HubSpot, Inc. (NYSE:HUBS) CFO Kathryn Bueker Sells 1,135 Shares

HubSpot, Inc. (NYSE:HUBS) CFO Kathryn Bueker sold 1,135 shares of HubSpot stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $672,828.00. Following the completion of the transaction, the chief financial officer now owns 44,715 shares in the company, valued at approximately $26,507,052. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, May 29th, Kathryn Bueker sold 2,191 shares of HubSpot stock. The shares were sold at an average price of $650.00, for a total transaction of $1,424,150.00.
• On Wednesday, May 22nd, Kathryn Bueker sold 2,190 shares of HubSpot stock. The shares were sold at an average price of $625.00, for a total transaction of $1,368,750.00.
• On Thursday, May 16th, Kathryn Bueker sold 3,937 shares of HubSpot stock. The shares were sold at an average price of $616.51, for a total transaction of $2,427,199.87.

HubSpot Stock Up 1.5 %

HubSpot stock traded up $8.51 during trading hours on Wednesday, hitting $592.65. The stock had a trading volume of 251,491 shares, compared to its average volume of 575,512. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32. The stock’s 50-day moving average price is $599.20 and its 200-day moving average price is $604.07. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85. The stock has a market capitalization of $30.20 billion, a P/E ratio of -223.51 and a beta of 1.60.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.27. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The firm had revenue of $617.41 million during the quarter, compared to analysts’ expectations of $597.12 million. Equities research analysts anticipate that HubSpot, Inc. will post -0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HUBS shares. Stifel Nicolaus decreased their price objective on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Mizuho cut their target price on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. BMO Capital Markets cut their target price on shares of HubSpot from $710.00 to $635.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. TD Cowen cut their target price on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, KeyCorp assumed coverage on shares of HubSpot in a research note on Thursday, March 21st. They set an “underweight” rating and a $520.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and an average target price of $641.00.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Riverview Trust Co purchased a new stake in HubSpot during the first quarter valued at approximately $27,000. Rakuten Securities Inc. purchased a new stake in HubSpot during the fourth quarter valued at approximately $29,000. Geneos Wealth Management Inc. increased its holdings in HubSpot by 1,125.0% during the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after buying an additional 45 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of HubSpot by 335.7% in the fourth quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after purchasing an additional 47 shares during the period. Finally, Larson Financial Group LLC boosted its position in shares of HubSpot by 1,380.0% in the fourth quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock worth $43,000 after purchasing an additional 69 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.