Insider Selling: HubSpot (NYSE:HUBS) Director Sells 235 Shares of Stock

HubSpot, Inc. (NYSE:HUBS) Director Brian Halligan sold 235 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $493.30, for a total transaction of $115,925.50. Following the completion of the transaction, the director directly owned 513,466 shares in the company, valued at $253,292,777.80. This represents a 0.05% 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, October 21st, Brian Halligan sold 8,265 shares of HubSpot stock. The shares were sold at an average price of $446.98, for a total value of $3,694,289.70.
• On Tuesday, September 16th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $506.52, for a total value of $4,305,420.00.
• On Tuesday, August 19th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $449.84, for a total transaction of $3,823,640.00.

HubSpot Stock Down 1.5%

Shares of NYSE HUBS traded down $7.23 during midday trading on Wednesday, reaching $464.76. 973,498 shares of the company’s stock traded hands, compared to its average volume of 759,557. The stock’s 50 day simple moving average is $478.50 and its 200-day simple moving average is $530.21. HubSpot, Inc. has a one year low of $418.34 and a one year high of $881.13. The company has a market cap of $24.49 billion, a price-to-earnings ratio of -2,020.70, a P/E/G ratio of 17.09 and a beta of 1.60.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) 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 the consensus estimate of $739.94 million. During the same period last year, the firm earned $1.94 earnings per share. The company’s quarterly revenue was up 19.4% on a year-over-year basis. Equities analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Institutional Trading of HubSpot

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of HubSpot by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 5,391,241 shares of the software maker’s stock valued at $3,000,926,000 after acquiring an additional 144,507 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings 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 valued at $2,805,070,000 after acquiring an additional 714,980 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in HubSpot by 37.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock worth $530,115,000 after buying an additional 251,853 shares in the last quarter. Geode Capital Management LLC boosted its holdings in HubSpot by 4.3% during the second quarter. Geode Capital Management LLC now owns 925,938 shares of the software maker’s stock worth $513,886,000 after buying an additional 38,096 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in HubSpot by 548.6% during the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after buying an additional 672,158 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HUBS shares. BMO Capital Markets cut their price objective on shares of HubSpot from $600.00 to $550.00 and set an “outperform” rating on the stock in a research report on Friday, October 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $775.00 price objective on shares of HubSpot in a research report on Friday, October 3rd. KeyCorp cut their price objective on shares of HubSpot from $860.00 to $775.00 and set an “overweight” rating on the stock in a research report on Thursday, August 7th. Citigroup lifted their price objective on shares of HubSpot from $650.00 to $658.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. cut their price objective on shares of HubSpot from $775.00 to $675.00 and set an “overweight” rating on the stock in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and a consensus price target of $718.04.

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.