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

HubSpot, Inc. (NYSE:HUBS) Director Lorrie M. Norrington sold 572 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $721.60, for a total value of $412,755.20. Following the sale, the director now directly owns 1,125 shares in the company, valued at approximately $811,800. The trade was a 33.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

HubSpot Trading Down 1.2 %

Shares of HubSpot stock traded down $8.65 during trading hours on Monday, hitting $699.51. 239,135 shares of the company were exchanged, compared to its average volume of 578,857. The business has a 50-day moving average of $676.90 and a 200-day moving average of $573.55. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $762.47. The stock has a market capitalization of $36.11 billion, a price-to-earnings ratio of -2,590.68, a P/E/G ratio of 88.26 and a beta of 1.70.

HubSpot (NYSE:HUBS) last issued its 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 business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same period in the prior year, the business posted ($0.04) EPS. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. As a group, research analysts anticipate that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HUBS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in HubSpot by 15.9% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 5,103 shares of the software maker’s stock valued at $3,010,000 after acquiring an additional 699 shares in the last quarter. iA Global Asset Management Inc. acquired a new position in shares of HubSpot in the second quarter worth $241,000. International Assets Investment Management LLC purchased a new stake in shares of HubSpot in the second quarter valued at $35,000. Hantz Financial Services Inc. purchased a new stake in HubSpot during the 2nd quarter worth about $911,000. Finally, Spire Wealth Management lifted its holdings in HubSpot by 55.4% in the 2nd quarter. Spire Wealth Management now owns 1,697 shares of the software maker’s stock valued at $1,001,000 after purchasing an additional 605 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on HUBS. Bank of America raised their price objective on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Needham & Company LLC reiterated a “buy” rating and set a $730.00 price target on shares of HubSpot in a research report on Thursday, November 7th. Oppenheimer boosted their target price on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Piper Sandler lowered HubSpot from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $570.00 to $640.00 in a report on Thursday, November 7th. Finally, UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and an average price target 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.