HubSpot, Inc. (NYSE:HUBS – Get Free Report) Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $219.50, for a total value of $1,865,750.00. Following the sale, the director directly owned 76,500 shares of the company’s stock, valued at $16,791,750. This represents a 10.00% 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, July 21st, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $221.09, for a total value of $1,879,265.00.
- On Tuesday, June 16th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $184.42, for a total value of $1,567,570.00.
HubSpot Stock Performance
HubSpot stock opened at $238.74 on Friday. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 84.36, a PEG ratio of 2.47 and a beta of 1.19. HubSpot, Inc. has a 52-week low of $169.63 and a 52-week high of $525.51. The stock’s 50 day moving average price is $208.60 and its two-hundred day moving average price is $223.57.
Analyst Ratings Changes
Several brokerages have recently commented on HUBS. The Goldman Sachs Group set a $276.00 target price on HubSpot in a research note on Thursday, August 6th. Sanford C. Bernstein downgraded HubSpot from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $381.00 to $220.00 in a research note on Thursday, August 6th. Stephens lowered HubSpot from an “overweight” rating to a “hold” rating and set a $251.00 price target on the stock. in a report on Thursday, August 6th. JPMorgan Chase & Co. reduced their price objective on HubSpot from $530.00 to $425.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Finally, Jefferies Financial Group restated a “buy” rating and set a $250.00 price objective on shares of HubSpot in a report on Friday, May 8th. Fifteen investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $268.90.
Check Out Our Latest Stock Analysis on HubSpot
Institutional Trading of HubSpot
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Turning Point Benefit Group Inc. purchased a new position in shares of HubSpot during the third quarter valued at approximately $25,000. Rakuten Securities Inc. raised its position in HubSpot by 783.3% in the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after buying an additional 47 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in HubSpot during the 4th quarter valued at $33,000. Osterweis Capital Management Inc. bought a new position in HubSpot during the 2nd quarter valued at $34,000. Finally, Larson Financial Group LLC boosted its holdings in HubSpot by 378.9% during the 4th quarter. Larson Financial Group LLC now owns 91 shares of the software maker’s stock worth $37,000 after acquiring an additional 72 shares during the last quarter. 90.39% of the stock is owned by institutional investors.
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.
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