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

HubSpot, Inc. (NYSE:HUBS) insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total value of $4,578,100.00. Following the completion of the sale, the insider now directly owns 525,687 shares in the company, valued at approximately $283,135,018.20. This represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, March 18th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00.
• 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

Shares of NYSE:HUBS traded down $5.06 during trading on Thursday, reaching $538.98. The stock had a trading volume of 384,223 shares, compared to its average volume of 619,604. The stock has a market capitalization of $28.11 billion, a PE ratio of 5,989.35, a P/E/G ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The business’s 50-day moving average price is $638.06 and its 200 day moving average price is $658.96.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. Analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Citigroup raised their price objective on shares of HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. boosted their price objective on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Royal Bank of Canada upped their price objective on shares of HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. The Goldman Sachs Group lifted their target price on HubSpot from $783.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Mizuho cut their price target on HubSpot from $900.00 to $700.00 and set an “outperform” rating for the company in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $818.04.

Institutional Investors Weigh In On HubSpot

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of HubSpot in the fourth quarter valued at approximately $1,361,000. Oak Harvest Investment Services bought a new position in HubSpot in the fourth quarter valued at about $2,065,000. Donoghue Forlines LLC acquired a new stake in HubSpot in the fourth quarter worth about $2,049,000. Mayflower Financial Advisors LLC bought a new stake in HubSpot during the 4th quarter worth about $862,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in HubSpot by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,246 shares of the software maker’s stock valued at $2,262,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.