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

HubSpot, Inc. (NYSE:HUBS) Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total value of $2,578,730.00. Following the sale, the director owned 487,344 shares in the company, valued at $147,850,422.72. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, December 16th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $366.99, for a total transaction of $3,119,415.00.
• On Tuesday, November 18th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $368.11, for a total transaction 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 transaction of $115,925.50.

HubSpot Stock Up 0.9%

HUBS opened at $322.27 on Friday. HubSpot, Inc. has a twelve month low of $300.09 and a twelve month high of $881.13. The company’s 50-day moving average price is $370.22 and its two-hundred day moving average price is $442.49. The stock has a market cap of $16.88 billion, a price-to-earnings ratio of -4,028.39, a PEG ratio of 7.56 and a beta of 1.46.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The company had revenue of $809.52 million during the quarter, compared to analyst estimates of $786.80 million. During the same quarter last year, the business posted $2.18 EPS. HubSpot’s quarterly revenue was up 20.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Oppenheimer cut their price target on HubSpot from $750.00 to $550.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Canaccord Genuity Group cut their target price on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Stifel Nicolaus lowered their price target on shares of HubSpot from $550.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday. BMO Capital Markets dropped their price target on shares of HubSpot from $550.00 to $465.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. cut their price objective on shares of HubSpot from $675.00 to $650.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $601.40.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HUBS. QRG Capital Management Inc. raised its position in shares of HubSpot by 5.9% in the second quarter. QRG Capital Management Inc. now owns 434 shares of the software maker’s stock worth $242,000 after buying an additional 24 shares in the last quarter. Fifth Third Bancorp increased its stake in HubSpot by 2.5% in the 3rd quarter. Fifth Third Bancorp now owns 1,076 shares of the software maker’s stock worth $503,000 after acquiring an additional 26 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of HubSpot by 4.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 597 shares of the software maker’s stock valued at $332,000 after acquiring an additional 27 shares in the last quarter. Insigneo Advisory Services LLC boosted its position in shares of HubSpot by 6.3% during the 2nd quarter. Insigneo Advisory Services LLC now owns 470 shares of the software maker’s stock valued at $262,000 after acquiring an additional 28 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC grew its holdings in shares of HubSpot by 5.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 522 shares of the software maker’s stock worth $244,000 after purchasing an additional 28 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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.