Insider Selling: HubSpot Inc (HUBS) CFO Sells 10,000 Shares of Stock
HubSpot Inc (NYSE:HUBS) CFO John Kinzer sold 10,000 shares of HubSpot stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $69.40, for a total value of $694,000.00. Following the transaction, the chief financial officer now owns 81,658 shares of the company’s stock, valued at approximately $5,667,065.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
John Kinzer also recently made the following trade(s):
- On Thursday, February 16th, John Kinzer sold 19,681 shares of HubSpot stock. The shares were sold at an average price of $59.21, for a total value of $1,165,312.01.
HubSpot Inc (NYSE:HUBS) traded down 0.35% during midday trading on Tuesday, hitting $70.75. 463,946 shares of the company were exchanged. The stock has a 50 day moving average of $64.27 and a 200-day moving average of $57.09. HubSpot Inc has a 1-year low of $41.63 and a 1-year high of $74.80. The stock’s market capitalization is $2.59 billion.
HubSpot (NYSE:HUBS) last released its quarterly earnings results on Tuesday, May 2nd. The software maker reported ($0.22) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.11. HubSpot had a negative net margin of 16.95% and a negative return on equity of 34.53%. The business had revenue of $82.25 million for the quarter, compared to the consensus estimate of $79.33 million. Equities analysts expect that HubSpot Inc will post ($0.08) earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd increased its position in HubSpot by 153.1% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,706 shares of the software maker’s stock valued at $103,000 after buying an additional 1,032 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in HubSpot during the first quarter valued at $151,000. Amalgamated Bank acquired a new position in HubSpot during the first quarter valued at $214,000. Juncture Wealth Strategies LLC acquired a new position in HubSpot during the first quarter valued at $241,000. Finally, Solaris Asset Management LLC increased its position in HubSpot by 5.9% in the first quarter. Solaris Asset Management LLC now owns 4,035 shares of the software maker’s stock valued at $244,000 after buying an additional 226 shares during the last quarter. Institutional investors and hedge funds own 85.89% of the company’s stock.
A number of equities analysts have issued reports on HUBS shares. Piper Jaffray Companies set a $65.00 price target on HubSpot and gave the company a “buy” rating in a research note on Wednesday, January 25th. Oppenheimer Holdings Inc. set a $70.00 price target on HubSpot and gave the company a “buy” rating in a research note on Tuesday, February 7th. Needham & Company LLC reiterated a “buy” rating and set a $65.00 price target on shares of HubSpot in a research note on Thursday, February 16th. William Blair reiterated an “outperform” rating on shares of HubSpot in a research note on Thursday, February 16th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $64.00 target price (up previously from $62.00) on shares of HubSpot in a research report on Thursday, February 16th. Two equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. HubSpot has a consensus rating of “Buy” and an average target price of $68.68.
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.
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