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

HubSpot, Inc. (NYSE:HUBSGet Rating) insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $286.00, for a total value of $2,431,000.00. Following the completion of the sale, the insider now owns 658,066 shares of the company’s stock, valued at $188,206,876. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Tuesday, July 19th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $279.20, for a total transaction of $2,373,200.00.

HubSpot Trading Down 3.5 %

Shares of HUBS opened at $273.31 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.31 and a current ratio of 2.31. The company has a market cap of $13.12 billion, a price-to-earnings ratio of -135.30 and a beta of 1.56. The stock has a fifty day moving average price of $326.14 and a two-hundred day moving average price of $359.60. HubSpot, Inc. has a 52-week low of $257.21 and a 52-week high of $866.00.

HubSpot (NYSE:HUBSGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The software maker reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by ($0.16). The company had revenue of $421.76 million for the quarter, compared to analyst estimates of $409.67 million. HubSpot had a negative return on equity of 9.89% and a negative net margin of 6.28%. Analysts predict that HubSpot, Inc. will post -2.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HUBS shares. UBS Group cut their target price on shares of HubSpot from $390.00 to $325.00 and set a “neutral” rating for the company in a research report on Tuesday, August 2nd. KeyCorp decreased their target price on HubSpot from $461.00 to $410.00 and set an “overweight” rating for the company in a research note on Friday, July 22nd. The Goldman Sachs Group dropped their price target on HubSpot from $617.00 to $444.00 and set a “buy” rating on the stock in a research report on Thursday, July 14th. Oppenheimer increased their price objective on HubSpot from $350.00 to $425.00 in a research report on Monday, August 8th. Finally, Cowen dropped their target price on shares of HubSpot from $670.00 to $415.00 and set an “outperform” rating on the stock in a research report on Friday, July 22nd. Three investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $523.92.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. abrdn plc boosted its stake in HubSpot by 5.6% in the fourth quarter. abrdn plc now owns 5,536 shares of the software maker’s stock valued at $3,649,000 after acquiring an additional 292 shares during the last quarter. Bank of Montreal Can grew its stake in shares of HubSpot by 256.4% during the fourth quarter. Bank of Montreal Can now owns 20,628 shares of the software maker’s stock worth $13,839,000 after purchasing an additional 14,840 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in HubSpot by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 136,095 shares of the software maker’s stock valued at $89,707,000 after purchasing an additional 3,775 shares during the last quarter. Geode Capital Management LLC lifted its stake in HubSpot by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 581,044 shares of the software maker’s stock valued at $382,446,000 after buying an additional 10,359 shares during the period. Finally, Alberta Investment Management Corp bought a new position in HubSpot during the fourth quarter worth about $1,912,000. Institutional investors own 91.05% of the company’s stock.

HubSpot Company Profile

(Get Rating)

HubSpot, Inc provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes marketing, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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Insider Buying and Selling by Quarter for HubSpot (NYSE:HUBS)

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