HubSpot, Inc. (NYSE:HUBS - Get Free Report) insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the transaction, the insider now owns 527,233 shares of the company's stock, valued at $320,283,502.84. The trade was a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Brian Halligan also recently made the following trade(s):
- On Tuesday, February 18th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00.
HubSpot Price Performance
Shares of NYSE:HUBS traded up $6.67 during trading on Friday, hitting $604.89. 644,974 shares of the company were exchanged, compared to its average volume of 604,950. The firm's 50 day moving average price is $715.33 and its 200-day moving average price is $655.14. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13. The stock has a market capitalization of $31.55 billion, a P/E ratio of 6,721.75, a PEG ratio of 41.44 and a beta of 1.80.
HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results 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 net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities research analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on HUBS shares. BMO Capital Markets lifted their price target on shares of HubSpot from $690.00 to $885.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Barclays upgraded shares of HubSpot from an "equal weight" rating to an "overweight" rating and set a $815.00 target price for the company in a report on Wednesday, March 12th. Citigroup upped their price target on HubSpot from $750.00 to $900.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. The Goldman Sachs Group lifted their price objective on HubSpot from $783.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Raymond James boosted their price objective on HubSpot from $750.00 to $980.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $853.32.
Read Our Latest Stock Report on HUBS
Institutional Trading of HubSpot
Large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in HubSpot by 45.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the software maker's stock valued at $3,238,000 after buying an additional 1,450 shares during the last quarter. Siemens Fonds Invest GmbH increased its holdings in shares of HubSpot by 514.8% in the 4th quarter. Siemens Fonds Invest GmbH now owns 3,148 shares of the software maker's stock valued at $2,193,000 after acquiring an additional 2,636 shares during the period. Park Square Financial Group LLC purchased a new stake in HubSpot in the 4th quarter valued at $219,000. Menard Financial Group LLC acquired a new stake in HubSpot during the 4th quarter worth $404,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in HubSpot during the 4th quarter worth $32,682,000. 90.39% of the stock is owned by institutional investors and hedge funds.
About HubSpot
(
Get Free Report)
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.
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