Dawson Alyssa Harvey Sells 573 Shares of HubSpot, Inc. (NYSE:HUBS) Stock

HubSpot, Inc. (NYSE:HUBS) insider Dawson Alyssa Harvey sold 573 shares of HubSpot stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the transaction, the insider now directly owns 7,603 shares in the company, valued at $5,322,100. This trade represents a 7.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

HubSpot Stock Down 0.5 %

Shares of NYSE HUBS opened at $696.45 on Friday. The company has a 50 day simple moving average of $547.33 and a two-hundred day simple moving average of $547.24. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $724.61.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same quarter last year, the company earned ($0.04) EPS. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. Analysts predict that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HubSpot

Several large investors have recently modified their holdings of HUBS. Price T Rowe Associates Inc. MD lifted its position in HubSpot by 10.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock valued at $1,211,535,000 after acquiring an additional 176,336 shares in the last quarter. Fred Alger Management LLC raised its stake in shares of HubSpot by 516.2% in the second quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker’s stock worth $96,307,000 after purchasing an additional 136,793 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of HubSpot by 214,342.4% in the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock worth $672,590,000 after purchasing an additional 126,462 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of HubSpot by 88.7% during the second quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock valued at $142,468,000 after purchasing an additional 113,555 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of HubSpot by 17.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after buying an additional 86,688 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price on the stock in a report on Thursday, August 8th. Truist Financial reissued a “buy” rating and issued a $750.00 price target (up previously from $600.00) on shares of HubSpot in a report on Friday, November 8th. Piper Sandler lowered shares of HubSpot from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $570.00 to $640.00 in a report on Thursday, November 7th. Evercore ISI boosted their price target on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Finally, Raymond James lowered their price target on HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $672.68.

HubSpot Company Profile

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.