HubSpot, Inc. (HUBS) CEO Brian Halligan Sells 25,000 Shares of Stock

HubSpot, Inc. (NYSE:HUBS) CEO Brian Halligan sold 25,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $64.75, for a total value of $1,618,750.00. Following 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 document filed with the Securities & Exchange Commission, which is available through this link.

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 value of $1,501,250.00.

Shares of HubSpot, Inc. (HUBS) traded up 1.86% on Monday, hitting $68.55. The stock had a trading volume of 391,513 shares. HubSpot, Inc. has a 52-week low of $41.63 and a 52-week high of $78.50. The firm’s 50-day moving average price is $70.34 and its 200 day moving average price is $59.66. The firm’s market cap is $2.51 billion.

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

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

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HUBS has been the subject of a number of research analyst reports. Raymond James Financial, Inc. reiterated an “outperform” rating on shares of HubSpot in a research note on Tuesday, March 21st. Oppenheimer Holdings, Inc. set a $70.00 price target on HubSpot and gave the company a “buy” rating in a research note on Tuesday, March 28th. CIBC reiterated a “buy” rating and issued a $70.00 price target on shares of HubSpot in a research note on Wednesday, March 29th. BTIG Research upgraded HubSpot from a “neutral” rating to a “buy” rating and set a $73.00 price target for the company in a research note on Friday, March 31st. Finally, Guggenheim initiated coverage on HubSpot in a research note on Thursday, April 13th. They issued a “buy” rating and a $70.00 price target for the company. Two investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $68.68.

Several hedge funds have recently made changes to their positions in HUBS. BlackRock Inc. increased its stake in shares of HubSpot by 82,588.5% in the first quarter. BlackRock Inc. now owns 2,130,883 shares of the software maker’s stock valued at $129,025,000 after buying an additional 2,128,306 shares during the last quarter. First Trust Advisors LP increased its stake in shares of HubSpot by 2,526.6% in the first quarter. First Trust Advisors LP now owns 796,410 shares of the software maker’s stock valued at $48,223,000 after buying an additional 766,089 shares during the last quarter. Norges Bank bought a new stake in shares of HubSpot during the fourth quarter valued at approximately $23,160,000. Franklin Resources Inc. increased its stake in shares of HubSpot by 28.4% in the fourth quarter. Franklin Resources Inc. now owns 907,885 shares of the software maker’s stock valued at $42,671,000 after buying an additional 200,592 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of HubSpot by 24.9% in the first quarter. Bank of New York Mellon Corp now owns 965,891 shares of the software maker’s stock valued at $58,485,000 after buying an additional 192,602 shares during the last quarter. 92.56% of the stock is owned by institutional investors and hedge funds.

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.

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