Erika Ashley Fisher Sells 841 Shares of HubSpot (NYSE:HUBS) Stock

HubSpot, Inc. (NYSE:HUBS) insider Erika Ashley Fisher sold 841 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the sale, the insider owned 10,119 shares of the company’s stock, valued at approximately $2,408,423.19. The trade was a 7.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Erika Ashley Fisher also recently made the following trade(s):

• On Tuesday, February 3rd, Erika Ashley Fisher sold 589 shares of HubSpot stock. The shares were sold at an average price of $251.88, for a total transaction of $148,357.32.

HubSpot Trading Up 4.0%

Shares of NYSE:HUBS opened at $232.36 on Friday. The firm has a market cap of $12.17 billion, a price-to-earnings ratio of -2,904.50, a P/E/G ratio of 5.31 and a beta of 1.44. HubSpot, Inc. has a 1 year low of $223.01 and a 1 year high of $881.13. The business has a fifty day simple moving average of $352.50 and a 200 day simple moving average of $423.88.

HubSpot (NYSE:HUBS) last issued its earnings results on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.08. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The firm had revenue of $809.52 million for the quarter, compared to the consensus estimate of $786.80 million. During the same quarter in the previous year, the company posted $2.18 earnings per share. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. On average, sell-side analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

Hedge Funds Weigh In On HubSpot

A number of institutional investors have recently made changes to their positions in HUBS. Thrivent Financial for Lutherans increased its holdings in shares of HubSpot by 23.7% during the third quarter. Thrivent Financial for Lutherans now owns 23,789 shares of the software maker’s stock worth $11,128,000 after buying an additional 4,559 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in HubSpot in the 3rd quarter valued at $48,548,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in HubSpot by 19.2% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,533 shares of the software maker’s stock worth $5,306,000 after purchasing an additional 1,533 shares in the last quarter. Nordea Investment Management AB boosted its stake in HubSpot by 34.9% in the third quarter. Nordea Investment Management AB now owns 21,638 shares of the software maker’s stock worth $10,148,000 after purchasing an additional 5,595 shares in the last quarter. Finally, Triasima Portfolio Management inc. bought a new stake in shares of HubSpot during the third quarter worth $2,079,000. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on HUBS. Wall Street Zen raised shares of HubSpot from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of HubSpot in a research note on Friday, January 9th. UBS Group lowered their target price on shares of HubSpot from $600.00 to $450.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Wells Fargo & Company cut their target price on HubSpot from $685.00 to $600.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Finally, Barclays decreased their price target on HubSpot from $575.00 to $525.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $578.13.

HubSpot Company Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.