Brian Halligan Sells 8,261 Shares of HubSpot (NYSE:HUBS) Stock

HubSpot, Inc. (NYSE:HUBS) Director Brian Halligan sold 8,261 shares of HubSpot stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $253.00, for a total value of $2,090,033.00. Following the sale, the director directly owned 481,168 shares in the company, valued at $121,735,504. The trade was a 1.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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.
• 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 transaction of $3,119,415.00.

HubSpot Stock Performance

Shares of HUBS stock traded down $10.78 during trading hours on Thursday, hitting $239.36. The company had a trading volume of 1,440,641 shares, compared to its average volume of 1,863,259. HubSpot, Inc. has a 12 month low of $207.20 and a 12 month high of $766.63. The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of 275.13, a PEG ratio of 3.67 and a beta of 1.44. The firm’s fifty day moving average is $329.38 and its 200 day moving average is $405.83.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, beating the consensus estimate of $2.99 by $0.10. The business had revenue of $846.75 million for the quarter, compared to analyst estimates of $830.65 million. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.HubSpot’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.32 EPS. On average, sell-side analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. The Goldman Sachs Group cut their price objective on HubSpot from $517.00 to $442.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Needham & Company LLC lowered their target price on HubSpot from $700.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Royal Bank Of Canada cut their price target on HubSpot from $800.00 to $400.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. Evercore set a $500.00 price objective on shares of HubSpot in a report on Thursday, November 6th. Finally, Rothschild & Co Redburn cut shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and an average target price of $452.70.

Institutional Trading of HubSpot

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in HubSpot by 6.4% in the third quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock worth $2,683,659,000 after purchasing an additional 345,524 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of HubSpot by 36.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,581,922 shares of the software maker’s stock valued at $1,838,727,000 after purchasing an additional 1,224,424 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in HubSpot by 32.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,935,587 shares of the software maker’s stock worth $776,714,000 after acquiring an additional 476,740 shares during the last quarter. State Street Corp boosted its holdings in HubSpot by 3.7% during the fourth quarter. State Street Corp now owns 1,191,843 shares of the software maker’s stock worth $478,287,000 after purchasing an additional 42,948 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of HubSpot by 117.6% in the 4th quarter. AQR Capital Management LLC now owns 1,188,981 shares of the software maker’s stock valued at $477,138,000 after acquiring an additional 642,545 shares in the last quarter. 90.39% of the stock is owned by 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.