HubSpot (NYSE:HUBS) Director Brian Halligan Sells 8,292 Shares of Stock

HubSpot, Inc. (NYSE:HUBS) Director Brian Halligan sold 8,292 shares of HubSpot stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $230.72, for a total value of $1,913,130.24. Following the sale, the director directly owned 362,000 shares in the company, valued at approximately $83,520,640. The trade was a 2.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, March 17th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $262.75, for a total value of $2,233,375.00.
• On Tuesday, February 17th, Brian Halligan sold 8,261 shares of HubSpot stock. The stock was sold at an average price of $253.00, for a total value of $2,090,033.00.

HubSpot Stock Performance

Shares of NYSE HUBS opened at $214.87 on Friday. HubSpot, Inc. has a 1 year low of $187.45 and a 1 year high of $682.57. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 246.98, a PEG ratio of 3.22 and a beta of 1.44. The stock’s 50-day simple moving average is $244.77 and its 200-day simple moving average is $331.87.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The business had revenue of $846.75 million for the quarter, compared to analyst estimates of $830.65 million. During the same period in the previous year, the company earned $2.32 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, research analysts predict that HubSpot, Inc. will post 3.62 EPS for the current year.

Institutional Trading of HubSpot

Several institutional investors have recently added to or reduced their stakes in HUBS. Strategic Advocates LLC acquired a new position in HubSpot in the third quarter valued at approximately $25,000. Turning Point Benefit Group Inc. acquired a new position in HubSpot in the third quarter valued at approximately $25,000. Exane Asset Management acquired a new position in HubSpot in the third quarter valued at approximately $30,000. Rakuten Securities Inc. boosted its stake 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. Finally, Westside Investment Management Inc. boosted its stake in HubSpot by 80.5% in the third quarter. Westside Investment Management Inc. now owns 74 shares of the software maker’s stock valued at $33,000 after acquiring an additional 33 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Piper Sandler decreased their price target on HubSpot from $280.00 to $260.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Morgan Stanley reiterated an “overweight” rating on shares of HubSpot in a research note on Thursday, February 12th. Cantor Fitzgerald lifted their price target on HubSpot from $280.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Wall Street Zen downgraded HubSpot from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 19th. Finally, Zacks Research downgraded HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Twenty-five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $399.89.

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.