Ronald S. Gill Sells 4,133 Shares of HubSpot Inc (HUBS) Stock

HubSpot Inc (NYSE:HUBS) Director Ronald S. Gill sold 4,133 shares of the business’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $166.92, for a total value of $689,880.36. Following the sale, the director now owns 18,207 shares in the company, valued at $3,039,112.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of HUBS stock traded down $2.83 during trading hours on Wednesday, reaching $162.79. 8,227 shares of the stock traded hands, compared to its average volume of 784,946. HubSpot Inc has a 1-year low of $101.45 and a 1-year high of $180.00. The firm has a market capitalization of $6.56 billion, a P/E ratio of -160.22 and a beta of 1.92. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.01.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.54. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The firm had revenue of $144.02 million for the quarter, compared to the consensus estimate of $137.48 million. During the same period in the previous year, the firm posted $0.12 earnings per share. The firm’s revenue was up 35.2% on a year-over-year basis. Sell-side analysts predict that HubSpot Inc will post -1.1 EPS for the current fiscal year.

Several research firms recently issued reports on HUBS. Royal Bank of Canada lifted their price target on shares of HubSpot from $138.00 to $147.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 8th. Stifel Nicolaus boosted their price target on shares of HubSpot from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Zacks Investment Research reiterated a “hold” rating on shares of HubSpot in a report on Tuesday, November 13th. Oppenheimer reiterated a “market perform” rating on shares of HubSpot in a report on Thursday, January 24th. Finally, Jefferies Financial Group boosted their target price on shares of HubSpot to $200.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $170.29.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nordea Investment Management AB grew its position in HubSpot by 7.6% during the fourth quarter. Nordea Investment Management AB now owns 33,292 shares of the software maker’s stock valued at $4,186,000 after purchasing an additional 2,364 shares in the last quarter. Executive Wealth Management LLC purchased a new position in HubSpot during the fourth quarter valued at approximately $26,000. Amalgamated Bank grew its position in HubSpot by 150.4% in the fourth quarter. Amalgamated Bank now owns 5,331 shares of the software maker’s stock worth $670,000 after acquiring an additional 3,202 shares in the last quarter. Millennium Management LLC grew its position in HubSpot by 8.6% in the fourth quarter. Millennium Management LLC now owns 184,509 shares of the software maker’s stock worth $23,198,000 after acquiring an additional 14,681 shares in the last quarter. Finally, Vista Equity Partners Management LLC grew its position in HubSpot by 40.5% in the fourth quarter. Vista Equity Partners Management LLC now owns 131,366 shares of the software maker’s stock worth $16,517,000 after acquiring an additional 37,888 shares in the last quarter. 95.01% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: “Ronald S. Gill Sells 4,133 Shares of HubSpot Inc (HUBS) Stock” was reported by Fairfield Current and is the sole property of of Fairfield Current. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.fairfieldcurrent.com/news/2019/02/20/hubspot-inc-hubs-director-ronald-s-gill-sells-4133-shares.html.

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.