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

HubSpot, Inc. (NYSE:HUBS) insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total value of $4,578,100.00. Following the sale, the insider now owns 525,687 shares in the company, valued at approximately $283,135,018.20. The trade was a 1.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, March 18th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00.
• On Tuesday, February 18th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00.

HubSpot Stock Down 0.9 %

NYSE HUBS opened at $538.98 on Friday. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The business’s fifty day simple moving average is $627.88 and its 200-day simple moving average is $659.10. The firm has a market cap of $28.11 billion, a PE ratio of 5,989.35, a P/E/G ratio of 41.44 and a beta of 1.82.

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

Institutional Investors Weigh In On HubSpot

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot during the 3rd quarter worth $25,000. Elequin Capital LP purchased a new position in HubSpot during the fourth quarter worth about $27,000. Larson Financial Group LLC increased its position in shares of HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after acquiring an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after acquiring an additional 19 shares during the last quarter. Finally, Coppell Advisory Solutions LLC raised its stake in shares of HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after acquiring an additional 22 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HUBS shares. UBS Group raised shares of HubSpot from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $775.00 to $675.00 in a report on Tuesday. Piper Sandler boosted their target price on shares of HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Stephens started coverage on HubSpot in a research report on Wednesday, March 19th. They set an “overweight” rating and a $769.00 price target on the stock. William Blair reissued an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. Finally, Wells Fargo & Company upped their target price on HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and an average target price of $818.04.

HubSpot Company Profile

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.