Insider Sale: HubSpot, Inc. (NYSE: HUBS) General Counsel Sells 761 Shares

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HubSpot, Inc. (NYSE: HUBS) General Counsel John P. Kelleher sold 761 shares in a transaction dated Thursday, October 14. The stock was sold for an average price of $ 790.04, for a total value of $ 601,220.44. The sale was disclosed in a document filed with the SEC, accessible through this link.

HUBS traded up $ 1.83 in Friday’s session, reaching $ 790.89. The company’s shares had a trading volume of 495,924 shares, compared to its average volume of 489,259. The company has a quick ratio of 2.53, a current ratio of 2.53, and a debt-to-equity ratio of 0.46. The company has a fifty-day simple moving average of $ 685.21 and a two-hundred-day simple moving average of $ 588.29. HubSpot, Inc. has a one-year low of $ 283.87 and a one-year high of $ 817.33. The company has a market cap of $ 37.18 billion, a price-to-earnings ratio of -425.19 and a beta of 1.67.

HubSpot (NYSE: HUBS) last published its results on Wednesday, August 4. The software maker reported earnings per share of $ 0.43 for the quarter, beating the Zacks’ consensus estimate of $ 0.32 of $ 0.11. The company posted revenue of $ 310.80 million for the quarter, compared to analysts’ estimates of $ 296.01 million. HubSpot had a negative net margin of 7.98% and a negative return on equity of 7.35%. The company’s revenue grew 52.7% year-over-year. During the same period last year, the company posted $ 0.30 in EPS. As a group, stock analysts predict that HubSpot, Inc. will post -1.5 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently changed their positions in HUBS. Activest Wealth Management increased its stake in HubSpot by 300.0% in the 3rd quarter. Activest Wealth Management now owns 40 shares of the software maker valued at $ 27,000 after buying 30 more shares in the last quarter. Parkside Financial Bank & Trust increased its stake in HubSpot by 4,600.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 47 shares of the software maker valued at $ 28,000 after purchasing 46 additional shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in HubSpot in the 2nd quarter for a value of approximately $ 29,000. RPg Family Wealth Advisory LLC acquired a new stake in HubSpot in the 2nd quarter for a value of approximately $ 37,000. Finally, Quadrant Capital Group LLC increased its stake in HubSpot by 44.2% in the 1st quarter. Quadrant Capital Group LLC now owns 111 shares of the software maker valued at $ 50,000 after purchasing 34 additional shares in the last quarter. Institutional investors and hedge funds hold 89.74% of the company’s shares.

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Several equity research analysts weighed in on HUBS stocks. Raymond James increased his price target on HubSpot from $ 650.00 to $ 800.00 and gave the stock a “strong buy” rating in a research report on Thursday, August 5. Morgan Stanley raised its price target on HubSpot from $ 725.00 to $ 796.00 and gave the company an “overweight” rating in a research report released Wednesday. They noted that the move was an appraisal call. Stifel Europe raised its price target on HubSpot from $ 650.00 to $ 750.00 and gave the company a “buy” rating in a research report on Tuesday, September 7. BMO Capital Markets raised its target price on HubSpot from $ 740.00 to $ 800.00 and gave the company an “outperformance” rating in a research report released Wednesday. Finally, Canaccord Genuity raised its price target on HubSpot from $ 685.00 to $ 830.00 and gave the company a “buy” rating in a research report on Wednesday. Twenty-two analysts rated the stock with a buy rating and one gave the stock a strong buy rating. According to MarketBeat, HubSpot currently has an average “Buy” rating and a consensus target price of $ 763.48.

About HubSpot

HubSpot, Inc develops Internet marketing software solutions. The company operates through the following geographic segments: Americas, Europe and Asia-Pacific. The company was founded by Brian Patrick Halligan and Dharmesh Shah on April 4, 2005 and is headquartered in Cambridge, MA.

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