HubSpot (NYSE:HUBS) Director Sells $2,090,033.00 in Stock

HubSpot, Inc. (NYSE:HUBS) Director Brian Halligan sold 8,261 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $253.00, for a total transaction of $2,090,033.00. Following the transaction, the director directly owned 481,168 shares of the company’s stock, valued at $121,735,504. The trade was a 1.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Tuesday, January 20th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $303.38, for a total value of $2,578,730.00.
• 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 value of $3,119,415.00.

HubSpot Trading Down 2.5%

HUBS opened at $233.30 on Friday. The stock’s 50-day moving average price is $323.59 and its 200 day moving average price is $402.17. HubSpot, Inc. has a 12-month low of $207.20 and a 12-month high of $749.00. The firm has a market cap of $12.30 billion, a price-to-earnings ratio of 268.16, a PEG ratio of 3.46 and a beta of 1.44.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.10. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The business had revenue of $846.75 million for the quarter, compared to analysts’ expectations of $830.65 million. During the same quarter in the prior year, the company earned $2.32 earnings per share. The business’s quarterly revenue was up 20.4% on a year-over-year basis. On average, research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Institutional Trading of HubSpot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strategic Advocates LLC acquired a new position in shares of HubSpot in the 3rd quarter valued at $25,000. Turning Point Benefit Group Inc. purchased a new stake in HubSpot in the third quarter valued at $25,000. Goodman Advisory Group LLC acquired a new position in HubSpot in the second quarter valued at $27,000. Whittier Trust Co. grew its holdings in shares of HubSpot by 136.4% during the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. Finally, Exane Asset Management purchased a new position in shares of HubSpot during the third quarter worth about $30,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of HubSpot in a research report on Thursday, February 12th. Morgan Stanley restated an “overweight” rating on shares of HubSpot in a report on Thursday, February 12th. Zacks Research raised HubSpot from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Oppenheimer lowered their price objective on HubSpot from $550.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Finally, Mizuho decreased their price target on shares of HubSpot from $550.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and a consensus target price of $452.70.

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.