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

HubSpot, Inc. (NYSE:HUBS) insider Erika Ashley Fisher sold 841 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total value of $200,166.41. Following the completion of the transaction, the insider directly owned 10,119 shares of the company’s stock, valued at approximately $2,408,423.19. This trade represents a 7.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 Stock Performance

Shares of HUBS stock traded down $20.50 during trading hours on Thursday, reaching $223.43. The company had a trading volume of 2,291,123 shares, compared to its average volume of 1,430,931. The firm has a market cap of $11.70 billion, a PE ratio of -2,792.88, a price-to-earnings-growth ratio of 5.84 and a beta of 1.44. The business has a fifty day moving average price of $355.20 and a 200-day moving average price of $426.06. HubSpot, Inc. has a one year low of $223.01 and a one year high of $881.13.

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

Hedge Funds Weigh In On HubSpot

Several large investors have recently modified their holdings of the stock. Rakuten Investment Management Inc. purchased a new stake in shares of HubSpot in the third quarter valued at $48,548,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of HubSpot by 19.2% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,533 shares of the software maker’s stock worth $5,306,000 after acquiring an additional 1,533 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of HubSpot by 34.9% during the third quarter. Nordea Investment Management AB now owns 21,638 shares of the software maker’s stock valued at $10,148,000 after purchasing an additional 5,595 shares during the period. Thrivent Financial for Lutherans boosted its stake 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 valued at $11,128,000 after purchasing an additional 4,559 shares during the period. Finally, Triasima Portfolio Management inc. bought a new position in shares of HubSpot in the third quarter worth about $2,079,000. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on HUBS. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of HubSpot in a report on Friday, January 9th. The Goldman Sachs Group lowered their target price on shares of HubSpot from $612.00 to $517.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Mizuho decreased their price target on shares of HubSpot from $700.00 to $550.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Citigroup dropped their price target on HubSpot from $660.00 to $600.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Evercore ISI set a $500.00 price objective on HubSpot in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $578.13.

About HubSpot

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.