HubSpot, Inc. (NYSE:HUBS) Insider Sells $401,100.00 in Stock

HubSpot, Inc. (NYSE:HUBS) insider Dawson Alyssa Harvey sold 573 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $401,100.00. Following the sale, the insider now directly owns 7,603 shares of the company’s stock, valued at $5,322,100. This represents a 7.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

HubSpot Stock Performance

Shares of NYSE HUBS opened at $677.07 on Friday. The business’s 50-day simple moving average is $551.16 and its 200-day simple moving average is $548.28. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $724.61. The firm has a market cap of $34.95 billion, a price-to-earnings ratio of -2,507.57, a P/E/G ratio of 85.11 and a beta of 1.63.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating the consensus estimate of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. During the same quarter last year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. As a group, equities research analysts forecast that HubSpot, Inc. will post 0.4 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of HubSpot in the second quarter valued at about $35,000. HM Payson & Co. boosted its stake in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares during the period. Crewe Advisors LLC grew its holdings in HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after buying an additional 63 shares during the last quarter. J.Safra Asset Management Corp grew its holdings in HubSpot by 690.9% in the 2nd quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after buying an additional 76 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in HubSpot by 41.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock worth $64,000 after buying an additional 32 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

HUBS has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. UBS Group increased their target price on HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target on the stock in a report on Thursday, August 8th. The Goldman Sachs Group increased their price objective on HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $730.00 target price on shares of HubSpot in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $672.68.

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.