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 company’s stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $300.18, for a total value of $2,551,530.00. Following the sale, the insider now directly owns 684,851 shares of the company’s stock, valued at $205,578,573.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, May 17th, Brian Halligan sold 6,500 shares of HubSpot stock. The stock was sold at an average price of $350.30, for a total value of $2,276,950.00.

Shares of NYSE:HUBS opened at $328.49 on Friday. The business has a 50 day moving average price of $350.27 and a 200 day moving average price of $463.52. HubSpot, Inc. has a twelve month low of $278.49 and a twelve month high of $866.00. The company has a market cap of $15.69 billion, a price-to-earnings ratio of -239.77 and a beta of 1.70. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.54.

HubSpot (NYSE:HUBSGet Rating) last announced its earnings results on Thursday, May 5th. The software maker reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.17. HubSpot had a negative return on equity of 7.33% and a negative net margin of 4.52%. The firm had revenue of $395.60 million during the quarter, compared to the consensus estimate of $383.05 million. During the same quarter in the prior year, the company earned ($0.29) EPS. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. Analysts anticipate that HubSpot, Inc. will post -1.94 EPS for the current year.

Several hedge funds have recently made changes to their positions in HUBS. Guggenheim Capital LLC lifted its position in shares of HubSpot by 15.9% in the 3rd quarter. Guggenheim Capital LLC now owns 1,494 shares of the software maker’s stock worth $1,010,000 after acquiring an additional 205 shares during the period. Eaton Vance Management lifted its position in shares of HubSpot by 14.0% in the 3rd quarter. Eaton Vance Management now owns 784 shares of the software maker’s stock worth $463,000 after acquiring an additional 96 shares during the period. MML Investors Services LLC lifted its position in shares of HubSpot by 127.2% in the 3rd quarter. MML Investors Services LLC now owns 1,277 shares of the software maker’s stock worth $863,000 after acquiring an additional 715 shares during the period. Millennium Management LLC lifted its position in shares of HubSpot by 2.8% in the 3rd quarter. Millennium Management LLC now owns 31,849 shares of the software maker’s stock worth $21,533,000 after acquiring an additional 879 shares during the period. Finally, LPL Financial LLC lifted its position in shares of HubSpot by 84.2% in the 3rd quarter. LPL Financial LLC now owns 16,643 shares of the software maker’s stock worth $11,252,000 after acquiring an additional 7,606 shares during the period. Institutional investors own 91.82% of the company’s stock.

Several equities research analysts recently issued reports on the company. Scotiabank assumed coverage on HubSpot in a research note on Thursday, June 9th. They issued an “outperform” rating and a $550.00 price objective for the company. Raymond James reduced their price objective on HubSpot from $700.00 to $500.00 and set a “strong-buy” rating for the company in a research note on Friday, May 6th. BMO Capital Markets reduced their price objective on HubSpot from $485.00 to $405.00 and set an “outperform” rating for the company in a research note on Friday, May 6th. Stifel Nicolaus reduced their price objective on HubSpot from $700.00 to $575.00 in a research note on Friday, May 6th. Finally, Cowen dropped their target price on HubSpot from $750.00 to $700.00 in a research report on Thursday, April 21st. Three analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $645.40.

About HubSpot (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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