HubSpot Inc (NYSE:HUBS) General Counsel John P. Kelleher sold 390 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $181.00, for a total transaction of $70,590.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NYSE HUBS traded up $4.70 during trading hours on Friday, reaching $184.36. 388,952 shares of the company’s stock traded hands, compared to its average volume of 570,034. HubSpot Inc has a 52-week low of $106.65 and a 52-week high of $186.96. The stock has a market cap of $7.75 billion, a P/E ratio of -180.75 and a beta of 1.91. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.01.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.54. The company had revenue of $144.02 million during the quarter, compared to analysts’ expectations of $137.48 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. HubSpot’s revenue was up 35.2% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS. Research analysts expect that HubSpot Inc will post -1.1 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on HUBS shares. Zacks Investment Research cut shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Stephens started coverage on shares of HubSpot in a research report on Thursday, January 17th. They issued an “overweight” rating and a $191.00 target price for the company. Bank of America reaffirmed a “buy” rating and issued a $185.00 target price (up from $180.00) on shares of HubSpot in a research report on Wednesday, January 23rd. UBS Group cut shares of HubSpot from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 24th. Finally, Oppenheimer reissued a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. HubSpot presently has an average rating of “Buy” and a consensus price target of $177.12.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc increased its stake in HubSpot by 3.1% during the 3rd quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after purchasing an additional 95,762 shares in the last quarter. Vanguard Group Inc. increased its stake in HubSpot by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after purchasing an additional 95,762 shares in the last quarter. Jennison Associates LLC increased its stake in HubSpot by 2.2% during the 4th quarter. Jennison Associates LLC now owns 963,745 shares of the software maker’s stock valued at $121,172,000 after purchasing an additional 20,323 shares in the last quarter. Northern Trust Corp increased its stake in HubSpot by 2.3% during the 4th quarter. Northern Trust Corp now owns 477,231 shares of the software maker’s stock valued at $60,002,000 after purchasing an additional 10,866 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in HubSpot by 1.3% during the 3rd quarter. Clearbridge Investments LLC now owns 465,640 shares of the software maker’s stock valued at $70,288,000 after purchasing an additional 6,097 shares in the last quarter. Institutional investors and hedge funds own 96.87% 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. The company’s software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
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