Erika Ashley Fisher Sells 915 Shares of HubSpot (NYSE:HUBS) Stock

HubSpot, Inc. (NYSE:HUBS) insider Erika Ashley Fisher sold 915 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $236.66, for a total transaction of $216,543.90. Following the completion of the sale, the insider owned 16,270 shares in the company, valued at $3,850,458.20. This represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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 NYSE HUBS opened at $234.65 on Thursday. HubSpot, Inc. has a 52-week low of $187.45 and a 52-week high of $682.57. The stock has a market cap of $12.08 billion, a P/E ratio of 269.71, a P/E/G ratio of 3.36 and a beta of 1.23. The firm has a 50 day moving average price of $243.38 and a 200 day moving average price of $319.31.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.10. The company had revenue of $846.75 million for the quarter, compared to analyst estimates of $830.65 million. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the business posted $2.32 earnings per share. Analysts predict that HubSpot, Inc. will post 3.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Empowered Funds LLC boosted its position in HubSpot by 88.5% during the 1st quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock worth $897,000 after acquiring an additional 737 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of HubSpot by 12.1% in the second quarter. NewEdge Advisors LLC now owns 4,788 shares of the software maker’s stock valued at $2,665,000 after purchasing an additional 516 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of HubSpot by 4.7% in the second quarter. Treasurer of the State of North Carolina now owns 23,754 shares of the software maker’s stock valued at $13,222,000 after purchasing an additional 1,077 shares during the last quarter. Osterweis Capital Management Inc. bought a new stake in shares of HubSpot in the second quarter worth $34,000. Finally, Alliancebernstein L.P. lifted its position in shares of HubSpot by 35.0% in the second quarter. Alliancebernstein L.P. now owns 376,076 shares of the software maker’s stock worth $209,335,000 after purchasing an additional 97,469 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HUBS. BTIG Research reiterated a “buy” rating and set a $300.00 target price on shares of HubSpot in a report on Tuesday, April 21st. Needham & Company LLC lowered their price target on HubSpot from $700.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Canaccord Genuity Group dropped their price target on HubSpot from $485.00 to $350.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. Citigroup cut their price objective on HubSpot from $368.00 to $321.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, Zacks Research lowered HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Twenty-five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $388.07.

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.