HubSpot (NYSE:HUBS) Insider Erika Ashley Fisher Sells 589 Shares of Stock

HubSpot, Inc. (NYSE:HUBS) insider Erika Ashley Fisher sold 589 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $251.88, for a total value of $148,357.32. Following the completion of the sale, the insider directly owned 10,960 shares in the company, valued at approximately $2,760,604.80. The trade was a 5.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, February 4th, Erika Ashley Fisher sold 841 shares of HubSpot stock. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41.

HubSpot Stock Performance

Shares of HUBS traded up $1.34 during mid-day trading on Friday, reaching $224.83. The company had a trading volume of 190,053 shares, compared to its average volume of 1,374,829. The firm has a 50-day moving average price of $355.20 and a 200 day moving average price of $426.06. The company has a market capitalization of $11.78 billion, a price-to-earnings ratio of -2,854.68, a price-to-earnings-growth ratio of 5.79 and a beta of 1.44. HubSpot, Inc. has a 52 week low of $223.01 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The business had revenue of $809.52 million during the quarter, compared to analyst estimates of $786.80 million. During the same period last year, the business earned $2.18 EPS. HubSpot’s revenue was up 20.9% compared to the same quarter last year. As a group, research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HUBS shares. The Goldman Sachs Group decreased their target price on HubSpot from $612.00 to $517.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Mizuho lowered their target price on HubSpot from $700.00 to $550.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Rothschild & Co Redburn reissued a “neutral” rating and set a $450.00 target price (down previously from $610.00) on shares of HubSpot in a research report on Monday, November 10th. Jefferies Financial Group dropped their target price on HubSpot from $650.00 to $560.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Finally, Piper Sandler decreased their target price on shares of HubSpot from $590.00 to $400.00 and set an “overweight” rating for the company in a research report on Monday. One equities research 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 issued a Sell rating to the company. Based on data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $578.13.

Institutional Investors Weigh In On HubSpot

Several hedge funds have recently modified their holdings of HUBS. Goodman Advisory Group LLC purchased a new stake in shares of HubSpot in the second quarter valued at approximately $27,000. Whittier Trust Co. increased its stake in shares of HubSpot by 136.4% during the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Rakuten Securities Inc. lifted its stake in HubSpot by 783.3% in the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after buying an additional 47 shares in the last quarter. Strategic Advocates LLC purchased a new stake in HubSpot during the 3rd quarter worth approximately $25,000. Finally, Turning Point Benefit Group Inc. acquired a new position in HubSpot in the 3rd quarter valued at $25,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.