Kathryn Bueker Sells 1,796 Shares of HubSpot, Inc. (NYSE:HUBS) Stock

HubSpot, Inc. (NYSE:HUBS) CFO Kathryn Bueker sold 1,796 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the transaction, the chief financial officer now owns 38,560 shares in the company, valued at $27,053,310.40. The trade was a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Kathryn Bueker also recently made the following trade(s):

• On Tuesday, November 12th, Kathryn Bueker sold 4,381 shares of HubSpot stock. The stock was sold at an average price of $700.00, for a total value of $3,066,700.00.
• On Thursday, October 10th, Kathryn Bueker sold 1,804 shares of HubSpot stock. The shares were sold at an average price of $550.00, for a total value of $992,200.00.

HubSpot Price Performance

Shares of HUBS traded up $4.74 during midday trading on Monday, hitting $707.59. The stock had a trading volume of 329,848 shares, compared to its average volume of 353,970. The stock’s 50 day moving average is $689.11 and its 200 day moving average is $577.17. The firm has a market cap of $36.53 billion, a PE ratio of -2,620.61, a price-to-earnings-growth ratio of 87.75 and a beta of 1.70. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $762.47.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same quarter last year, the firm earned ($0.04) earnings per share. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. As a group, equities research analysts expect that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Institutional Trading of HubSpot

A number of hedge funds and other institutional investors have recently bought and sold shares of HUBS. Wellington Management Group LLP increased its stake in HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after buying an additional 480,796 shares during the period. Geode Capital Management LLC increased its position in shares of HubSpot by 2.5% during the third quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after acquiring an additional 19,974 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of HubSpot by 17.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after purchasing an additional 86,688 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in HubSpot by 8.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock valued at $280,186,000 after purchasing an additional 40,138 shares in the last quarter. Finally, Holocene Advisors LP lifted its stake in HubSpot by 17.5% in the third quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock worth $169,988,000 after acquiring an additional 47,736 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

HUBS has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Stifel Nicolaus increased their price target on HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Truist Financial reaffirmed a “buy” rating and issued a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Royal Bank of Canada increased their target price on HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Bank of America upped their price target on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $705.64.

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.