HubSpot, Inc. (NYSE:HUBS - Get Free Report) Director Lorrie M. Norrington sold 572 shares of the business's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $690.00, for a total value of $394,680.00. Following the completion of the transaction, the director now owns 1,697 shares in the company, valued at $1,170,930. This trade represents a 25.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
HubSpot Trading Up 0.5 %
NYSE:HUBS traded up $3.31 during trading hours on Thursday, hitting $724.67. The stock had a trading volume of 154,161 shares, compared to its average volume of 581,447. The business has a 50 day simple moving average of $670.15 and a two-hundred day simple moving average of $572.08. The company has a market cap of $37.41 billion, a PE ratio of -2,683.86, a price-to-earnings-growth ratio of 88.26 and a beta of 1.70. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $762.47.
HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company had revenue of $669.72 million during the quarter, compared to analysts' expectations of $646.97 million. During the same period in the prior year, the company posted ($0.04) EPS. The firm's revenue for the quarter was up 20.1% on a year-over-year basis. Research analysts expect that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.
Institutional Investors Weigh In On HubSpot
Hedge funds and other institutional investors have recently bought and sold shares of the business. GDS Wealth Management bought a new stake in shares of HubSpot in the third quarter worth $2,149,000. Pallas Capital Advisors LLC bought a new position in HubSpot during the 3rd quarter worth approximately $624,000. Icon Wealth Advisors LLC increased its holdings in shares of HubSpot by 3,346.2% in the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker's stock valued at $11,212,000 after acquiring an additional 20,479 shares during the last quarter. Headlands Technologies LLC bought a new position in HubSpot during the second quarter worth $3,135,000. Finally, Curi RMB Capital LLC boosted its holdings in HubSpot by 15.1% in the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker's stock worth $3,797,000 after purchasing an additional 937 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on HUBS shares. Evercore ISI increased their price target on HubSpot from $610.00 to $700.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. Canaccord Genuity Group raised their price objective on shares of HubSpot from $600.00 to $710.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Barclays raised their price target on HubSpot from $500.00 to $650.00 and gave the company an "equal weight" rating in a report on Friday, November 8th. Piper Sandler cut HubSpot from an "overweight" rating to a "neutral" rating and increased their price objective for the stock from $570.00 to $640.00 in a research report on Thursday, November 7th. Finally, BMO Capital Markets boosted their target price on shares of HubSpot from $570.00 to $690.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $702.23.
Read Our Latest Analysis on HubSpot
HubSpot Company Profile
(
Get Free Report)
HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.
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