HubSpot Inc (NYSE:HUBS) Director Lorrie M. Norrington sold 28,333 shares of HubSpot stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $178.10, for a total value of $5,046,107.30. Following the completion of the sale, the director now owns 30,679 shares in the company, valued at $5,463,929.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
HubSpot stock opened at $185.18 on Monday. The stock has a market capitalization of $7.80 billion, a PE ratio of -181.55 and a beta of 1.71. The company has a debt-to-equity ratio of 0.83, a quick ratio of 4.03 and a current ratio of 4.03. HubSpot Inc has a one year low of $108.39 and a one year high of $192.49. The firm’s fifty day moving average price is $176.86.
HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.10. HubSpot had a negative return on equity of 10.68% and a negative net margin of 10.81%. The company had revenue of $151.80 million during the quarter, compared to analysts’ expectations of $147.47 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. HubSpot’s revenue for the quarter was up 32.5% compared to the same quarter last year. Equities research analysts anticipate that HubSpot Inc will post -0.86 EPS for the current fiscal year.
Several equities research analysts recently weighed in on HUBS shares. SunTrust Banks lifted their price target on HubSpot to $205.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Royal Bank of Canada dropped their price target on Toromont Industries from C$66.00 to C$65.00 and set a “sector perform” rating on the stock in a research report on Monday, May 6th. JPMorgan Chase & Co. lifted their price target on LYFT from $82.00 to $86.00 in a research report on Wednesday, May 8th. Piper Jaffray Companies lifted their price objective on Shopify from $149.00 to $216.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Finally, Stifel Nicolaus upgraded Protagonist Therapeutics from a “hold” rating to a “buy” rating and lifted their price objective for the company from $11.00 to $17.00 in a research note on Wednesday, May 8th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. HubSpot has an average rating of “Buy” and a consensus target price of $189.50.
A number of large investors have recently added to or reduced their stakes in HUBS. Norges Bank bought a new stake in HubSpot during the fourth quarter valued at about $52,232,000. 1832 Asset Management L.P. boosted its stake in shares of HubSpot by 2,435.9% in the fourth quarter. 1832 Asset Management L.P. now owns 388,000 shares of the software maker’s stock worth $47,549,000 after acquiring an additional 372,700 shares during the period. North Peak Capital Management LLC bought a new position in shares of HubSpot in the fourth quarter worth about $15,397,000. Polar Capital LLP boosted its stake in shares of HubSpot by 51.4% in the fourth quarter. Polar Capital LLP now owns 309,191 shares of the software maker’s stock worth $38,875,000 after acquiring an additional 104,956 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of HubSpot by 357.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 115,927 shares of the software maker’s stock worth $19,268,000 after acquiring an additional 90,590 shares during the period. 94.60% of the stock is owned by institutional investors and hedge funds.
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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