HubSpot Inc (NYSE:HUBS) was the target of unusually large options trading on Thursday. Stock traders purchased 1,254 put options on the stock. This is an increase of 981% compared to the average daily volume of 116 put options.
In other news, CEO Brian Halligan sold 15,277 shares of the business’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $123.18, for a total value of $1,881,820.86. Following the completion of the sale, the chief executive officer now directly owns 680,046 shares of the company’s stock, valued at approximately $83,768,066.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $137.61, for a total value of $137,610.00. Following the completion of the sale, the insider now directly owns 36,797 shares of the company’s stock, valued at $5,063,635.17. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,884 shares of company stock valued at $9,389,695. Insiders own 9.60% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of HUBS. First Hawaiian Bank purchased a new position in shares of HubSpot during the 4th quarter worth approximately $43,000. DekaBank Deutsche Girozentrale raised its stake in shares of HubSpot by 85.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock worth $119,000 after buying an additional 385 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of HubSpot during the 3rd quarter worth approximately $160,000. Harvest Fund Management Co. Ltd purchased a new position in shares of HubSpot during the 3rd quarter worth approximately $182,000. Finally, Global X Management Co LLC purchased a new position in shares of HubSpot during the 2nd quarter worth approximately $172,000. 93.64% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on the company. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $158.00 target price for the company in a report on Tuesday, January 15th. Oppenheimer reissued a “market perform” rating on shares of HubSpot in a report on Thursday. Bank of America reissued a “buy” rating and issued a $185.00 target price (up from $180.00) on shares of HubSpot in a report on Wednesday. CIBC reissued a “market perform” rating on shares of HubSpot in a report on Thursday. Finally, Morgan Stanley upped their price objective on HubSpot from $141.00 to $146.00 and gave the company an “equal weight” rating in a research note on Thursday, November 8th. Eight 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 stock. HubSpot presently has a consensus rating of “Buy” and a consensus price target of $152.25.
HUBS opened at $149.92 on Friday. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.37. The company has a market cap of $5.96 billion, a price-to-earnings ratio of -146.98 and a beta of 1.80. HubSpot has a 52 week low of $85.65 and a 52 week high of $162.20.
HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 7th. The software maker reported ($0.32) EPS for the quarter, missing the Thomson Reuters’ 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 net margin of 13.43% and a negative return on equity of 19.13%. The firm’s revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.03 earnings per share. On average, equities research analysts expect that HubSpot will post -0.98 earnings per share for the current fiscal year.
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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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