Insider Selling: HubSpot, Inc. (NYSE:HUBS) Director Sells $394,680.00 in Stock

HubSpot, Inc. (NYSE:HUBS) Director Lorrie M. Norrington sold 572 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $690.00, for a total value of $394,680.00. Following the sale, the director now directly owns 1,697 shares in the company, valued at approximately $1,170,930. This trade represents a 25.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

HubSpot Trading Down 2.3 %

Shares of HUBS opened at $708.16 on Friday. The stock’s 50-day moving average price is $673.57 and its two-hundred day moving average price is $572.75. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $762.47. The company has a market capitalization of $36.56 billion, a PE ratio of -2,622.72, a PEG ratio of 88.26 and a beta of 1.70.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HUBS shares. Wells Fargo & Company upped their price objective on shares of HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Truist Financial reaffirmed a “buy” rating and set a $750.00 price target (up previously from $600.00) on shares of HubSpot in a report on Friday, November 8th. The Goldman Sachs Group boosted their price objective on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. BMO Capital Markets raised their target price on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Stifel Nicolaus boosted their price target on HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $702.23.

Institutional Investors Weigh In On HubSpot

Several large investors have recently modified their holdings of HUBS. Wilmington Savings Fund Society FSB acquired a new position in HubSpot in the third quarter valued at $25,000. International Assets Investment Management LLC acquired a new position in shares of HubSpot in the 2nd quarter valued at about $35,000. HM Payson & Co. boosted its position in shares of HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares in the last quarter. Crewe Advisors LLC grew its stake in HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after purchasing an additional 63 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in HubSpot by 41.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock worth $64,000 after purchasing an additional 32 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

About HubSpot

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.