HubSpot Inc (NYSE:HUBS) Director Ronald S. Gill sold 4,140 shares of the firm’s stock in a transaction that occurred on Wednesday, October 10th. The shares were sold at an average price of $133.62, for a total value of $553,186.80. Following the sale, the director now owns 18,214 shares of the company’s stock, valued at approximately $2,433,754.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of HUBS opened at $129.73 on Friday. The company has a market capitalization of $5.86 billion, a PE ratio of -127.19 and a beta of 1.94. The company has a quick ratio of 3.26, a current ratio of 3.26 and a debt-to-equity ratio of 1.35. HubSpot Inc has a 52 week low of $73.15 and a 52 week high of $162.20.
HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 1st. The software maker reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $122.60 million during the quarter, compared to analyst estimates of $117.75 million. HubSpot had a negative return on equity of 17.00% and a negative net margin of 12.64%. The business’s revenue was up 37.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS. Equities analysts expect that HubSpot Inc will post -1.1 earnings per share for the current year.
HUBS has been the subject of a number of recent analyst reports. UBS Group restated a “buy” rating on shares of HubSpot in a research note on Tuesday, August 7th. Rosenblatt Securities initiated coverage on HubSpot in a research note on Thursday, October 4th. They set a “buy” rating and a $170.00 price objective for the company. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $144.00 price objective for the company in a research note on Thursday, August 2nd. Morgan Stanley raised their price objective on HubSpot from $119.00 to $148.00 and gave the company an “equal weight” rating in a research note on Friday, September 7th. Finally, Jefferies Financial Group initiated coverage on HubSpot in a research note on Tuesday, October 2nd. They set a “buy” rating and a $182.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. HubSpot presently has a consensus rating of “Buy” and an average price target of $140.00.
Several institutional investors and hedge funds have recently modified their holdings of the company. Aperio Group LLC grew its position in shares of HubSpot by 16.3% in the 2nd quarter. Aperio Group LLC now owns 3,835 shares of the software maker’s stock worth $481,000 after acquiring an additional 537 shares in the last quarter. Cambridge Trust Co. grew its position in shares of HubSpot by 14.1% in the 2nd quarter. Cambridge Trust Co. now owns 5,234 shares of the software maker’s stock worth $656,000 after acquiring an additional 646 shares in the last quarter. Fred Alger Management Inc. grew its position in shares of HubSpot by 0.3% in the 2nd quarter. Fred Alger Management Inc. now owns 265,410 shares of the software maker’s stock worth $33,282,000 after acquiring an additional 703 shares in the last quarter. MetLife Investment Advisors LLC lifted its holdings in shares of HubSpot by 4.6% in the 2nd quarter. MetLife Investment Advisors LLC now owns 16,478 shares of the software maker’s stock worth $2,066,000 after purchasing an additional 719 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of HubSpot by 4.0% in the 2nd quarter. Raymond James & Associates now owns 20,444 shares of the software maker’s stock worth $2,564,000 after purchasing an additional 782 shares during the last quarter. Institutional investors own 96.39% of the company’s stock.
HubSpot Company Profile
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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