HubSpot, Inc. (NYSE:HUBS) Insider Sells $5,163,580.00 in Stock

HubSpot, Inc. (NYSE:HUBS) insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the sale, the insider now directly owns 527,233 shares of the company’s stock, valued at $320,283,502.84. This represents a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, February 18th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00.

HubSpot Price Performance

NYSE:HUBS opened at $604.89 on Friday. The company has a market capitalization of $31.55 billion, a P/E ratio of 6,721.75, a P/E/G ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The business has a fifty day simple moving average of $715.33 and a two-hundred day simple moving average of $654.03.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

HUBS has been the topic of several recent research reports. TD Cowen lowered HubSpot from a “buy” rating to a “hold” rating and increased their price target for the stock from $680.00 to $725.00 in a report on Friday, January 17th. Truist Financial reiterated a “buy” rating and issued a $900.00 price target (up previously from $750.00) on shares of HubSpot in a report on Thursday, February 13th. Barclays upgraded HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price target on the stock in a report on Wednesday, March 12th. BMO Capital Markets increased their price target on HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, Canaccord Genuity Group increased their price target on HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus price target of $853.32.

Hedge Funds Weigh In On HubSpot

A number of institutional investors have recently added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB bought a new position in HubSpot in the 3rd quarter worth about $25,000. Elequin Capital LP bought a new position in HubSpot in the 4th quarter worth about $27,000. Larson Financial Group LLC increased its stake in HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after acquiring an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after acquiring an additional 19 shares during the last quarter. Finally, Coppell Advisory Solutions LLC increased its stake in HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after acquiring an additional 22 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

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.