HubSpot (NYSE:HUBS) Insider Erika Ashley Fisher Sells 702 Shares of Stock

HubSpot, Inc. (NYSE:HUBS – Get Free Report) insider Erika Fisher sold 702 shares of the business’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $227.72, for a total value of $159,859.44. Following the transaction, the insider directly owned 12,829 shares of the company’s stock, valued at $2,921,419.88. This represents a 5.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

HubSpot Stock Down 5.1%

HUBS opened at $205.65 on Friday. The firm has a market capitalization of $10.26 billion, a P/E ratio of 49.46, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14. The stock’s 50 day moving average price is $233.19 and its two-hundred day moving average price is $230.40. HubSpot, Inc. has a 12-month low of $169.63 and a 12-month high of $409.31.

HubSpot (NYSE:HUBS – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The software maker reported $3.81 EPS for the quarter, topping the consensus estimate of $3.27 by $0.54. HubSpot had a return on equity of 11.73% and a net margin of 5.95%. The company had revenue of $947.57 million for the quarter, compared to the consensus estimate of $925.50 million. During the same period in the previous year, the business posted $2.66 EPS. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. As a group, analysts anticipate that HubSpot, Inc. will post 4.63 earnings per share for the current year.

Key Headlines Impacting HubSpot

Here are the key news stories impacting HubSpot this week:

Analysts Set New Price Targets

Several research firms recently commented on HUBS. Wells Fargo & Company cut their target price on shares of HubSpot from $250.00 to $200.00 and set an “equal weight” rating for the company in a research note on Thursday. Piper Sandler decreased their price target on shares of HubSpot from $220.00 to $200.00 and set a “neutral” rating on the stock in a research report on Thursday. KeyCorp downgraded shares of HubSpot from an “overweight” rating to a “sector weight” rating in a report on Thursday. UBS Group reaffirmed a “hold” rating on shares of HubSpot in a research report on Thursday. Finally, Sanford C. Bernstein cut shares of HubSpot from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $381.00 to $220.00 in a research note on Thursday, August 6th. Eight analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $259.48.

View Our Latest Stock Report on HubSpot

Institutional Investors Weigh In On HubSpot

Several institutional investors and hedge funds have recently bought and sold shares of the business. Access Investment Management LLC acquired a new stake in shares of HubSpot in the 3rd quarter valued at $32,000. Elevation Wealth Partners LLC lifted its stake in shares of HubSpot by 66.7% during the third quarter. Elevation Wealth Partners LLC now owns 175 shares of the software maker’s stock valued at $36,000 after acquiring an additional 70 shares during the period. Global Retirement Partners LLC acquired a new position in shares of HubSpot during the second quarter valued at $38,000. Provenance Wealth Advisors LLC boosted its holdings in HubSpot by 152.2% in the third quarter. Provenance Wealth Advisors LLC now owns 290 shares of the software maker’s stock valued at $59,000 after acquiring an additional 175 shares during the last quarter. Finally, Oslo Pensjonsforsikring AS bought a new position in HubSpot in the first quarter valued at about $74,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Company Profile

(Get Free Report)

HubSpot, Inc is a cloud-based customer relationship management (CRM) platform provider serving businesses that want to attract, engage and retain customers. Its platform brings together tools for marketing, sales, customer service, content management, operations and commerce, helping organizations manage customer interactions across the customer lifecycle.

The company’s offerings include marketing automation, email marketing, lead generation, website and content management, sales pipeline and engagement tools, customer support and help-desk capabilities, reporting and analytics, and payment and commerce features.

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Insider Buying and Selling by Quarter for HubSpot (NYSE:HUBS)

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