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

HubSpot, Inc. (NYSE:HUBS) Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $262.75, for a total value of $2,233,375.00. Following the completion of the transaction, the director directly owned 370,558 shares of the company’s stock, valued at approximately $97,364,114.50. This trade represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, February 17th, Brian Halligan sold 8,261 shares of HubSpot stock. The shares were sold at an average price of $253.00, for a total transaction of $2,090,033.00.
• On Tuesday, January 20th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $303.38, for a total transaction of $2,578,730.00.

HubSpot Trading Up 0.1%

HUBS stock traded up $0.25 during trading on Thursday, reaching $262.36. 920,361 shares of the stock were exchanged, compared to its average volume of 1,774,860. The firm’s 50 day moving average is $277.77 and its 200 day moving average is $378.26. The firm has a market cap of $13.84 billion, a P/E ratio of 301.56, a price-to-earnings-growth ratio of 3.96 and a beta of 1.40. HubSpot, Inc. has a twelve month low of $207.20 and a twelve month high of $682.57.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, beating the consensus estimate of $2.99 by $0.10. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The firm had revenue of $846.75 million during the quarter, compared to the consensus estimate of $830.65 million. During the same quarter in the previous year, the company posted $2.32 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HubSpot

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp raised its position in HubSpot by 2.5% in the third quarter. Fifth Third Bancorp now owns 1,076 shares of the software maker’s stock worth $503,000 after acquiring an additional 26 shares during the period. Insigneo Advisory Services LLC grew its position in shares of HubSpot by 6.3% during the 2nd quarter. Insigneo Advisory Services LLC now owns 470 shares of the software maker’s stock valued at $262,000 after acquiring an additional 28 shares during the period. GPS Wealth Strategies Group LLC increased its stake in shares of HubSpot by 5.7% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 522 shares of the software maker’s stock worth $244,000 after purchasing an additional 28 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of HubSpot by 9.1% during the 3rd quarter. Bessemer Group Inc. now owns 335 shares of the software maker’s stock worth $156,000 after purchasing an additional 28 shares during the last quarter. Finally, Asset Dedication LLC raised its holdings in shares of HubSpot by 27.1% in the 2nd quarter. Asset Dedication LLC now owns 136 shares of the software maker’s stock worth $76,000 after purchasing an additional 29 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on HUBS shares. Mizuho dropped their price objective on shares of HubSpot from $550.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 12th. Citigroup upped their target price on shares of HubSpot from $600.00 to $640.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Wall Street Zen raised shares of HubSpot from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Royal Bank Of Canada decreased their price objective on HubSpot from $800.00 to $400.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. Finally, Canaccord Genuity Group set a $485.00 price objective on shares of HubSpot in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $443.34.

About HubSpot

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.