HubSpot, Inc. (NYSE:HUBS) Director Sells $412,755.20 in Stock

HubSpot, Inc. (NYSE:HUBS) Director Lorrie M. Norrington sold 572 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $721.60, for a total value of $412,755.20. Following the completion of the sale, the director now directly owns 1,125 shares of the company’s stock, valued at $811,800. The trade was a 33.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

HubSpot Trading Down 0.4 %

Shares of NYSE HUBS opened at $696.77 on Thursday. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $762.47. The company has a market cap of $35.97 billion, a PE ratio of -2,580.53, a P/E/G ratio of 87.75 and a beta of 1.70. The stock has a 50 day simple moving average of $683.50 and a 200-day simple moving average of $575.19.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $646.97 million. During the same quarter in the previous year, the firm posted ($0.04) EPS. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. Sell-side analysts forecast that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Institutional Trading of HubSpot

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. HM Payson & Co. increased its stake in shares of HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after acquiring an additional 18 shares during the period. Hazlett Burt & Watson Inc. boosted 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 purchasing an additional 25 shares in the last quarter. Motley Fool Asset Management LLC increased its position in shares of HubSpot by 2.6% during the 3rd quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker’s stock valued at $541,000 after purchasing an additional 26 shares during the period. V Square Quantitative Management LLC raised 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 worth $494,000 after buying an additional 27 shares in the last quarter. Finally, Crewe Advisors LLC lifted 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 buying an additional 28 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HUBS has been the topic of a number of recent research reports. Barclays boosted their target price on shares of HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Canaccord Genuity Group upped their price objective on shares of HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their target price on HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Bank of America raised their price objective on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. lifted their price target on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and an average target price 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.