HubSpot (NYSE:HUBS) Insider Erika Ashley Fisher Sells 915 Shares

Key Points

• Insider Erika Ashley Fisher sold 915 shares on May 4 at an average price of $236.66 (total ~$216,544) to cover tax withholding from vested equity, reducing her ownership by 5.32% to 16,270 shares valued at about $3.85M.
• HubSpot reported a quarterly EPS beat ($3.09 vs. $2.99) and revenue of $846.75M (up 20.4% YoY); the stock trades near $246 with a $12.68B market cap, a high P/E (~283), and an analyst consensus of "Moderate Buy" with an average target of $388 after several price-target cuts.

HubSpot, Inc. (NYSE:HUBS - Get Free Report) insider Erika Ashley Fisher sold 915 shares of the firm's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $236.66, for a total value of $216,543.90. Following the sale, the insider owned 16,270 shares in the company, valued at $3,850,458.20. This trade represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Erika Ashley Fisher also recently made the following trade(s):

• On Wednesday, February 4th, Erika Ashley Fisher sold 841 shares of HubSpot stock. The stock was sold at an average price of $238.01, for a total value of $200,166.41.

HubSpot Price Performance

HUBS stock traded down $1.04 during trading on Tuesday, hitting $246.39. The stock had a trading volume of 1,144,367 shares, compared to its average volume of 1,638,258. HubSpot, Inc. has a twelve month low of $187.45 and a twelve month high of $682.57. The stock has a market capitalization of $12.68 billion, a P/E ratio of 283.21, a PEG ratio of 3.27 and a beta of 1.23. The company's 50-day moving average price is $242.77 and its two-hundred day moving average price is $322.11.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.10. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The company had revenue of $846.75 million for the quarter, compared to analysts' expectations of $830.65 million. During the same period in the previous year, the firm posted $2.32 EPS. HubSpot's revenue was up 20.4% compared to the same quarter last year. As a group, sell-side analysts expect that HubSpot, Inc. will post 3.66 EPS for the current fiscal year.

Institutional Trading of HubSpot

Several institutional investors have recently made changes to their positions in the company. Illinois Municipal Retirement Fund raised its position in shares of HubSpot by 2.8% during the 1st quarter. Illinois Municipal Retirement Fund now owns 14,295 shares of the software maker's stock valued at $3,489,000 after buying an additional 396 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of HubSpot during the 1st quarter valued at approximately $203,000. Archer Investment Corp purchased a new stake in shares of HubSpot during the 1st quarter valued at approximately $318,000. Principal Financial Group Inc. increased its holdings in HubSpot by 118.6% in the 1st quarter. Principal Financial Group Inc. now owns 2,297 shares of the software maker's stock valued at $561,000 after purchasing an additional 1,246 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in HubSpot by 65.9% in the 1st quarter. Chicago Partners Investment Group LLC now owns 2,309 shares of the software maker's stock valued at $537,000 after purchasing an additional 917 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analyst Ratings Changes

HUBS has been the topic of several research analyst reports. Jefferies Financial Group lowered their price objective on HubSpot from $560.00 to $325.00 and set a "buy" rating on the stock in a report on Thursday, February 12th. Needham & Company LLC lowered their price objective on HubSpot from $700.00 to $300.00 and set a "buy" rating on the stock in a report on Thursday, February 12th. BTIG Research reiterated a "buy" rating and issued a $300.00 price objective on shares of HubSpot in a report on Tuesday, April 21st. Citigroup lowered their target price on HubSpot from $368.00 to $321.00 and set a "buy" rating on the stock in a report on Thursday, April 30th. Finally, Zacks Research cut HubSpot from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 14th. Twenty-five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, HubSpot currently has an average rating of "Moderate Buy" and an average target price of $388.07.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company's product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.