HubSpot, Inc. (NYSE:HUBS – Get Free Report) CFO Kathryn Bueker sold 1,136 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total value of $597,354.24. Following the sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $21,695,632.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
HubSpot Stock Performance
Shares of NYSE:HUBS traded up $3.16 during midday trading on Thursday, reaching $517.72. 315,885 shares of the company’s stock traded hands, compared to its average volume of 613,278. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85. The stock has a 50 day moving average of $497.54 and a 200 day moving average of $561.41. The company has a market cap of $26.38 billion, a price-to-earnings ratio of -193.91, a P/E/G ratio of 7,010.23 and a beta of 1.63.
HubSpot (NYSE:HUBS – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The firm had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. During the same quarter last year, the firm posted ($1.17) EPS. The business’s quarterly revenue was up 20.4% compared to the same quarter last year.
Institutional Investors Weigh In On HubSpot
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on HUBS shares. Stifel Nicolaus cut their price target on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Needham & Company LLC restated a “buy” rating and set a $730.00 price target on shares of HubSpot in a report on Thursday, September 19th. Canaccord Genuity Group dropped their price objective on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a report on Thursday, August 8th. KeyCorp raised shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price for the company in a research report on Thursday, August 8th. Finally, BMO Capital Markets restated an “outperform” rating and set a $570.00 price target on shares of HubSpot in a research report on Thursday, September 19th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $610.79.
Get Our Latest Research Report on HUBS
HubSpot Company Profile
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.
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