HubSpot (NYSE:HUBS) Insider Sells $148,357.32 in Stock

HubSpot, Inc. (NYSE:HUBS) insider Erika Ashley Fisher sold 589 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $251.88, for a total value of $148,357.32. Following the sale, the insider directly owned 10,960 shares of the company’s stock, valued at $2,760,604.80. This trade represents a 5.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Erika Ashley Fisher also recently made the following trade(s):

• On Wednesday, February 4th, Erika Ashley Fisher sold 841 shares of HubSpot stock. The stock was sold at an average price of $238.01, for a total value of $200,166.41.

HubSpot Price Performance

HUBS traded down $20.50 during midday trading on Thursday, hitting $223.43. 2,291,123 shares of the company’s stock traded hands, compared to its average volume of 1,430,931. The company has a market cap of $11.70 billion, a PE ratio of -2,792.88, a price-to-earnings-growth ratio of 5.84 and a beta of 1.44. The stock’s fifty day simple moving average is $355.20 and its 200-day simple moving average is $426.06. HubSpot, Inc. has a one year low of $223.01 and a one year high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The company had revenue of $809.52 million for the quarter, compared to analyst estimates of $786.80 million. During the same quarter in the prior year, the business posted $2.18 EPS. HubSpot’s quarterly revenue was up 20.9% on a year-over-year basis. On average, research analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HUBS. Oppenheimer decreased their price target on HubSpot from $550.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday. Truist Financial decreased their target price on HubSpot from $675.00 to $650.00 and set a “buy” rating for the company in a research report on Friday, November 7th. BMO Capital Markets dropped their price target on shares of HubSpot from $465.00 to $385.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Mizuho decreased their price objective on shares of HubSpot from $700.00 to $550.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, Argus dropped their target price on shares of HubSpot from $650.00 to $525.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $578.13.

Hedge Funds Weigh In On HubSpot

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strategic Advocates LLC bought a new stake in shares of HubSpot in the 3rd quarter worth approximately $25,000. Turning Point Benefit Group Inc. acquired a new position in shares of HubSpot in the third quarter valued at $25,000. Goodman Advisory Group LLC bought a new position in HubSpot in the second quarter worth $27,000. Whittier Trust Co. boosted its stake in HubSpot by 136.4% during the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after buying an additional 30 shares in the last quarter. Finally, Exane Asset Management acquired a new stake in HubSpot during the third quarter worth $30,000. 90.39% of the stock is currently owned by institutional investors.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.