Kathryn Bueker Sells 119 Shares of HubSpot (NYSE:HUBS) Stock

Key Points

• Kathryn Bueker, CFO of HubSpot, sold 119 shares of the company's stock at an average price of $500, totaling $59,500, reducing her ownership by 0.29% to 40,563 shares valued at approximately $20.28 million.
• The stock price of HubSpot recently fell to $489.99, with a one-year high of $881.13 and a low of $418.34, reflecting significant volatility in its market performance.
• Analysts have mixed ratings for HubSpot, with a consensus price target of $722.93 and 27 analysts recommending a "Buy" rating, while significant price adjustments have been made by firms such as Truist and BMO Capital Markets.

HubSpot, Inc. (NYSE:HUBS - Get Free Report) CFO Kathryn Bueker sold 119 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $500.00, for a total transaction of $59,500.00. Following the transaction, the chief financial officer directly owned 40,563 shares in the company, valued at approximately $20,281,500. This represents a 0.29% 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 Wednesday, July 2nd, Kathryn Bueker sold 615 shares of HubSpot stock. The stock was sold at an average price of $551.79, for a total transaction of $339,350.85.

HubSpot Stock Performance

Shares of HubSpot stock traded down $12.31 during trading hours on Wednesday, reaching $489.99. The company's stock had a trading volume of 814,389 shares, compared to its average volume of 745,332. HubSpot, Inc. has a one year low of $418.34 and a one year high of $881.13. The company has a market capitalization of $25.82 billion, a P/E ratio of -2,130.37, a P/E/G ratio of 17.17 and a beta of 1.58. The stock's fifty day simple moving average is $501.87 and its two-hundred day simple moving average is $564.53.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $760.87 million for the quarter, compared to analyst estimates of $739.94 million. During the same period last year, the firm earned $1.94 earnings per share. The business's quarterly revenue was up 19.4% compared to the same quarter last year. As a group, research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on HUBS. UBS Group restated an "outperform" rating on shares of HubSpot in a report on Wednesday, September 3rd. Truist Financial reduced their target price on shares of HubSpot from $720.00 to $675.00 and set a "buy" rating for the company in a research note on Thursday, August 7th. BMO Capital Markets reduced their price objective on shares of HubSpot from $650.00 to $600.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. Citigroup cut their price target on shares of HubSpot from $700.00 to $650.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Finally, Wells Fargo & Company upped their price objective on shares of HubSpot from $675.00 to $680.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $722.93.

Institutional Trading of HubSpot

Institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of HubSpot by 17.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker's stock worth $2,805,070,000 after purchasing an additional 714,980 shares during the period. Jennison Associates LLC raised its position in shares of HubSpot by 548.6% during the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker's stock valued at $442,341,000 after buying an additional 672,158 shares during the last quarter. Norges Bank purchased a new position in shares of HubSpot in the second quarter valued at $269,941,000. Massachusetts Financial Services Co. MA grew its holdings in shares of 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 purchasing an additional 251,853 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of HubSpot by 4.0% in the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker's stock valued at $2,997,407,000 after purchasing an additional 201,994 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

About HubSpot

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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