HubSpot Inc (NYSE:HUBS)’s share price fell 6% on Friday after an insider sold shares in the company. The company traded as low as $165.41 and last traded at $165.63. 616,140 shares traded hands during trading, a decline of 4% from the average session volume of 638,788 shares. The stock had previously closed at $176.22.
Specifically, insider Hunter Madeley sold 1,199 shares of HubSpot stock in a transaction on Monday, January 14th. The shares were sold at an average price of $137.13, for a total transaction of $164,418.87. Following the sale, the insider now owns 35,526 shares in the company, valued at $4,871,680.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald S. Gill sold 4,140 shares of HubSpot stock in a transaction on Thursday, January 10th. The stock was sold at an average price of $137.86, for a total transaction of $570,740.40. Following the sale, the director now owns 18,214 shares in the company, valued at approximately $2,510,982.04. The disclosure for this sale can be found here. Insiders have sold 66,366 shares of company stock worth $10,913,052 in the last quarter. Corporate insiders own 9.60% of the company’s stock.
Several equities research analysts have recently commented on HUBS shares. Zacks Investment Research downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Stephens started coverage on shares of HubSpot in a research note on Thursday, January 17th. They issued an “overweight” rating and a $191.00 target price on the stock. Bank of America restated a “buy” rating and issued a $185.00 target price (up previously from $180.00) on shares of HubSpot in a research note on Wednesday, January 23rd. UBS Group downgraded shares of HubSpot from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 24th. Finally, Oppenheimer restated a “market perform” rating on shares of HubSpot in a research note on Thursday, January 24th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $175.31.
The stock has a market capitalization of $6.98 billion, a PE ratio of -162.38 and a beta of 1.91. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.01 and a current ratio of 3.01.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. The business had revenue of $144.02 million for the quarter, compared to the consensus estimate of $137.48 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The firm’s quarterly revenue was up 35.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. Equities research analysts expect that HubSpot Inc will post -1.09 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of HUBS. Capital Research Global Investors lifted its position in HubSpot by 164.5% during the 3rd quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock worth $286,814,000 after buying an additional 1,181,611 shares in the last quarter. Norges Bank acquired a new position in HubSpot during the 4th quarter worth about $52,232,000. 1832 Asset Management L.P. lifted its position in HubSpot by 2,435.9% during the 4th quarter. 1832 Asset Management L.P. now owns 388,000 shares of the software maker’s stock worth $47,549,000 after buying an additional 372,700 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in HubSpot by 358.0% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock worth $54,771,000 after buying an additional 283,609 shares in the last quarter. Finally, North Peak Capital Management LLC acquired a new position in HubSpot during the 4th quarter worth about $15,397,000. Institutional investors and hedge funds own 95.68% of the company’s stock.
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HubSpot Company Profile (NYSE:HUBS)
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company’s software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
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