HubSpot, Inc. (NYSE:HUBS – Get Free Report) Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $184.42, for a total transaction of $1,567,570.00. Following the completion of the transaction, the director directly owned 93,500 shares in the company, valued at $17,243,270. This trade represents a 8.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Brian Halligan also recently made the following trade(s):
- On Tuesday, May 19th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $220.00, for a total transaction of $1,870,000.00.
- On Tuesday, April 21st, Brian Halligan sold 8,292 shares of HubSpot stock. The shares were sold at an average price of $230.72, for a total transaction of $1,913,130.24.
HubSpot Stock Performance
Shares of HUBS stock traded down $0.67 during mid-day trading on Thursday, hitting $176.04. 2,562,691 shares of the stock were exchanged, compared to its average volume of 1,817,613. The stock’s fifty day simple moving average is $210.34 and its two-hundred day simple moving average is $273.41. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of 92.17, a P/E/G ratio of 2.00 and a beta of 1.21. HubSpot, Inc. has a 12-month low of $171.65 and a 12-month high of $568.16.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on HUBS. Piper Sandler decreased their price objective on HubSpot from $260.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, May 8th. KeyCorp cut their target price on shares of HubSpot from $340.00 to $290.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. BMO Capital Markets reduced their price target on shares of HubSpot from $285.00 to $230.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. The Goldman Sachs Group reiterated a “buy” rating and set a $382.00 price target on shares of HubSpot in a research note on Friday, May 8th. Finally, Royal Bank Of Canada lowered their price objective on shares of HubSpot from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Twenty-one equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus target price of $311.00.
Get Our Latest Research Report on HUBS
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Empowered Funds LLC raised its stake in shares of HubSpot by 88.5% during the first quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock worth $897,000 after purchasing an additional 737 shares during the last quarter. NewEdge Advisors LLC grew its position in HubSpot by 12.1% in the 2nd quarter. NewEdge Advisors LLC now owns 4,788 shares of the software maker’s stock valued at $2,665,000 after buying an additional 516 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in HubSpot by 4.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 23,754 shares of the software maker’s stock valued at $13,222,000 after buying an additional 1,077 shares during the period. Osterweis Capital Management Inc. acquired a new position in HubSpot in the 2nd quarter valued at $34,000. Finally, Alliancebernstein L.P. raised its position in HubSpot by 35.0% during the 2nd quarter. Alliancebernstein L.P. now owns 376,076 shares of the software maker’s stock worth $209,335,000 after buying an additional 97,469 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.
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.
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