Insider Selling: HubSpot, Inc. (NYSE:HUBS) CEO Sells 25,000 Shares of Stock

HubSpot, Inc. (NYSE:HUBS) CEO Brian Halligan sold 25,000 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $64.75, for a total transaction of $1,618,750.00. Following the completion of the sale, the chief executive officer now directly owns 806,787 shares in the company, valued at approximately $52,239,458.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Thursday, March 23rd, Brian Halligan sold 25,000 shares of HubSpot stock. The shares were sold at an average price of $60.05, for a total transaction of $1,501,250.00.

Shares of HubSpot, Inc. (HUBS) traded up 2.52% during trading on Friday, reaching $65.20. The company had a trading volume of 324,161 shares. The firm has a 50-day moving average price of $69.87 and a 200-day moving average price of $60.62. HubSpot, Inc. has a 52-week low of $41.71 and a 52-week high of $78.50. The company’s market capitalization is $2.38 billion.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Tuesday, May 2nd. The software maker reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.11. HubSpot had a negative return on equity of 35.75% and a negative net margin of 14.78%. The company had revenue of $82.25 million during the quarter, compared to the consensus estimate of $79.33 million. On average, analysts predict that HubSpot, Inc. will post ($0.08) EPS for the current fiscal year.

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HUBS has been the subject of several research analyst reports. Raymond James Financial, Inc. reaffirmed an “outperform” rating on shares of HubSpot in a research report on Tuesday, March 21st. Oppenheimer Holdings, Inc. set a $70.00 price target on shares of HubSpot and gave the stock a “buy” rating in a research report on Tuesday, March 28th. CIBC reaffirmed a “buy” rating and set a $70.00 target price on shares of HubSpot in a report on Wednesday, March 29th. BTIG Research raised shares of HubSpot from a “neutral” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Friday, March 31st. Finally, Guggenheim assumed coverage on shares of HubSpot in a research note on Thursday, April 13th. They issued a “buy” rating and a $70.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. HubSpot currently has a consensus rating of “Buy” and an average price target of $69.30.

Institutional investors have recently bought and sold shares of the stock. Point72 Asia Hong Kong Ltd boosted its position in HubSpot by 153.1% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,706 shares of the software maker’s stock valued at $103,000 after buying an additional 1,032 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in HubSpot during the first quarter worth approximately $151,000. Independent Portfolio Consultants Inc. raised its stake in HubSpot by 168.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,903 shares of the software maker’s stock worth $191,000 after buying an additional 1,823 shares during the period. Amalgamated Bank acquired a new stake in HubSpot during the first quarter worth approximately $214,000. Finally, Juncture Wealth Strategies LLC acquired a new stake in HubSpot during the first quarter worth approximately $241,000. 92.56% of the stock is owned by hedge funds and other institutional investors.

About HubSpot

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

Insider Buying and Selling by Quarter for HubSpot (NYSE:HUBS)

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