HubSpot Inc (NYSE:HUBS) COO J Donald Sherman Sells 25,000 Shares

HubSpot Inc (NYSE:HUBS) COO J Donald Sherman sold 25,000 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $173.76, for a total transaction of $4,344,000.00. Following the completion of the transaction, the chief operating officer now directly owns 114,008 shares in the company, valued at $19,810,030.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

NYSE HUBS traded up $0.92 on Thursday, reaching $182.03. The company’s stock had a trading volume of 425,205 shares, compared to its average volume of 577,547. The company has a market capitalization of $7.49 billion, a PE ratio of -178.46 and a beta of 1.71. HubSpot Inc has a twelve month low of $108.39 and a twelve month high of $192.49. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.83. The business has a 50 day moving average price of $174.82.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.10. The firm had revenue of $151.80 million for the quarter, compared to the consensus estimate of $147.47 million. HubSpot had a negative return on equity of 10.68% and a negative net margin of 10.81%. The firm’s revenue was up 32.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 earnings per share. As a group, sell-side analysts anticipate that HubSpot Inc will post -0.86 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in HUBS. Norges Bank acquired a new position in HubSpot during the fourth quarter worth $52,232,000. 1832 Asset Management L.P. raised its stake in HubSpot by 2,435.9% during the fourth quarter. 1832 Asset Management L.P. now owns 388,000 shares of the software maker’s stock worth $47,549,000 after acquiring an additional 372,700 shares in the last quarter. North Peak Capital Management LLC acquired a new position in HubSpot during the fourth quarter worth $15,397,000. Polar Capital LLP raised its stake in HubSpot by 51.4% during the fourth quarter. Polar Capital LLP now owns 309,191 shares of the software maker’s stock worth $38,875,000 after acquiring an additional 104,956 shares in the last quarter. Finally, Vanguard Group Inc raised its stake in HubSpot by 3.1% during the third quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock worth $478,778,000 after acquiring an additional 95,762 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

A number of brokerages recently weighed in on HUBS. Raymond James set a $31.00 price target on shares of Mylan and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Zacks Investment Research upgraded shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. Morgan Stanley reiterated an “overweight” rating and issued a GBX 2,280 ($29.79) price objective on shares of Anglo American in a research note on Wednesday, May 8th. Deutsche Bank downgraded shares of Ontex Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, Goldman Sachs Group assumed coverage on shares of HubSpot in a report on Friday, June 7th. They set a “buy” rating and a $223.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $189.50.

About HubSpot

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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Insider Buying and Selling by Quarter for HubSpot (NYSE:HUBS)

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