HubSpot, Inc. (HUBS) CEO Sells $2,207,500.00 in Stock
HubSpot, Inc. (NYSE:HUBS) CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $88.30, for a total value of $2,207,500.00. Following the completion of the sale, the chief executive officer now owns 796,119 shares of the company’s stock, valued at $70,297,307.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of HubSpot, Inc. (NYSE HUBS) opened at $89.30 on Friday. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.41. HubSpot, Inc. has a one year low of $45.65 and a one year high of $93.53.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 1st. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.15. The firm had revenue of $97.73 million during the quarter, compared to the consensus estimate of $96.50 million. HubSpot had a negative return on equity of 21.93% and a negative net margin of 12.16%. The business’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.05) EPS. equities analysts predict that HubSpot, Inc. will post -0.99 EPS for the current fiscal year.
A number of research analysts recently commented on the company. Zacks Investment Research downgraded HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, November 28th. UBS increased their price target on HubSpot from $84.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Oppenheimer increased their price target on HubSpot from $91.00 to $93.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Morgan Stanley increased their price target on HubSpot from $93.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. Finally, Canaccord Genuity increased their price target on HubSpot from $8,398.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $84.82.
Institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp increased its position in HubSpot by 4.7% in the 2nd quarter. Stifel Financial Corp now owns 6,320 shares of the software maker’s stock worth $418,000 after purchasing an additional 285 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in HubSpot by 18.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock worth $194,000 after purchasing an additional 462 shares during the last quarter. Prudential Financial Inc. increased its position in HubSpot by 14.5% in the 2nd quarter. Prudential Financial Inc. now owns 4,900 shares of the software maker’s stock worth $322,000 after purchasing an additional 620 shares during the last quarter. Sei Investments Co. increased its position in HubSpot by 41.3% in the 2nd quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock worth $142,000 after purchasing an additional 631 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of HubSpot by 1.7% during the 3rd quarter. Rhumbline Advisers now owns 38,180 shares of the software maker’s stock valued at $3,209,000 after acquiring an additional 641 shares during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.
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HubSpot Company Profile
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.
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