated an “outperform” rating and issued a $625.00 price target on shares of HubSpot in a research note on Thursday, September 19th. Citigroup dropped their price target on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Barclays lowered their target price on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $610.79.

Institutional Investors Weigh In On HubSpot

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HUBS. Belpointe Asset Management LLC purchased a new stake in HubSpot in the 4th quarter worth approximately $201,000. Royal London Asset Management Ltd. increased its holdings in HubSpot by 2.5% in the 4th quarter. Royal London Asset Management Ltd. now owns 18,031 shares of the software maker’s stock worth $10,468,000 after acquiring an additional 437 shares in the last quarter. Armistice Capital LLC purchased a new stake in HubSpot in the 4th quarter worth approximately $621,000. Cibc World Markets Corp purchased a new stake in HubSpot in the 4th quarter worth approximately $769,000. Finally, Pinebridge Investments L.P. increased its holdings in HubSpot by 71.5% in the 4th quarter. Pinebridge Investments L.P. now owns 15,096 shares of the software maker’s stock worth $8,762,000 after acquiring an additional 6,296 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.