John Kinzer Sells 15,000 Shares of HubSpot, Inc. (HUBS) Stock
HubSpot, Inc. (NYSE:HUBS) CFO John Kinzer sold 15,000 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $67.23, for a total transaction of $1,008,450.00. Following the completion of the transaction, the chief financial officer now owns 92,380 shares of the company’s stock, valued at $6,210,707.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of HubSpot, Inc. (HUBS) traded up 3.79% during trading on Monday, hitting $69.90. 333,560 shares of the stock traded hands. The stock’s market cap is $2.59 billion. The firm’s 50-day moving average price is $69.87 and its 200-day moving average price is $65.30. HubSpot, Inc. has a 12 month low of $44.90 and a 12 month high of $78.50.
HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.08. The firm had revenue of $89.10 million during the quarter, compared to analyst estimates of $85.80 million. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The business’s revenue was up 37.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.07) EPS. Analysts anticipate that HubSpot, Inc. will post $0.05 EPS for the current year.
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HUBS has been the subject of several research reports. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Monday, May 1st. Stephens reissued an “overweight” rating and issued a $76.00 price target (up from $70.00) on shares of HubSpot in a research note on Thursday, May 4th. Oppenheimer Holdings, Inc. set a $78.00 price target on shares of HubSpot and gave the stock a “buy” rating in a research note on Wednesday, May 3rd. Morgan Stanley boosted their price target on shares of HubSpot from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, July 20th. Finally, CIBC reissued a “buy” rating and issued a $78.00 price target on shares of HubSpot in a research note on Thursday, May 4th. Four investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $72.19.
Several large investors have recently added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd raised its stake 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 period. ETF Managers Group LLC purchased a new stake in HubSpot during the second quarter valued at about $110,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in HubSpot by 136.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker’s stock valued at $113,000 after buying an additional 994 shares during the period. Sei Investments Co. raised its stake in HubSpot by 41.3% in the second quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock valued at $142,000 after buying an additional 631 shares during the period. Finally, Ameritas Investment Partners Inc. purchased a new stake in HubSpot during the first quarter valued at about $151,000. Hedge funds and other institutional investors own 96.19% of the company’s stock.
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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