J Donald Sherman Sells 25,000 Shares of HubSpot Inc (NYSE:HUBS) Stock

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HubSpot Inc (NYSE:HUBS) insider J Donald Sherman sold 25,000 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $159.73, for a total value of $3,993,250.00. Following the sale, the insider now owns 117,040 shares in the company, valued at $18,694,799.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NYSE:HUBS traded up $5.48 on Friday, hitting $129.73. 673,077 shares of the stock were exchanged, compared to its average volume of 508,641. The firm has a market capitalization of $5.86 billion, a PE ratio of -127.19 and a beta of 1.94. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.26 and a quick ratio of 3.26. HubSpot Inc has a fifty-two week low of $73.15 and a fifty-two week high of $162.20.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, August 1st. The software maker reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.02. The company had revenue of $122.60 million during the quarter, compared to analyst estimates of $117.75 million. HubSpot had a negative return on equity of 17.00% and a negative net margin of 12.64%. The firm’s revenue was up 37.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 earnings per share. As a group, research analysts anticipate that HubSpot Inc will post -1.1 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the business. Aperio Group LLC boosted its position in shares of HubSpot by 16.3% in the second quarter. Aperio Group LLC now owns 3,835 shares of the software maker’s stock worth $481,000 after buying an additional 537 shares during the period. Quadrature Capital Ltd boosted its position in shares of HubSpot by 6.5% in the first quarter. Quadrature Capital Ltd now owns 9,224 shares of the software maker’s stock worth $999,000 after buying an additional 564 shares during the period. Cambridge Trust Co. boosted its position in shares of HubSpot by 14.1% in the second quarter. Cambridge Trust Co. now owns 5,234 shares of the software maker’s stock worth $656,000 after buying an additional 646 shares during the period. Fred Alger Management Inc. boosted its position in shares of HubSpot by 0.3% in the second quarter. Fred Alger Management Inc. now owns 265,410 shares of the software maker’s stock worth $33,282,000 after buying an additional 703 shares during the period. Finally, MetLife Investment Advisors LLC boosted its position in shares of HubSpot by 4.6% in the second quarter. MetLife Investment Advisors LLC now owns 16,478 shares of the software maker’s stock worth $2,066,000 after buying an additional 719 shares during the period. Institutional investors own 96.39% of the company’s stock.

A number of equities analysts have recently weighed in on HUBS shares. Summit Insights reissued a “hold” rating on shares of HubSpot in a report on Thursday, September 6th. Royal Bank of Canada boosted their price target on HubSpot to $141.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 31st. UBS Group reissued a “buy” rating on shares of HubSpot in a report on Tuesday, August 7th. Morgan Stanley boosted their price target on HubSpot from $117.00 to $119.00 and gave the stock an “equal weight” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a report on Thursday, August 2nd. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $140.00.

HubSpot Company Profile

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.

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