HubSpot Inc (NYSE:HUBS) General Counsel John P. Kelleher sold 390 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $172.75, for a total transaction of $67,372.50. Following the completion of the transaction, the general counsel now directly owns 44,735 shares in the company, valued at $7,727,971.25. The sale was disclosed in a document filed with the SEC, which is available at this link.
NYSE:HUBS opened at $169.34 on Wednesday. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 1.30. The company has a market cap of $6.58 billion, a price-to-earnings ratio of -166.02 and a beta of 1.91. HubSpot Inc has a fifty-two week low of $101.45 and a fifty-two week high of $180.00.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, topping the Zacks’ 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 the consensus estimate of $137.48 million. During the same quarter last year, the firm posted $0.12 earnings per share. HubSpot’s revenue was up 35.2% on a year-over-year basis. On average, equities analysts predict that HubSpot Inc will post -1.09 earnings per share for the current fiscal year.
Several analysts recently weighed in on the stock. Stephens initiated coverage on shares of HubSpot in a report on Thursday, January 17th. They issued an “overweight” rating and a $191.00 target price for the company. Oppenheimer reiterated a “market perform” rating on shares of HubSpot in a research note on Thursday, January 24th. UBS Group reiterated a “hold” rating on shares of HubSpot in a research note on Wednesday, February 13th. Royal Bank of Canada boosted their price target on shares of HubSpot to $167.00 and gave the company a “market perform” rating in a research report on Wednesday, February 13th. Finally, Canaccord Genuity boosted their price target on shares of HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. HubSpot presently has an average rating of “Buy” and a consensus price target of $175.31.
Hedge funds have recently modified their holdings of the company. Ffcm LLC acquired a new stake in HubSpot during the 4th quarter valued at $25,000. Executive Wealth Management LLC acquired a new position in HubSpot during the 4th quarter worth $26,000. CWM LLC acquired a new position in HubSpot during the 4th quarter worth $40,000. First Hawaiian Bank acquired a new position in HubSpot during the 4th quarter worth $43,000. Finally, Mckinley Capital Management LLC Delaware acquired a new position in HubSpot during the 4th quarter worth $51,000. 95.68% of the stock is currently owned by institutional investors and hedge funds.
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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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