HubSpot, Inc. (NYSE:HUBS) Insider Brian Halligan Sells 8,500 Shares

HubSpot, Inc. (NYSE:HUBS) insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the completion of the transaction, the insider now owns 513,698 shares in the company, valued at $374,819,745.70. The trade was a 1.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Brian Halligan also recently made the following trade(s):

• On Tuesday, November 19th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00.

HubSpot Trading Down 0.6 %

NYSE HUBS traded down $4.57 on Thursday, hitting $702.45. 588,362 shares of the company’s stock were exchanged, compared to its average volume of 585,329. The stock has a 50-day moving average of $649.79 and a 200-day moving average of $567.01. The stock has a market cap of $36.26 billion, a price-to-earnings ratio of -2,601.57, a P/E/G ratio of 88.26 and a beta of 1.70. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $762.47.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of HubSpot in the third quarter worth about $25,000. International Assets Investment Management LLC purchased a new stake in shares of HubSpot in the 2nd quarter worth $35,000. HM Payson & Co. grew its holdings in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after acquiring an additional 18 shares in the last quarter. Crewe Advisors LLC raised its stake in HubSpot by 525.0% in 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 in the last quarter. Finally, True Wealth Design LLC purchased a new stake in shares of HubSpot during the third quarter valued at about $62,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on HUBS. Evercore ISI lifted their target price on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a report on Monday. Stifel Nicolaus lifted their target price on shares of HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Wells Fargo & Company increased their price objective on shares of HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Bank of America lifted their price objective on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research report on Monday. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $702.23.

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.