Insider Selling: HubSpot (NYSE:HUBS) Director Sells $2,233,375.00 in Stock

HubSpot, Inc. (NYSE:HUBS) Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $262.75, for a total transaction of $2,233,375.00. Following the completion of the transaction, the director owned 370,558 shares of the company’s stock, valued at approximately $97,364,114.50. The trade was a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, February 17th, Brian Halligan sold 8,261 shares of HubSpot stock. The shares were sold at an average price of $253.00, for a total transaction of $2,090,033.00.
• On Tuesday, January 20th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $303.38, for a total transaction of $2,578,730.00.

HubSpot Stock Performance

HUBS opened at $258.87 on Friday. The stock has a market cap of $13.65 billion, a price-to-earnings ratio of 297.55, a price-to-earnings-growth ratio of 3.86 and a beta of 1.40. The firm’s fifty day moving average is $273.35 and its 200 day moving average is $375.24. HubSpot, Inc. has a fifty-two week low of $207.20 and a fifty-two week high of $682.57.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. The business had revenue of $846.75 million during the quarter, compared to analyst estimates of $830.65 million. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.HubSpot’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.32 EPS. On average, equities research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Hedge Funds Weigh In On HubSpot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUBS. Goodman Advisory Group LLC bought a new stake in HubSpot in the 2nd quarter worth approximately $27,000. Rakuten Securities Inc. boosted its position in shares of HubSpot by 783.3% during the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after acquiring an additional 47 shares during the last quarter. Strategic Advocates LLC bought a new position in shares of HubSpot during the 3rd quarter valued at approximately $25,000. Turning Point Benefit Group Inc. purchased a new position in shares of HubSpot in the third quarter valued at $25,000. Finally, Osterweis Capital Management Inc. purchased a new position in shares of HubSpot in the second quarter valued at $34,000. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HUBS has been the topic of several recent analyst reports. Zacks Research raised HubSpot from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Mizuho dropped their price target on HubSpot from $550.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Piper Sandler cut their price objective on shares of HubSpot from $400.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Needham & Company LLC reduced their price objective on shares of HubSpot from $700.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Finally, KeyCorp lowered their target price on shares of HubSpot from $400.00 to $340.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $443.34.

HubSpot Company Profile

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.