HubSpot, Inc. (NYSE:HUBS) CFO Sells $1,260,055.64 in Stock

HubSpot, Inc. (NYSE:HUBS) CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the completion of the transaction, the chief financial officer now owns 38,560 shares in the company, valued at $27,053,310.40. This represents a 4.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, November 12th, Kathryn Bueker sold 4,381 shares of HubSpot stock. The shares were sold at an average price of $700.00, for a total value of $3,066,700.00.
• On Thursday, October 10th, Kathryn Bueker sold 1,804 shares of HubSpot stock. The shares were sold at an average price of $550.00, for a total transaction of $992,200.00.

HubSpot Stock Performance

NYSE HUBS traded up $4.74 during mid-day trading on Monday, reaching $707.59. 329,848 shares of the stock were exchanged, compared to its average volume of 353,970. The company has a market capitalization of $36.53 billion, a P/E ratio of -2,620.61, a P/E/G ratio of 87.75 and a beta of 1.70. The business’s 50 day moving average is $689.11 and its 200-day moving average is $577.17. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $762.47.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating 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 analysts’ expectations of $646.97 million. During the same period in the previous year, the business earned ($0.04) earnings per share. The business’s revenue was up 20.1% compared to the same quarter last year. Equities analysts predict that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HUBS shares. Canaccord Genuity Group increased their target price 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. Piper Sandler lowered HubSpot from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $570.00 to $640.00 in a report on Thursday, November 7th. BMO Capital Markets upped their target price on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company raised their price target on HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $730.00 price objective on shares of HubSpot in a report on Thursday, November 7th. Four 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. Based on data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $705.64.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in HubSpot in the 3rd quarter valued at $25,000. HM Payson & Co. raised its position in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after buying an additional 18 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of HubSpot by 37.3% in the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after buying an additional 28 shares in the last quarter. True Wealth Design LLC acquired a new position in HubSpot during the third quarter worth about $62,000. Finally, Asset Dedication LLC purchased a new stake in HubSpot during the 2nd quarter valued at about $70,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

About HubSpot

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.