Brian Halligan Sells 8,261 Shares of HubSpot (NYSE:HUBS) Stock

HubSpot, Inc. (NYSE:HUBS) Director Brian Halligan sold 8,261 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $253.00, for a total transaction of $2,090,033.00. Following the completion of the sale, the director owned 481,168 shares in the company, valued at approximately $121,735,504. The trade was a 1.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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.
• On Tuesday, December 16th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $366.99, for a total value of $3,119,415.00.

HubSpot Price Performance

NYSE:HUBS opened at $233.30 on Friday. The stock’s 50 day simple moving average is $323.59 and its two-hundred day simple moving average is $402.80. HubSpot, Inc. has a 1 year low of $207.20 and a 1 year high of $749.00. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 268.16, a PEG ratio of 3.55 and a beta of 1.44.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HUBS. Morgan Stanley reaffirmed an “overweight” rating on shares of HubSpot in a research note on Thursday, February 12th. Royal Bank Of Canada decreased their price target on HubSpot from $800.00 to $400.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Wall Street Zen upgraded HubSpot from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Truist Financial reduced their target price on HubSpot from $650.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of HubSpot in a research note on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $452.70.

Hedge Funds Weigh In On HubSpot

Several institutional investors have recently bought and sold shares of the business. Strategic Advocates LLC bought a new stake in HubSpot during the 3rd quarter valued at $25,000. Turning Point Benefit Group Inc. purchased a new stake in shares of HubSpot during the 3rd quarter worth $25,000. Goodman Advisory Group LLC bought a new stake in HubSpot during the second quarter valued at about $27,000. Whittier Trust Co. grew its stake in HubSpot by 136.4% in the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Finally, Exane Asset Management purchased a new position in shares of HubSpot in the 3rd quarter worth approximately $30,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.