Kathryn Bueker Sells 1,796 Shares of HubSpot, Inc. (NYSE:HUBS) Stock

HubSpot, Inc. (NYSE:HUBS) CFO Kathryn Bueker sold 1,796 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $1,260,055.64. Following the completion of the transaction, the chief financial officer now owns 38,560 shares in the company, valued at approximately $27,053,310.40. This trade represents a 4.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Kathryn Bueker also recently made the following trade(s):

• On Tuesday, November 12th, Kathryn Bueker sold 4,381 shares of HubSpot stock. The shares were sold at an average price of $700.00, for a total value of $3,066,700.00.
• On Thursday, October 10th, Kathryn Bueker sold 1,804 shares of HubSpot stock. The shares were sold at an average price of $550.00, for a total value of $992,200.00.

HubSpot Price Performance

HUBS opened at $707.59 on Tuesday. The stock’s 50 day moving average price is $692.11 and its 200 day moving average price is $578.23. The stock has a market cap of $36.53 billion, a P/E ratio of -2,620.61, a P/E/G ratio of 87.75 and a beta of 1.70. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $762.47.

HubSpot (NYSE:HUBS) last issued 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. The business had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company’s revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) earnings per share. Equities analysts anticipate that HubSpot, Inc. will post 0.4 EPS for the current year.

Institutional Investors Weigh In On HubSpot

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after purchasing an additional 480,796 shares during the period. Fred Alger Management LLC grew its holdings in HubSpot by 516.2% during the second quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker’s stock worth $96,307,000 after acquiring an additional 136,793 shares during the period. International Assets Investment Management LLC grew its holdings in HubSpot by 214,342.4% during the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock worth $672,590,000 after acquiring an additional 126,462 shares during the period. Marshall Wace LLP raised its position in HubSpot by 88.7% in the second quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock worth $142,468,000 after acquiring an additional 113,555 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of HubSpot by 17.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after purchasing an additional 86,688 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on HUBS. Oppenheimer lifted their price target on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Royal Bank of Canada increased their price target on shares of HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday. UBS Group upgraded HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Piper Sandler cut HubSpot from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $570.00 to $640.00 in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group boosted their price target on HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a 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. According to MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and a consensus target price of $705.64.

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.