HubSpot, Inc. (NYSE:HUBS) Director Sells $319,659.75 in Stock
HubSpot, Inc. (NYSE:HUBS) Director Lorrie M. Norrington sold 4,899 shares of the stock in a transaction on Friday, June 30th. The shares were sold at an average price of $65.25, for a total value of $319,659.75. Following the completion of the transaction, the director now owns 2,164 shares of the company’s stock, valued at $141,201. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of HubSpot, Inc. (NYSE HUBS) traded down 3.19% on Monday, reaching $63.65. The company had a trading volume of 124,173 shares. HubSpot, Inc. has a one year low of $41.71 and a one year high of $78.50. The company’s 50-day moving average is $69.87 and its 200-day moving average is $60.62. The company’s market capitalization is $2.33 billion.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, May 2nd. The software maker reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.11. The business had revenue of $82.25 million during the quarter, compared to the consensus estimate of $79.33 million. HubSpot had a negative net margin of 14.78% and a negative return on equity of 35.75%. Equities research analysts predict that HubSpot, Inc. will post ($0.08) earnings per share for the current year.
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A number of research analysts have recently commented on HUBS shares. Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 price target (up from $64.00) on shares of HubSpot in a research note on Thursday, May 4th. Oppenheimer Holdings, Inc. set a $78.00 price target on HubSpot and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Monday, May 1st. Guggenheim started coverage on HubSpot in a research note on Thursday, April 13th. They issued a “buy” rating and a $70.00 price target for the company. Finally, BTIG Research upgraded HubSpot from a “neutral” rating to a “buy” rating and set a $73.00 price target for the company in a research note on Friday, March 31st. Two equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. HubSpot presently has a consensus rating of “Buy” and an average price target of $69.30.
Several institutional investors have recently modified their holdings of the stock. Point72 Asia Hong Kong Ltd increased its position in shares of 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 period. Ameritas Investment Partners Inc. purchased a new position in shares of HubSpot during the first quarter valued at approximately $151,000. Amalgamated Bank purchased a new position in shares of HubSpot during the first quarter valued at approximately $214,000. Juncture Wealth Strategies LLC purchased a new position in shares of HubSpot during the first quarter valued at approximately $241,000. Finally, Solaris Asset Management LLC increased its position in shares of 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 period. 92.56% of the stock is owned by hedge funds and other institutional investors.
HubSpot Company Profile
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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