HubSpot, Inc. (NYSE:HUBS) CFO Kathryn Bueker Sells 4,381 Shares

by · The Markets Daily

HubSpot, Inc. (NYSE:HUBS – Get Free Report) CFO Kathryn Bueker sold 4,381 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the completion of the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $28,881,300. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • 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.
  • On Wednesday, October 2nd, Kathryn Bueker sold 1,136 shares of HubSpot stock. The stock was sold at an average price of $525.84, for a total value of $597,354.24.

HubSpot Stock Performance

HUBS traded down $1.34 on Wednesday, reaching $700.00. 840,065 shares of the company’s stock were exchanged, compared to its average volume of 596,385. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $724.61. The stock’s fifty day moving average price is $543.21 and its 200-day moving average price is $546.16.

HubSpot (NYSE:HUBS – Get Free Report) last issued its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. During the same period in the previous year, the firm posted ($0.04) EPS. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. As a group, sell-side analysts expect that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on HUBS. Citigroup lowered their price target on HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a report on Friday, August 9th. Piper Sandler cut shares of HubSpot from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $570.00 to $640.00 in a research note on Thursday, November 7th. Bank of America cut their price target on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Royal Bank of Canada lifted their price objective on shares of HubSpot from $700.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Oppenheimer upped their target price on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $666.26.

Check Out Our Latest Report on HubSpot

Institutional Trading of HubSpot

Hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new position in HubSpot in the second quarter valued at approximately $35,000. HM Payson & Co. lifted its position in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after buying an additional 18 shares during the last quarter. Crewe Advisors LLC boosted its stake in HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after buying an additional 63 shares during the period. J.Safra Asset Management Corp raised its position in HubSpot by 690.9% in the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after purchasing an additional 76 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of HubSpot by 41.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock valued at $64,000 after buying an additional 32 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Company Profile

(Get Free Report)

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.

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