HubSpot Inc (NYSE:HUBS) insider Dharmesh Shah sold 28,000 shares of HubSpot stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $166.53, for a total transaction of $4,662,840.00. Following the sale, the insider now owns 1,545,145 shares of the company’s stock, valued at $257,312,996.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
HUBS traded up $0.38 during trading on Friday, hitting $162.57. The stock had a trading volume of 457,300 shares, compared to its average volume of 662,798. The stock has a market capitalization of $6.69 billion, a P/E ratio of -159.38 and a beta of 1.92. HubSpot Inc has a twelve month low of $101.45 and a twelve month high of $180.00. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.01 and a current ratio of 3.01.
HubSpot (NYSE:HUBS) last issued its earnings results on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, topping the consensus estimate of ($0.17) by $0.54. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The company had revenue of $144.02 million for the quarter, compared to analyst estimates of $137.48 million. During the same period in the previous year, the firm earned $0.12 EPS. The business’s revenue was up 35.2% on a year-over-year basis. Sell-side analysts predict that HubSpot Inc will post -1.09 EPS for the current year.
HUBS has been the subject of several recent research reports. Zacks Investment Research lowered shares of HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. Deutsche Bank started coverage on shares of HubSpot in a research note on Friday, January 25th. They issued a “hold” rating and a $150.00 price target for the company. Bank of America reiterated a “buy” rating and issued a $185.00 price target (up previously from $180.00) on shares of HubSpot in a research note on Wednesday, January 23rd. CIBC reiterated a “market perform” rating on shares of HubSpot in a research note on Thursday, January 24th. Finally, Jefferies Financial Group lifted their price target on shares of HubSpot to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. HubSpot currently has a consensus rating of “Buy” and an average price target of $170.29.
Several institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc lifted its holdings in HubSpot by 7.3% in the 3rd quarter. Legal & General Group Plc now owns 13,298 shares of the software maker’s stock valued at $2,007,000 after purchasing an additional 904 shares in the last quarter. MetLife Investment Advisors LLC lifted its holdings in HubSpot by 50.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 24,742 shares of the software maker’s stock valued at $3,735,000 after purchasing an additional 8,264 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in HubSpot in the 3rd quarter valued at about $452,000. Columbia Partners L.L.C. Investment Management lifted its holdings in HubSpot by 43.9% in the 3rd quarter. Columbia Partners L.L.C. Investment Management now owns 42,292 shares of the software maker’s stock valued at $6,383,000 after purchasing an additional 12,912 shares in the last quarter. Finally, Rothschild & Co. Asset Management US Inc. lifted its holdings in HubSpot by 30.3% in the 3rd quarter. Rothschild & Co. Asset Management US Inc. now owns 19,820 shares of the software maker’s stock valued at $2,992,000 after purchasing an additional 4,614 shares in the last quarter. Institutional investors and hedge funds own 95.01% of the company’s stock.
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About HubSpot
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.
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