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

HubSpot, Inc. (NYSE:HUBS - Get Free Report) insider Brian Halligan sold 8,500 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now owns 524,751 shares of the company's stock, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, December 17th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $729.65, for a total transaction of $6,202,025.00.

HubSpot Trading Down 0.4 %

Shares of HUBS traded down $3.17 during mid-day trading on Monday, hitting $723.26. 573,851 shares of the company's stock were exchanged, compared to its average volume of 507,667. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The business's 50 day moving average is $739.45 and its two-hundred day moving average is $635.73. The firm has a market capitalization of $37.72 billion, a P/E ratio of 8,037.08, a P/E/G ratio of 41.44 and a beta of 1.72.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, equities research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Institutional Investors Weigh In On HubSpot

Several hedge funds have recently modified their holdings of HUBS. Wilmington Savings Fund Society FSB acquired a new stake in shares of HubSpot during the third quarter worth $25,000. Elequin Capital LP acquired a new stake in shares of HubSpot during the fourth quarter worth $27,000. Larson Financial Group LLC lifted its holdings in shares of HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after purchasing an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after purchasing an additional 19 shares during the period. Finally, Coppell Advisory Solutions LLC lifted its holdings in shares of HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after purchasing an additional 22 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HUBS shares. Evercore ISI upped their price target on shares of HubSpot from $610.00 to $700.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. Morgan Stanley upped their price target on shares of HubSpot from $835.00 to $898.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Redburn Atlantic started coverage on shares of HubSpot in a research report on Wednesday, February 19th. They set a "buy" rating for the company. Mizuho upped their price target on shares of HubSpot from $725.00 to $775.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Finally, Jefferies Financial Group upped their price target on shares of HubSpot from $860.00 to $900.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, HubSpot presently has a consensus rating of "Moderate Buy" and an average price target of $863.96.

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.