HubSpot Inc. (HUBS) General Counsel John P. Kelleher Sells 347 Shares of Stock
HubSpot Inc. (NYSE:HUBS) General Counsel John P. Kelleher sold 347 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $57.00, for a total transaction of $19,779.00. Following the transaction, the general counsel now owns 42,082 shares of the company’s stock, valued at approximately $2,398,674. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
HubSpot Inc. (NYSE:HUBS) opened at 58.25 on Thursday. The company’s 50-day moving average is $56.26 and its 200-day moving average is $49.75. The company’s market capitalization is $2.06 billion. HubSpot Inc. has a 52-week low of $27.00 and a 52-week high of $60.11.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.08. HubSpot had a negative return on equity of 36.88% and a negative net margin of 20.03%. The business had revenue of $65 million for the quarter, compared to analysts’ expectations of $61.67 million. During the same period in the previous year, the business posted ($0.17) EPS. The firm’s quarterly revenue was up 51.4% compared to the same quarter last year. On average, analysts expect that HubSpot Inc. will post ($0.53) earnings per share for the current fiscal year.
Several research analysts recently commented on the stock. Vetr cut shares of HubSpot from a “strong-buy” rating to a “buy” rating and set a $61.00 target price for the company. in a report on Monday, August 8th. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a report on Tuesday, August 9th. RBC Capital Markets restated an “outperform” rating and set a $70.00 target price (up previously from $62.00) on shares of HubSpot in a report on Sunday. Goldman Sachs Group Inc. assumed coverage on shares of HubSpot in a report on Tuesday. They set a “neutral” rating and a $57.00 target price for the company. Finally, DA Davidson assumed coverage on shares of HubSpot in a report on Tuesday. They set a “buy” rating and a $76.00 target price for the company. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $63.41.
Several large investors have recently made changes to their positions in HUBS. BlackRock Inc. boosted its stake in shares of HubSpot by 150.5% in the second quarter. BlackRock Inc. now owns 2,981 shares of the company’s stock valued at $129,000 after buying an additional 1,791 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of HubSpot by 67.7% in the second quarter. Teacher Retirement System of Texas now owns 3,146 shares of the company’s stock valued at $137,000 after buying an additional 1,270 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of HubSpot by 100.3% in the third quarter. BNP Paribas Arbitrage SA now owns 2,638 shares of the company’s stock valued at $152,000 after buying an additional 1,321 shares in the last quarter. Glenmede Trust Co. NA purchased a new stake in shares of HubSpot during the second quarter valued at about $188,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of HubSpot during the second quarter valued at about $200,000. Hedge funds and other institutional investors own 88.33% of the company’s stock.
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications, which include social media, search engine optimization (SEO), blogging, Website content management, marketing automation, e-mail, customer relationship management (CRM), analytics and reporting.
Receive News & Stock Ratings for HubSpot Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot Inc. and related stocks with our FREE daily email newsletter.