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

HubSpot, Inc. (NYSE:HUBS) Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $366.99, for a total transaction of $3,119,415.00. Following the transaction, the director directly owned 496,308 shares of the company’s stock, valued at $182,140,072.92. This represents a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, November 18th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $368.11, for a total value of $3,128,935.00.
• On Monday, November 3rd, Brian Halligan sold 235 shares of HubSpot stock. The stock was sold at an average price of $493.30, for a total value of $115,925.50.
• On Tuesday, October 21st, Brian Halligan sold 8,265 shares of HubSpot stock. The shares were sold at an average price of $446.98, for a total value of $3,694,289.70.

HubSpot Stock Performance

Shares of HUBS stock opened at $389.81 on Friday. The business’s fifty day moving average is $409.23 and its 200 day moving average is $476.59. HubSpot, Inc. has a 52-week low of $344.41 and a 52-week high of $881.13. The company has a market capitalization of $20.42 billion, a PE ratio of -4,872.63, a price-to-earnings-growth ratio of 13.22 and a beta of 1.46.

HubSpot (NYSE:HUBS) last released its earnings results on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.08. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The business had revenue of $809.52 million for the quarter, compared to analysts’ expectations of $786.80 million. During the same quarter in the prior year, the firm earned $2.18 earnings per share. The firm’s revenue was up 20.9% on a year-over-year basis. On average, sell-side analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Hedge Funds Weigh In On HubSpot

A number of hedge funds have recently added to or reduced their stakes in the company. Cresset Asset Management LLC increased its holdings in HubSpot by 2.4% in the 1st quarter. Cresset Asset Management LLC now owns 3,705 shares of the software maker’s stock worth $2,117,000 after buying an additional 88 shares in the last quarter. Northern Trust Corp grew its stake in shares of HubSpot by 1.3% in the first quarter. Northern Trust Corp now owns 350,006 shares of the software maker’s stock worth $199,955,000 after acquiring an additional 4,471 shares during the period. Quantbot Technologies LP raised its holdings in shares of HubSpot by 683.5% during the first quarter. Quantbot Technologies LP now owns 4,035 shares of the software maker’s stock valued at $2,305,000 after purchasing an additional 3,520 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in HubSpot by 32.0% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 12,381 shares of the software maker’s stock valued at $7,058,000 after purchasing an additional 3,000 shares during the period. Finally, Credit Agricole S A lifted its position in HubSpot by 3.9% during the first quarter. Credit Agricole S A now owns 4,422 shares of the software maker’s stock valued at $2,526,000 after purchasing an additional 166 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HUBS shares. Argus dropped their price target on shares of HubSpot from $650.00 to $525.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. UBS Group set a $500.00 target price on HubSpot in a research note on Friday, November 7th. Wells Fargo & Company reduced their price target on HubSpot from $685.00 to $600.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Cantor Fitzgerald dropped their price objective on HubSpot from $775.00 to $500.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Finally, Stifel Nicolaus reduced their target price on HubSpot from $600.00 to $550.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $613.45.

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.