HubSpot (NYSE:HUBS) Director Sells $2,578,730.00 in Stock

HubSpot, Inc. (NYSE:HUBS) Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the transaction, the director directly owned 487,344 shares in the company, valued at approximately $147,850,422.72. This trade represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, December 16th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $366.99, for a total value of $3,119,415.00.
• On Tuesday, November 18th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $368.11, for a total value of $3,128,935.00.
• On Monday, November 3rd, Brian Halligan sold 235 shares of HubSpot stock. The shares were sold at an average price of $493.30, for a total value of $115,925.50.

HubSpot Stock Performance

HubSpot stock traded up $15.84 during midday trading on Thursday, hitting $318.16. 1,212,906 shares of the company’s stock were exchanged, compared to its average volume of 1,067,859. HubSpot, Inc. has a 12 month low of $300.09 and a 12 month high of $881.13. The company has a market cap of $16.67 billion, a PE ratio of -3,977.00, a P/E/G ratio of 7.21 and a beta of 1.46. The firm has a 50-day moving average of $373.14 and a two-hundred day moving average of $444.98.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.08. The firm had revenue of $809.52 million during the quarter, compared to analysts’ expectations of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.18 EPS. As a group, equities analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HUBS shares. JPMorgan Chase & Co. cut their target price on HubSpot from $675.00 to $650.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Evercore ISI set a $500.00 target price on shares of HubSpot in a research report on Thursday, November 6th. Citigroup reaffirmed a “buy” rating on shares of HubSpot in a report on Monday, January 12th. Rothschild & Co Redburn reissued a “neutral” rating and issued a $450.00 price target (down previously from $610.00) on shares of HubSpot in a report on Monday, November 10th. Finally, The Goldman Sachs Group dropped their price target on HubSpot from $717.00 to $612.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $603.07.

Institutional Investors Weigh In On HubSpot

Several hedge funds have recently added to or reduced their stakes in the business. Goodman Advisory Group LLC acquired a new stake in HubSpot during the 2nd quarter worth about $27,000. Whittier Trust Co. raised its position in HubSpot by 136.4% during the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after acquiring an additional 30 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in HubSpot by 783.3% in the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after acquiring an additional 47 shares during the period. Strategic Advocates LLC purchased a new stake in HubSpot in the 3rd quarter worth approximately $25,000. Finally, Turning Point Benefit Group Inc. acquired a new stake in shares of HubSpot during the 3rd quarter worth approximately $25,000. 90.39% of the stock is owned by hedge funds and other 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.