HubSpot Inc (NYSE:HUBS) General Counsel John P. Kelleher sold 766 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $166.75, for a total value of $127,730.50. Following the completion of the transaction, the general counsel now directly owns 43,909 shares in the company, valued at approximately $7,321,825.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of HubSpot stock opened at $163.99 on Friday. HubSpot Inc has a 1 year low of $101.45 and a 1 year high of $180.00. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of -160.77 and a beta of 1.90. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.30.
HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.54. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The company had revenue of $144.02 million during the quarter, compared to the consensus estimate of $137.48 million. During the same period in the prior year, the company earned $0.12 earnings per share. The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. On average, research analysts predict that HubSpot Inc will post -1.09 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in HUBS. SG Americas Securities LLC raised its stake in shares of HubSpot by 118.4% during the third quarter. SG Americas Securities LLC now owns 6,055 shares of the software maker’s stock valued at $914,000 after purchasing an additional 3,283 shares in the last quarter. American International Group Inc. increased its stake in HubSpot by 1.8% in the 3rd quarter. American International Group Inc. now owns 24,054 shares of the software maker’s stock worth $3,631,000 after purchasing an additional 434 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in HubSpot by 85.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock worth $119,000 after purchasing an additional 385 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in HubSpot by 34.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 26,700 shares of the software maker’s stock valued at $4,030,000 after acquiring an additional 6,800 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in HubSpot during the 3rd quarter valued at about $215,000. Institutional investors own 96.77% of the company’s stock.
Several research firms have weighed in on HUBS. Deutsche Bank increased their target price on HubSpot from $150.00 to $168.00 and gave the company a “hold” rating in a research note on Wednesday, February 13th. Bank of America increased their target price on HubSpot from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, February 13th. Canaccord Genuity increased their target price on HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, February 13th. Raymond James increased their target price on HubSpot from $155.00 to $181.00 and gave the company an “outperform” rating in a research note on Wednesday, February 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $198.00 target price (up previously from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. HubSpot presently has an average rating of “Buy” and a consensus target price of $175.31.
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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. 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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