Kathryn Bueker Sells 1,136 Shares of HubSpot, Inc. (NYSE:HUBS) Stock

HubSpot, Inc. (NYSE:HUBS) CFO Kathryn Bueker sold 1,136 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the transaction, the chief financial officer now owns 41,259 shares in the company, valued at $21,695,632.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

HubSpot Stock Performance

HUBS opened at $535.20 on Friday. The firm has a market cap of $27.27 billion, a P/E ratio of -201.96, a PEG ratio of 7,010.23 and a beta of 1.64. The firm has a 50-day moving average of $498.80 and a 200 day moving average of $560.66. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.30. The company had revenue of $637.20 million during the quarter, compared to analyst estimates of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.17) earnings per share.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of research reports. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price on the stock in a research report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and set a $730.00 target price on shares of HubSpot in a research report on Thursday, September 19th. Raymond James lowered their price objective on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Barclays lowered their price objective on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Finally, Citigroup lowered their price objective on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $610.79.

Institutional Investors Weigh In On HubSpot

Several institutional investors have recently added to or reduced their stakes in HUBS. Riverview Trust Co purchased a new stake in HubSpot during the first quarter valued at about $27,000. Geneos Wealth Management Inc. lifted its holdings in HubSpot by 1,125.0% during the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after purchasing an additional 45 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in HubSpot during the second quarter valued at about $35,000. Crewe Advisors LLC lifted its holdings in HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after purchasing an additional 63 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC lifted its holdings in HubSpot by 54.0% during the first quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker’s stock valued at $48,000 after purchasing an additional 27 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Company Profile

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.