HubSpot (NYSE:HUBS) CFO Kathryn Bueker Sells 615 Shares

Key Points

• HubSpot CFO Kathryn Bueker sold 615 shares of the company at an average price of $500.00, totaling $307,500.00, reducing her ownership by 1.56%.
• HubSpot shares recently traded at $459.16, reflecting a 2.0% increase, with a market capitalization of $24.19 billion.
• Analysts have set a consensus rating of "Moderate Buy" for HubSpot stock, with an average price target of $723.11, after several target adjustments by major financial institutions.

HubSpot, Inc. (NYSE:HUBS - Get Free Report) CFO Kathryn Bueker sold 615 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $307,500.00. Following the completion of the sale, the chief financial officer directly owned 38,794 shares in the company, valued at approximately $19,397,000. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, September 8th, Kathryn Bueker sold 119 shares of HubSpot stock. The stock was sold at an average price of $500.00, for a total transaction of $59,500.00.

HubSpot Trading Up 2.0%

Shares of HubSpot stock traded up $8.79 during mid-day trading on Wednesday, hitting $459.16. 756,414 shares of the stock were exchanged, compared to its average volume of 770,337. HubSpot, Inc. has a twelve month low of $418.34 and a twelve month high of $881.13. The stock has a market capitalization of $24.19 billion, a price-to-earnings ratio of -1,996.35, a price-to-earnings-growth ratio of 15.99 and a beta of 1.58. The company has a 50-day simple moving average of $479.40 and a 200 day simple moving average of $542.68.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.07. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The company had revenue of $760.87 million for the quarter, compared to analysts' expectations of $739.94 million. During the same period last year, the company earned $1.94 EPS. The firm's revenue for the quarter was up 19.4% compared to the same quarter last year. Equities research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HUBS. Vanguard Group Inc. grew its position in HubSpot by 2.8% in the second quarter. Vanguard Group Inc. now owns 5,391,241 shares of the software maker's stock valued at $3,000,926,000 after acquiring an additional 144,507 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in HubSpot by 17.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker's stock valued at $2,805,070,000 after acquiring an additional 714,980 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock valued at $530,115,000 after acquiring an additional 251,853 shares in the last quarter. Geode Capital Management LLC grew its position in HubSpot by 4.3% in the second quarter. Geode Capital Management LLC now owns 925,938 shares of the software maker's stock valued at $513,886,000 after acquiring an additional 38,096 shares in the last quarter. Finally, Jennison Associates LLC grew its position in HubSpot by 548.6% in the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker's stock valued at $442,341,000 after acquiring an additional 672,158 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HUBS shares. JPMorgan Chase & Co. decreased their price target on shares of HubSpot from $775.00 to $675.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Barclays cut their price objective on shares of HubSpot from $745.00 to $675.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Wall Street Zen lowered shares of HubSpot from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Weiss Ratings reiterated a "sell (d-)" rating on shares of HubSpot in a report on Saturday, September 27th. Finally, Citigroup cut their price objective on shares of HubSpot from $700.00 to $650.00 and set a "buy" rating on the stock in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, HubSpot currently has a consensus rating of "Moderate Buy" and an average price target of $723.11.

HubSpot Company Profile

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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