HubSpot Inc (HUBS) Insider Sells $124,950.00 in Stock

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HubSpot Inc (NYSE:HUBS) insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $124.95, for a total transaction of $124,950.00. Following the transaction, the insider now directly owns 48,950 shares of the company’s stock, valued at $6,116,302.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Hunter Madeley also recently made the following trade(s):

  • On Friday, June 1st, Hunter Madeley sold 1,000 shares of HubSpot stock. The stock was sold at an average price of $121.25, for a total transaction of $121,250.00.
  • On Wednesday, May 2nd, Hunter Madeley sold 1,000 shares of HubSpot stock. The stock was sold at an average price of $105.30, for a total transaction of $105,300.00.

Shares of HUBS stock traded down $6.45 during trading hours on Friday, reaching $127.85. 509,037 shares of the stock traded hands, compared to its average volume of 512,830. HubSpot Inc has a 1-year low of $65.70 and a 1-year high of $143.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.22 and a quick ratio of 3.22. The firm has a market capitalization of $5.20 billion, a P/E ratio of -125.34 and a beta of 1.97.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Thursday, May 10th. The software maker reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. HubSpot had a negative net margin of 11.54% and a negative return on equity of 15.17%. The business had revenue of $114.56 million for the quarter, compared to analyst estimates of $109.89 million. During the same quarter in the previous year, the business earned $0.03 earnings per share. The firm’s revenue was up 39.3% compared to the same quarter last year. sell-side analysts predict that HubSpot Inc will post -1.15 EPS for the current fiscal year.

HUBS has been the subject of a number of research analyst reports. ValuEngine raised shares of HubSpot from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Bank of America upped their price target on shares of HubSpot from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, April 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $119.00 price target (up from $104.00) on shares of HubSpot in a research note on Monday, April 23rd. Stifel Nicolaus upped their price target on shares of HubSpot from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, May 7th. Finally, Canaccord Genuity boosted their target price on shares of HubSpot from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 11th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $110.07.

Several hedge funds have recently added to or reduced their stakes in the company. Zeke Capital Advisors LLC acquired a new stake in shares of HubSpot during the second quarter valued at approximately $216,000. Cornerstone Wealth Management LLC acquired a new stake in shares of HubSpot during the second quarter valued at approximately $217,000. Sit Investment Associates Inc. raised its holdings in shares of HubSpot by 57.9% during the second quarter. Sit Investment Associates Inc. now owns 14,450 shares of the software maker’s stock valued at $1,812,000 after acquiring an additional 5,300 shares during the period. Fred Alger Management Inc. increased its stake in HubSpot by 0.3% in the 2nd quarter. Fred Alger Management Inc. now owns 265,410 shares of the software maker’s stock valued at $33,282,000 after buying an additional 703 shares during the period. Finally, Amalgamated Bank increased its stake in HubSpot by 18.9% in the 2nd quarter. Amalgamated Bank now owns 5,540 shares of the software maker’s stock valued at $695,000 after buying an additional 879 shares during the period. Institutional investors and hedge funds own 96.30% of the company’s stock.

About HubSpot

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.

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Insider Buying and Selling by Quarter for HubSpot (NYSE:HUBS)

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