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

HubSpot, Inc. (NYSE:HUBS) Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $262.75, for a total transaction of $2,233,375.00. Following the transaction, the director owned 370,558 shares in the company, valued at approximately $97,364,114.50. The trade was a 2.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, February 17th, Brian Halligan sold 8,261 shares of HubSpot stock. The shares were sold at an average price of $253.00, for a total transaction of $2,090,033.00.
• On Tuesday, January 20th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $303.38, for a total value of $2,578,730.00.

HubSpot Stock Down 1.3%

Shares of HUBS opened at $258.87 on Friday. HubSpot, Inc. has a 12-month low of $207.20 and a 12-month high of $682.57. The firm has a market capitalization of $13.65 billion, a price-to-earnings ratio of 297.55, a P/E/G ratio of 3.91 and a beta of 1.40. The stock’s 50-day moving average price is $273.35 and its 200 day moving average price is $375.90.

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

Analysts Set New Price Targets

Several research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of HubSpot in a research report on Friday, January 9th. Stifel Nicolaus dropped their price objective on shares of HubSpot from $550.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. Royal Bank Of Canada reduced their price objective on shares of HubSpot from $800.00 to $400.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. Mizuho decreased their target price on shares of HubSpot from $550.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, February 12th. Finally, BTIG Research lowered their target price on shares of HubSpot from $500.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and an average target price of $443.34.

Institutional Investors Weigh In On HubSpot

A number of institutional investors and hedge funds have recently made changes to their positions in HUBS. World Investment Advisors raised its position in shares of HubSpot by 72.7% during the 4th quarter. World Investment Advisors now owns 786 shares of the software maker’s stock valued at $315,000 after acquiring an additional 331 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of HubSpot by 40.8% in the 4th quarter. Corient Private Wealth LLC now owns 2,967 shares of the software maker’s stock worth $1,191,000 after purchasing an additional 860 shares during the last quarter. Reflection Asset Management bought a new position in shares of HubSpot in the 4th quarter worth $37,000. Wick Capital Partners LLC acquired a new stake in shares of HubSpot during the fourth quarter worth $335,000. Finally, Groupama Asset Managment grew its stake in shares of HubSpot by 3.3% during the fourth quarter. Groupama Asset Managment now owns 64,729 shares of the software maker’s stock worth $25,976,000 after purchasing an additional 2,065 shares during the period. Institutional investors own 90.39% of the company’s stock.

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.