HubSpot, Inc. (NYSE:HUBS) Trading Down – Insider Trading Activity


There has been some selling insider activity on HubSpot, Inc. (NYSE:HUBS) recently. Hunter Madeley, Chief Sales Officer disclosed the sale of 1,000 shares. The shares were sold on September 5th for an average price of $72.80. Madeley now owns $4,796,574 of the stock according to the SEC filing. Hunter Madeley, Chief Sales Officer sold $63,700 worth of shares at an average price of $63.70 on Wed the 5th. Madeley now owns $5,491,641 of stock per an SEC filing yesterday.

Lorrie M. Norrington, Director let go of $319,660 worth of shares at an average price of $65.25 on June 30th. That brings Norrington’s holdings to $141,201 as recorded in a recent Form 4 SEC filing.

HubSpot, Inc. (HubSpot), launched on April 4, 2005, provides a cloud-based marketing and sales software platform. The Business’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses. These integrated applications include social media, search engine optimization, blogging, Website content management, marketing automation, e-mail, sales productivity, customer relationship management (CRM), analytics and reporting. The Business’s products include HubSpot Marketing, HubSpot CRM and HubSpot Sales. The Company offers Professional Services and support. It offers professional services to educate and train customers on how to leverage its software platform and inbound marketing methodology to transform how their business attracts, engages and delights customers. Its professional services are also available to customers needing additional assistance on a one-time or ongoing basis for an additional fee..

These funds have also shifted positions in (HUBS). As of the end of the quarter Capital Impact Advisors, LLC had sold a total of 7,948 shares trimming its holdings by 27.7%. The value of the total investment in HubSpot, Inc. decreased from $1,738,000 to $1,364,000 a change of $374,000 since the last quarter. Ubs Group Ag bolstered its investment by buying 17,380 shares an increase of 1,164.9% from 03/31/2017 to 06/30/2017. Ubs Group Ag currently owns 18,872 shares valued at $1,241,000. The total value of its holdings increased 1,278.9%.

Cubist Systematic Strategies, LLC augmented its ownership by buying 10,358 shares an increase of 150.4%. Cubist Systematic Strategies, LLC owns 17,244 shares with a value of $1,134,000. The value of the position overall is up by 171.9%. Folger Hill Asset Management Lp grew its position by buying 7,900 shares an increase of 175.6% as of 06/30/2017. Folger Hill Asset Management Lp now controls 12,400 shares worth $815,000. The value of the position overall is up by 199.6%.

On August 3 Canaccord Genuity maintained a company rating of “Buy” but raised the price expectation from $65.00 to $83.00. July 20 investment analysts at Morgan Stanley kept the company rating at “Overweight” and raised the price expectation to $80.00 from $60.00.

SunTrust Robinson Humphrey added the stock to its research portfolio with a rating of “Buy”.

The company is now down by 1.38% percent from yesterday’s close. Shares last traded at $71.70 which is a tad above $71.09, the 50 day moving average and barely above the 200 day moving average of $66.97. The 50 day moving average went up $0.61 or +0.86% and the 200 day average was up $4.73.

As of the latest earnings report the EPS was $-1.17 and is expected to be $0.05 for the current year with 37,025,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.04 and the next full year EPS is projected to be $0.30.

Short traders are feeling a little more bullish on HubSpot, Inc. of late as evidenced by the decrease in short interest. The firm recorded a fall in short interest between July 31, 2017 and August 15, 2017 of -14.33%. Short interest decreased from 3,542,137 to 3,034,571 over that period. With short interest at 3,034,571 and short average daily volume at 414,947, days to cover is 7.0 and the percentage of shorted shares is 0.08% as of August 15.