HubSpot, Inc. (NYSE:HUBS) Director Lorrie M. Norrington Sells 572 Shares

HubSpot, Inc. (NYSE:HUBS - Get Free Report) Director Lorrie M. Norrington sold 572 shares of the company's stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $721.60, for a total transaction of $412,755.20. Following the completion of the transaction, the director now owns 1,125 shares in the company, valued at approximately $811,800. This trade represents a 33.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

HubSpot Stock Performance

Shares of NYSE HUBS traded down $8.65 during midday trading on Monday, reaching $699.51. The stock had a trading volume of 239,135 shares, compared to its average volume of 578,857. The company's 50 day moving average price is $676.90 and its 200 day moving average price is $573.55. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $762.47. The firm has a market cap of $36.11 billion, a price-to-earnings ratio of -2,590.68, a price-to-earnings-growth ratio of 88.26 and a beta of 1.70.

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, topping the consensus estimate of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same period last year, the company posted ($0.04) EPS. The business's quarterly revenue was up 20.1% on a year-over-year basis. Equities analysts forecast that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HubSpot

Several institutional investors have recently made changes to their positions in HUBS. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot during the third quarter worth approximately $25,000. International Assets Investment Management LLC bought a new position in shares of HubSpot in the second quarter valued at $35,000. HM Payson & Co. lifted its stake in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker's stock valued at $36,000 after buying an additional 18 shares in the last quarter. Crewe Advisors LLC grew its holdings in shares of HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker's stock valued at $55,000 after buying an additional 28 shares during the last quarter. Finally, True Wealth Design LLC bought a new stake in shares of HubSpot during the third quarter worth about $62,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on HUBS. The Goldman Sachs Group lifted their price objective on shares of HubSpot from $626.00 to $690.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. BMO Capital Markets lifted their price target on shares of HubSpot from $570.00 to $690.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. UBS Group raised HubSpot from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 16th. Wells Fargo & Company lifted their price objective on HubSpot from $625.00 to $750.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. increased their target price on HubSpot from $560.00 to $635.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $702.23.

About HubSpot

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.