HubSpot Inc (NYSE:HUBS) General Counsel John P. Kelleher sold 972 shares of the business’s stock in a transaction dated Thursday, January 3rd. The shares were sold at an average price of $122.60, for a total value of $119,167.20. Following the completion of the transaction, the general counsel now owns 39,659 shares in the company, valued at approximately $4,862,193.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of HUBS opened at $138.41 on Thursday. HubSpot Inc has a twelve month low of $85.65 and a twelve month high of $162.20. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of -135.70 and a beta of 1.80. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.15 and a current ratio of 3.15.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 7th. The software maker reported ($0.32) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.37). HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The business had revenue of $131.83 million during the quarter, compared to analysts’ expectations of $126.65 million. During the same period in the prior year, the firm posted $0.03 EPS. HubSpot’s revenue for the quarter was up 34.9% compared to the same quarter last year. Analysts expect that HubSpot Inc will post -0.98 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in HUBS. Capital Research Global Investors boosted its holdings in HubSpot by 164.5% in the 3rd quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock valued at $286,814,000 after purchasing an additional 1,181,611 shares in the last quarter. Whale Rock Capital Management LLC purchased a new stake in HubSpot in the 2nd quarter valued at approximately $64,123,000. TIAA CREF Investment Management LLC boosted its holdings in HubSpot by 358.0% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock valued at $54,771,000 after purchasing an additional 283,609 shares in the last quarter. Voya Investment Management LLC boosted its holdings in HubSpot by 1,365.6% in the 2nd quarter. Voya Investment Management LLC now owns 221,971 shares of the software maker’s stock valued at $27,836,000 after purchasing an additional 206,826 shares in the last quarter. Finally, Scge Management L.P. boosted its holdings in HubSpot by 25.2% in the 2nd quarter. Scge Management L.P. now owns 795,650 shares of the software maker’s stock valued at $99,775,000 after purchasing an additional 160,200 shares in the last quarter. 93.62% of the stock is currently owned by institutional investors.
HUBS has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on HubSpot in a research report on Tuesday, October 2nd. They issued a “buy” rating and a $182.00 price target on the stock. UBS Group initiated coverage on HubSpot in a research report on Thursday, October 4th. They issued a “buy” rating on the stock. Rosenblatt Securities initiated coverage on HubSpot in a research report on Thursday, October 4th. They issued a “buy” rating and a $170.00 price target on the stock. Bank of America boosted their price target on HubSpot to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 17th. Finally, Morgan Stanley dropped their price target on HubSpot from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 23rd. Four research analysts have rated the stock with a hold rating, twelve have given 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.
About HubSpot
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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