HubSpot, Inc. (NYSE:HUBS) Insider Dawson Alyssa Harvey Sells 573 Shares of Stock

HubSpot, Inc. (NYSE:HUBS) insider Dawson Alyssa Harvey sold 573 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $401,100.00. Following the sale, the insider now directly owns 7,603 shares in the company, valued at $5,322,100. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

HubSpot Stock Performance

NYSE HUBS opened at $700.00 on Thursday. The stock has a 50-day simple moving average of $543.21 and a two-hundred day simple moving average of $546.16. The firm has a market capitalization of $36.13 billion, a P/E ratio of -2,592.50, a PEG ratio of 85.25 and a beta of 1.63. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $724.61.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The business had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company’s revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) EPS. As a group, analysts forecast that HubSpot, Inc. will post 0.4 earnings per share for the current year.

Hedge Funds Weigh In On HubSpot

Institutional investors have recently modified their holdings of the stock. GDS Wealth Management acquired a new stake in shares of HubSpot during the 3rd quarter valued at about $2,149,000. M&G Plc acquired a new stake in shares of HubSpot during the 1st quarter valued at about $8,533,000. Pallas Capital Advisors LLC acquired a new stake in shares of HubSpot during the 3rd quarter valued at about $624,000. Headlands Technologies LLC acquired a new stake in shares of HubSpot during the 2nd quarter valued at about $3,135,000. Finally, Linden Thomas Advisory Services LLC acquired a new stake in shares of HubSpot during the 2nd quarter valued at about $1,346,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on HUBS. Canaccord Genuity Group increased their price objective on HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Wells Fargo & Company increased their price objective on HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Evercore ISI increased their price objective on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Piper Sandler lowered HubSpot from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $570.00 to $640.00 in a report on Thursday, November 7th. Finally, Stifel Nicolaus increased their price objective on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $666.26.

About HubSpot

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.