HubSpot Inc (NYSE:HUBS) Director Lorrie M. Norrington sold 28,333 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $178.10, for a total transaction of $5,046,107.30. Following the transaction, the director now owns 30,679 shares of the company’s stock, valued at approximately $5,463,929.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
HUBS traded up $0.97 on Friday, reaching $179.71. 377,948 shares of the company traded hands, compared to its average volume of 579,473. HubSpot Inc has a one year low of $108.39 and a one year high of $192.49. The firm has a fifty day moving average price of $175.21. The firm has a market capitalization of $7.53 billion, a P/E ratio of -176.19 and a beta of 1.71. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.83.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.10. HubSpot had a negative net margin of 10.81% and a negative return on equity of 10.68%. The company had revenue of $151.80 million during the quarter, compared to analyst estimates of $147.47 million. During the same quarter last year, the business posted $0.15 EPS. The firm’s revenue for the quarter was up 32.5% on a year-over-year basis. Equities research analysts expect that HubSpot Inc will post -0.86 earnings per share for the current year.
Several equities research analysts have recently issued reports on the stock. Goldman Sachs Group assumed coverage on shares of HubSpot in a report on Friday, June 7th. They issued a “buy” rating and a $223.00 target price for the company. Stifel Nicolaus upgraded shares of Protagonist Therapeutics from a “hold” rating to a “buy” rating and raised their target price for the stock from $11.00 to $17.00 in a report on Wednesday, May 8th. Zacks Investment Research upgraded shares of Hope Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. Guggenheim restated a “buy” rating on shares of HubSpot in a report on Wednesday, March 20th. Finally, Royal Bank of Canada lowered their target price on shares of Toromont Industries from C$66.00 to C$65.00 and set a “sector perform” rating for the company in a report on Monday, May 6th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $189.50.
A number of institutional investors and hedge funds have recently made changes to their positions in HUBS. Prudential Financial Inc. increased its position in HubSpot by 18.9% during the 4th quarter. Prudential Financial Inc. now owns 5,530 shares of the software maker’s stock valued at $695,000 after purchasing an additional 880 shares during the period. LPL Financial LLC increased its position in HubSpot by 121.6% during the 4th quarter. LPL Financial LLC now owns 8,577 shares of the software maker’s stock valued at $1,078,000 after purchasing an additional 4,706 shares during the period. Raymond James & Associates increased its position in HubSpot by 6.3% during the 4th quarter. Raymond James & Associates now owns 18,122 shares of the software maker’s stock valued at $2,278,000 after purchasing an additional 1,068 shares during the period. Commonwealth Equity Services LLC increased its position in HubSpot by 24.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 6,173 shares of the software maker’s stock valued at $776,000 after purchasing an additional 1,218 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in HubSpot by 45.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 4,863 shares of the software maker’s stock valued at $611,000 after purchasing an additional 1,518 shares during the period. Institutional investors own 94.60% of the company’s stock.
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
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