HubSpot Inc. (HUBS) General Counsel John P. Kelleher Sells 347 Shares of Stock
HubSpot Inc. (NYSE:HUBS) General Counsel John P. Kelleher sold 347 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $57.00, for a total value of $19,779.00. Following the completion of the sale, the general counsel now directly owns 42,082 shares of the company’s stock, valued at approximately $2,398,674. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
HubSpot Inc. (NYSE:HUBS) opened at 58.25 on Thursday. The company’s 50-day moving average price is $56.26 and its 200 day moving average price is $49.75. HubSpot Inc. has a 12 month low of $27.00 and a 12 month high of $60.11. The firm’s market capitalization is $2.06 billion.
HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.08. The firm earned $65 million during the quarter, compared to analyst estimates of $61.67 million. HubSpot had a negative return on equity of 36.88% and a negative net margin of 20.03%. HubSpot’s revenue was up 51.4% compared to the same quarter last year. During the same period last year, the business posted ($0.17) earnings per share. Analysts predict that HubSpot Inc. will post ($0.53) EPS for the current year.
A number of analysts have recently weighed in on the company. Vetr lowered HubSpot from a “strong-buy” rating to a “buy” rating and set a $61.00 price objective for the company. in a research note on Monday, August 8th. Stifel Nicolaus raised their price target on HubSpot from $61.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Rosenblatt Securities raised their price target on HubSpot from $61.00 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Morgan Stanley reiterated a “buy” rating on shares of HubSpot in a report on Sunday, July 17th. Finally, Needham & Company LLC started coverage on HubSpot in a report on Monday, June 13th. They issued a “buy” rating and a $60.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $63.41.
Hedge funds have recently made changes to their positions in the company. Brookside Capital Management LLC acquired a new stake in shares of HubSpot during the first quarter worth about $9,387,000. Jacobs Levy Equity Management Inc. boosted its position in shares of HubSpot by 3.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 21,370 shares of the company’s stock valued at $932,000 after buying an additional 680 shares during the period. Granahan Investment Management Inc. MA boosted its position in shares of HubSpot by 100.4% in the first quarter. Granahan Investment Management Inc. MA now owns 720,468 shares of the company’s stock valued at $31,427,000 after buying an additional 360,869 shares during the period. Wellington Management Group LLP boosted its position in shares of HubSpot by 20.6% in the first quarter. Wellington Management Group LLP now owns 2,798,986 shares of the company’s stock valued at $122,092,000 after buying an additional 478,539 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of HubSpot by 10.4% in the first quarter. Geode Capital Management LLC now owns 74,652 shares of the company’s stock valued at $3,256,000 after buying an additional 7,043 shares during the period. 88.33% of the stock is owned by institutional investors.
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications, which include social media, search engine optimization (SEO), blogging, Website content management, marketing automation, e-mail, customer relationship management (CRM), analytics and reporting.
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