HubSpot (NYSE:HUBS) Director Brian Halligan Sells 8,500 Shares of Stock

HubSpot, Inc. (NYSE:HUBS) Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $262.75, for a total transaction of $2,233,375.00. Following the completion of the sale, the director owned 370,558 shares of the company’s stock, valued at approximately $97,364,114.50. This trade represents a 2.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, February 17th, Brian Halligan sold 8,261 shares of HubSpot stock. The stock was sold at an average price of $253.00, for a total transaction of $2,090,033.00.
• On Tuesday, January 20th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $303.38, for a total transaction of $2,578,730.00.

HubSpot Stock Performance

NYSE:HUBS opened at $262.36 on Friday. The stock has a 50-day simple moving average of $275.62 and a 200 day simple moving average of $377.46. HubSpot, Inc. has a one year low of $207.20 and a one year high of $682.57. The company has a market capitalization of $13.84 billion, a price-to-earnings ratio of 301.56, a price-to-earnings-growth ratio of 3.91 and a beta of 1.40.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, topping the consensus estimate of $2.99 by $0.10. The company had revenue of $846.75 million during the quarter, compared to analyst estimates of $830.65 million. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The business’s revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.32 EPS. On average, equities research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Institutional Trading of HubSpot

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in HubSpot by 6.4% during the third quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock worth $2,683,659,000 after purchasing an additional 345,524 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in HubSpot by 36.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,581,922 shares of the software maker’s stock worth $1,838,727,000 after acquiring an additional 1,224,424 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of HubSpot by 32.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,935,587 shares of the software maker’s stock worth $776,714,000 after purchasing an additional 476,740 shares during the last quarter. State Street Corp boosted its holdings in HubSpot by 3.7% during the fourth quarter. State Street Corp now owns 1,191,843 shares of the software maker’s stock worth $478,287,000 after buying an additional 42,948 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of HubSpot by 117.6% during the 4th quarter. AQR Capital Management LLC now owns 1,188,981 shares of the software maker’s stock worth $477,138,000 after acquiring an additional 642,545 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on HUBS shares. Argus cut their price target on HubSpot from $650.00 to $525.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of HubSpot in a research report on Friday, January 9th. UBS Group reiterated an “overweight” rating on shares of HubSpot in a research note on Thursday, February 12th. KeyCorp reduced their price target on shares of HubSpot from $400.00 to $340.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Finally, Needham & Company LLC lowered their price target on shares of HubSpot from $700.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $443.34.

HubSpot Company Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.