Investors Buy Large Volume of Put Options on HubSpot (HUBS)

HubSpot Inc (NYSE:HUBS) was the target of some unusual options trading activity on Friday. Investors acquired 848 put options on the company. This is an increase of approximately 922% compared to the average daily volume of 83 put options.

Shares of HubSpot (NYSE HUBS) opened at $91.05 on Monday. The firm has a market cap of $3,402.72, a P/E ratio of -78.49 and a beta of 2.24. HubSpot has a one year low of $54.95 and a one year high of $102.30. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.41.

A number of research analysts have issued reports on HUBS shares. Zacks Investment Research raised shares of HubSpot from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Tuesday, January 2nd. Morgan Stanley boosted their target price on shares of HubSpot from $90.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, October 23rd. UBS Group boosted their target price on shares of HubSpot from $84.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Needham & Company LLC boosted their target price on shares of HubSpot to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Finally, Oppenheimer set a $91.00 target price on shares of HubSpot and gave the company a “buy” rating in a research note on Wednesday, October 25th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $86.31.

In other HubSpot news, insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $81.60, for a total transaction of $81,600.00. Following the completion of the transaction, the insider now directly owns 59,264 shares of the company’s stock, valued at approximately $4,835,942.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $88.30, for a total transaction of $2,207,500.00. Following the transaction, the chief executive officer now directly owns 796,119 shares of the company’s stock, valued at $70,297,307.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,000 shares of company stock valued at $3,134,850. Insiders own 12.10% of the company’s stock.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of HubSpot by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,626,896 shares of the software maker’s stock worth $172,718,000 after acquiring an additional 97,869 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of HubSpot by 10.6% in the 4th quarter. Bank of New York Mellon Corp now owns 2,395,691 shares of the software maker’s stock worth $211,779,000 after acquiring an additional 229,182 shares during the period. BlackRock Inc. lifted its stake in shares of HubSpot by 3.2% in the 4th quarter. BlackRock Inc. now owns 2,302,801 shares of the software maker’s stock worth $203,569,000 after acquiring an additional 71,538 shares during the period. Jennison Associates LLC lifted its stake in shares of HubSpot by 135.8% in the 4th quarter. Jennison Associates LLC now owns 1,273,084 shares of the software maker’s stock worth $112,541,000 after acquiring an additional 733,246 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of HubSpot by 7.8% in the 4th quarter. First Trust Advisors LP now owns 961,683 shares of the software maker’s stock worth $85,013,000 after purchasing an additional 69,612 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

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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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