Insider Selling: HubSpot, Inc. (NYSE:HUBS) CFO Sells $1,260,055.64 in Stock

HubSpot, Inc. (NYSE:HUBS) CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the completion of the sale, the chief financial officer now owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. This trade represents a 4.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Kathryn Bueker also recently made the following trade(s):

• On Tuesday, November 12th, Kathryn Bueker sold 4,381 shares of HubSpot stock. The stock was sold at an average price of $700.00, for a total transaction of $3,066,700.00.
• On Thursday, October 10th, Kathryn Bueker sold 1,804 shares of HubSpot stock. The stock was sold at an average price of $550.00, for a total transaction of $992,200.00.

HubSpot Stock Performance

NYSE HUBS opened at $708.98 on Thursday. The stock has a market cap of $36.60 billion, a price-to-earnings ratio of -2,625.75, a PEG ratio of 87.75 and a beta of 1.70. The business has a 50 day simple moving average of $697.79 and a 200 day simple moving average of $579.99. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $762.47.

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

Institutional Trading of HubSpot

Hedge funds and other institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in shares of HubSpot during the third quarter worth about $25,000. HM Payson & Co. boosted its position in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after acquiring an additional 18 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of HubSpot by 37.3% during the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after acquiring an additional 28 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of HubSpot in the third quarter valued at approximately $62,000. Finally, Asset Dedication LLC bought a new stake in shares of HubSpot in the second quarter worth $70,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HUBS shares. Truist Financial reaffirmed a “buy” rating and set a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a report on Friday, November 8th. Evercore ISI upped their price target on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Stifel Nicolaus boosted their price objective on HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Barclays raised their target price on shares of HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada raised their price objective on shares of HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $714.05.

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.