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

HubSpot, Inc. (NYSE:HUBS - Get Free Report) insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the completion of the transaction, the insider now owns 513,698 shares in the company, valued at $374,819,745.70. This represents a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, November 19th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00.

HubSpot Trading Down 0.6 %

Shares of HubSpot stock traded down $4.57 during trading on Thursday, hitting $702.45. 590,312 shares of the stock were exchanged, compared to its average volume of 585,807. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $762.47. The stock has a market capitalization of $36.26 billion, a price-to-earnings ratio of -2,601.57, a price-to-earnings-growth ratio of 88.26 and a beta of 1.70. The company has a fifty day moving average price of $652.76 and a 200-day moving average price of $567.95.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.91 by $0.27. The company had revenue of $669.72 million during the quarter, compared to analysts' expectations of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business's revenue was up 20.1% on a year-over-year basis. During the same period last year, the firm posted ($0.04) earnings per share. Equities research analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Hedge Funds Weigh In On HubSpot

Several institutional investors and hedge funds have recently modified their holdings of HUBS. Raymond James Financial Services Advisors Inc. increased its stake in shares of HubSpot by 9.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 24,767 shares of the software maker's stock worth $14,607,000 after purchasing an additional 2,072 shares during the period. Fifth Third Wealth Advisors LLC increased its position in HubSpot by 45.8% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 509 shares of the software maker's stock worth $300,000 after buying an additional 160 shares during the period. Alta Wealth Advisors LLC acquired a new stake in shares of HubSpot during the second quarter worth $1,207,000. McAdam LLC boosted its position in shares of HubSpot by 10.7% in the second quarter. McAdam LLC now owns 1,671 shares of the software maker's stock valued at $986,000 after acquiring an additional 162 shares during the period. Finally, Moody Lynn & Lieberson LLC acquired a new position in shares of HubSpot in the second quarter valued at about $207,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HUBS has been the subject of several analyst reports. BMO Capital Markets boosted their target price on HubSpot from $570.00 to $690.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Piper Sandler cut shares of HubSpot from an "overweight" rating to a "neutral" rating and boosted their price objective for the company from $570.00 to $640.00 in a report on Thursday, November 7th. The Goldman Sachs Group upped their target price on shares of HubSpot from $626.00 to $690.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Wells Fargo & Company upped their price objective on shares of HubSpot from $625.00 to $750.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus lifted their target price on HubSpot from $750.00 to $880.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $702.23.

HubSpot Company Profile

HubSpot, Inc, together with its subsidiaries, 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 Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.