HubSpot, Inc. (NYSE:HUBS) Director Sells $394,680.00 in Stock

HubSpot, Inc. (NYSE:HUBS) Director Lorrie M. Norrington sold 572 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $690.00, for a total value of $394,680.00. Following the completion of the transaction, the director now directly owns 1,697 shares of the company’s stock, valued at approximately $1,170,930. This represents a 25.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

HubSpot Trading Up 0.5 %

HUBS stock traded up $3.31 during midday trading on Thursday, reaching $724.67. The stock had a trading volume of 154,161 shares, compared to its average volume of 581,447. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $762.47. The company has a market cap of $37.41 billion, a price-to-earnings ratio of -2,683.86, a price-to-earnings-growth ratio of 88.26 and a beta of 1.70. The company’s fifty day simple moving average is $666.32 and its 200 day simple moving average is $571.01.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping 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 firm 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 firm posted ($0.04) EPS. HubSpot’s revenue for the quarter was up 20.1% on a year-over-year basis. Sell-side analysts predict that HubSpot, Inc. will post 0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on HUBS shares. Evercore ISI increased their price target on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Barclays upped their price target on shares of HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Royal Bank of Canada raised their price objective on HubSpot from $700.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Mizuho raised their price objective on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Bank of America increased their price objective on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $702.23.

Institutional Investors Weigh In On HubSpot

Hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new stake in HubSpot during the 3rd quarter worth $25,000. International Assets Investment Management LLC bought a new position in HubSpot during the 2nd quarter valued at $35,000. HM Payson & Co. grew its stake in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares in the last quarter. Crewe Advisors LLC raised its position in shares of HubSpot by 525.0% during the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after acquiring an additional 63 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of HubSpot by 41.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock valued at $64,000 after buying an additional 32 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.