HubSpot Inc (NYSE:HUBS) CEO Brian Halligan sold 15,277 shares of the company’s stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $123.18, for a total value of $1,881,820.86. Following the sale, the chief executive officer now directly owns 680,046 shares in the company, valued at approximately $83,768,066.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of HUBS opened at $115.20 on Friday. HubSpot Inc has a fifty-two week low of $85.65 and a fifty-two week high of $162.20. The stock has a market cap of $4.77 billion, a PE ratio of -112.94 and a beta of 1.91. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.15 and a quick ratio of 3.15.
HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 7th. The software maker reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.37). HubSpot had a negative return on equity of 19.13% and a negative net margin of 13.43%. The business had revenue of $131.83 million for the quarter, compared to analyst estimates of $126.65 million. During the same quarter last year, the company posted $0.03 EPS. HubSpot’s quarterly revenue was up 34.9% on a year-over-year basis. On average, sell-side analysts anticipate that HubSpot Inc will post -0.98 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in HUBS. Flinton Capital Management LLC acquired a new stake in shares of HubSpot during the second quarter worth about $108,000. DekaBank Deutsche Girozentrale boosted its stake in shares of HubSpot by 85.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock worth $119,000 after buying an additional 385 shares during the period. Meadow Creek Investment Management LLC acquired a new stake in shares of HubSpot during the second quarter worth about $149,000. Penserra Capital Management LLC acquired a new stake in shares of HubSpot during the third quarter worth about $160,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of HubSpot during the second quarter worth about $161,000. Institutional investors and hedge funds own 93.62% of the company’s stock.
A number of analysts have recently weighed in on the company. Summit Insights reaffirmed a “hold” rating on shares of HubSpot in a research report on Thursday, September 6th. Rosenblatt Securities started coverage on HubSpot in a research report on Thursday, October 4th. They set a “buy” rating and a $170.00 price objective on the stock. UBS Group started coverage on HubSpot in a report on Thursday, October 4th. They issued a “buy” rating on the stock. Jefferies Financial Group started coverage on HubSpot in a report on Tuesday, October 2nd. They issued a “buy” rating and a $182.00 target price on the stock. Finally, Morgan Stanley increased their target price on HubSpot from $119.00 to $148.00 and gave the company an “equal weight” rating in a report on Friday, September 7th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. HubSpot currently has an average rating of “Buy” and an average target price of $147.13.
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HubSpot Company Profile
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.
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