HubSpot Inc (HUBS) General Counsel Sells $70,378.32 in Stock

HubSpot Inc (NYSE:HUBS) General Counsel John P. Kelleher sold 508 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $138.54, for a total transaction of $70,378.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

HubSpot stock opened at $124.01 on Friday. The stock has a market capitalization of $4.95 billion, a P/E ratio of -121.58 and a beta of 1.91. HubSpot Inc has a 1-year low of $85.65 and a 1-year high of $162.20. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.15 and a current ratio of 3.15.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 7th. The software maker reported ($0.32) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.37). The company had revenue of $131.83 million for the quarter, compared to analysts’ expectations of $126.65 million. HubSpot had a negative return on equity of 19.13% and a negative net margin of 13.43%. The business’s revenue was up 34.9% compared to the same quarter last year. During the same period last year, the business posted $0.03 earnings per share. Sell-side analysts expect that HubSpot Inc will post -0.98 EPS for the current fiscal year.

Several large investors have recently modified their holdings of HUBS. Raymond James & Associates boosted its stake in shares of HubSpot by 4.0% during the second quarter. Raymond James & Associates now owns 20,444 shares of the software maker’s stock valued at $2,564,000 after purchasing an additional 782 shares in the last quarter. Columbia Partners L.L.C. Investment Management boosted its stake in shares of HubSpot by 43.9% during the third 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. Rothschild Asset Management Inc. bought a new position in shares of HubSpot during the second quarter valued at approximately $1,907,000. Rothschild & Co. Asset Management US Inc. boosted its stake in shares of HubSpot by 30.3% during the third 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. Finally, FNY Investment Advisers LLC bought a new position in shares of HubSpot during the third quarter valued at approximately $452,000. 93.62% of the stock is currently owned by institutional investors and hedge funds.

HUBS has been the topic of several recent research reports. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Wednesday, November 14th. Rosenblatt Securities initiated coverage on shares of HubSpot in a research report on Thursday, October 4th. They set a “buy” rating and a $170.00 target price on the stock. Morgan Stanley upped their target price on shares of HubSpot from $119.00 to $148.00 and gave the company an “equal weight” rating in a research report on Friday, September 7th. Oppenheimer increased their price objective on shares of HubSpot from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, November 8th. Finally, Jefferies Financial Group assumed coverage on shares of HubSpot in a research report on Tuesday, October 2nd. They issued a “buy” rating and a $182.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $147.13.

COPYRIGHT VIOLATION WARNING: “HubSpot Inc (HUBS) General Counsel Sells $70,378.32 in Stock” was originally reported by Fairfield Current and is the property of of Fairfield Current. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.fairfieldcurrent.com/news/2018/12/30/hubspot-inc-hubs-general-counsel-john-p-kelleher-sells-508-shares.html.

HubSpot Company Profile

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.