HubSpot, Inc. (NYSE:HUBS) Insider Brian Halligan Sells 8,500 Shares

HubSpot, Inc. (NYSE:HUBS) insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the transaction, the insider now directly owns 524,751 shares in the company, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, December 17th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $729.65, for a total transaction of $6,202,025.00.

HubSpot Stock Performance

Shares of NYSE HUBS traded down $22.81 during mid-day trading on Thursday, reaching $748.14. The company had a trading volume of 672,288 shares, compared to its average volume of 496,154. The stock has a market capitalization of $39.02 billion, a PE ratio of 8,313.56, a price-to-earnings-growth ratio of 44.50 and a beta of 1.72. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The stock’s 50 day moving average is $739.56 and its 200-day moving average is $628.81.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, sell-side analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HUBS shares. Piper Sandler increased their price objective on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. StockNews.com upgraded HubSpot from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Stifel Nicolaus increased their price objective on HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Barclays increased their price objective on HubSpot from $725.00 to $815.00 and gave the company an “equal weight” rating in a research report on Thursday, February 13th. Finally, KeyCorp upgraded HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective for the company in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $863.96.

Hedge Funds Weigh In On HubSpot

Several hedge funds have recently bought and sold shares of HUBS. Wilmington Savings Fund Society FSB acquired a new position in HubSpot during the third quarter worth $25,000. Elequin Capital LP acquired a new stake in shares of HubSpot in the fourth quarter valued at about $27,000. Larson Financial Group LLC grew its position in shares of HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the last quarter. Finally, Coppell Advisory Solutions LLC grew its position in shares of HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after purchasing an additional 22 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

About HubSpot

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.