HubSpot Inc (NYSE:HUBS) was the recipient of some unusual options trading on Tuesday. Investors acquired 4,231 put options on the stock. This represents an increase of approximately 1,256% compared to the average daily volume of 312 put options.
HUBS has been the subject of a number of recent research reports. 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, January 23rd. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Wednesday, November 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $198.00 price target (up from $145.00) on shares of HubSpot in a report on Wednesday, February 13th. Canaccord Genuity raised their price target on HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Finally, Jefferies Financial Group raised their price target on HubSpot to $200.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Nine 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. The company has a consensus rating of “Buy” and a consensus target price of $170.29.
In other HubSpot news, General Counsel John P. Kelleher sold 508 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $138.54, for a total value of $70,378.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Halligan sold 15,277 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 680,046 shares of the company’s stock, valued at $83,768,066.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,763 shares of company stock valued at $10,819,780. 9.60% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of HUBS. Ffcm LLC bought a new position in HubSpot during the fourth quarter worth about $25,000. Executive Wealth Management LLC bought a new position in HubSpot during the fourth quarter worth about $26,000. CWM LLC bought a new position in HubSpot during the fourth quarter worth about $40,000. First Hawaiian Bank bought a new position in HubSpot during the fourth quarter worth about $43,000. Finally, Mckinley Capital Management LLC Delaware bought a new position in HubSpot during the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 95.01% of the company’s stock.
NYSE:HUBS opened at $165.62 on Wednesday. HubSpot has a 12-month low of $101.45 and a 12-month high of $180.00. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.01 and a current ratio of 3.01. The firm has a market capitalization of $6.56 billion, a PE ratio of -162.37 and a beta of 1.92.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. The business had revenue of $144.02 million for the quarter, compared to analyst estimates of $137.48 million. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The firm’s revenue was up 35.2% on a year-over-year basis. During the same period last year, the company earned $0.12 EPS. Analysts forecast that HubSpot will post -1.1 EPS for the current fiscal year.
WARNING: “Stock Traders Buy Large Volume of Put Options on HubSpot (HUBS)” was posted by Fairfield Current and is the property of of Fairfield Current. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://www.fairfieldcurrent.com/news/2019/02/20/hubspot-target-of-unusually-large-options-trading-hubs.html.
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.
Further Reading: What is the Coverage Ratio?
Receive News & Ratings for HubSpot Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for HubSpot and related companies with MarketBeat.com’s FREE daily email newsletter.