Insider Selling: HubSpot, Inc. (NYSE:HUBS) Insider Sells $401,100.00 in Stock

HubSpot, Inc. (NYSE:HUBS) insider Dawson Alyssa Harvey sold 573 shares of the 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 transaction, the insider now directly owns 7,603 shares in the company, valued at approximately $5,322,100. This represents a 7.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

HubSpot Price Performance

HubSpot stock opened at $677.07 on Friday. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $724.61. The stock has a market capitalization of $34.95 billion, a PE ratio of -2,507.57, a price-to-earnings-growth ratio of 85.11 and a beta of 1.63. The firm has a 50 day simple moving average of $551.16 and a 200-day simple moving average of $548.28.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $646.97 million. During the same period last year, the firm earned ($0.04) EPS. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, analysts forecast that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. GDS Wealth Management bought a new position in shares of HubSpot during the 3rd quarter valued at about $2,149,000. M&G Plc bought a new stake in HubSpot during the first quarter worth approximately $8,533,000. Pallas Capital Advisors LLC acquired a new position in HubSpot in the third quarter worth approximately $624,000. Headlands Technologies LLC acquired a new position in HubSpot in the second quarter worth approximately $3,135,000. Finally, Curi RMB Capital LLC increased its holdings in shares of HubSpot by 15.1% in the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock valued at $3,797,000 after buying an additional 937 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Stifel Nicolaus raised their price objective on HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Evercore ISI lifted their price target on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Wells Fargo & Company boosted their price objective on shares of HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. KeyCorp raised 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. Finally, Piper Sandler cut HubSpot from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $570.00 to $640.00 in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $672.68.

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.