Insider Selling: HubSpot, Inc. (NYSE:HUBS) CFO Sells 1,135 Shares of Stock

HubSpot, Inc. (NYSE:HUBS) CFO Kathryn Bueker sold 1,135 shares of HubSpot stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $672,828.00. Following the completion of the transaction, the chief financial officer now directly owns 44,715 shares in the company, valued at $26,507,052. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Kathryn Bueker also recently made the following trade(s):

• On Wednesday, May 29th, Kathryn Bueker sold 2,191 shares of HubSpot stock. The shares were sold at an average price of $650.00, for a total value of $1,424,150.00.
• On Wednesday, May 22nd, Kathryn Bueker sold 2,190 shares of HubSpot stock. The shares were sold at an average price of $625.00, for a total value of $1,368,750.00.
• On Thursday, May 16th, Kathryn Bueker sold 3,937 shares of HubSpot stock. The stock was sold at an average price of $616.51, for a total value of $2,427,199.87.

HubSpot Stock Performance

Shares of NYSE HUBS traded up $8.51 during trading on Wednesday, reaching $592.65. The stock had a trading volume of 251,491 shares, compared to its average volume of 575,512. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market cap of $30.20 billion, a PE ratio of -223.51 and a beta of 1.60. The firm’s 50 day moving average price is $599.20 and its two-hundred day moving average price is $604.07.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.27. The firm had revenue of $617.41 million during the quarter, compared to the consensus estimate of $597.12 million. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. On average, research analysts forecast that HubSpot, Inc. will post -0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Riverview Trust Co acquired a new position in HubSpot during the 1st quarter worth $27,000. Rakuten Securities Inc. acquired a new position in HubSpot during the 4th quarter worth $29,000. Geneos Wealth Management Inc. boosted its position in HubSpot by 1,125.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after acquiring an additional 45 shares during the period. Venturi Wealth Management LLC boosted its position in HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after acquiring an additional 47 shares during the period. Finally, Larson Financial Group LLC boosted its position in HubSpot by 1,380.0% during the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock worth $43,000 after acquiring an additional 69 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on HUBS shares. Scotiabank boosted their price target on HubSpot from $650.00 to $700.00 and gave the stock a “sector outperform” rating in a research report on Friday, April 5th. Needham & Company LLC reissued a “buy” rating and set a $730.00 price target on shares of HubSpot in a research report on Thursday, May 9th. Wells Fargo & Company boosted their price target on HubSpot from $725.00 to $750.00 and gave the stock an “overweight” rating in a research report on Monday, June 10th. BMO Capital Markets reduced their price target on HubSpot from $710.00 to $635.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. Finally, Canaccord Genuity Group reduced their price target on HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $641.00.

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.