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

HubSpot, Inc. (NYSE:HUBSGet Free Report) Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $548.03, for a total value of $4,658,255.00. Following the completion of the sale, the director now owns 523,984 shares of the company’s stock, valued at $287,158,951.52. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Tuesday, April 15th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $538.60, for a total value of $4,578,100.00.

HubSpot Stock Down 1.8%

NYSE HUBS opened at $534.70 on Friday. The firm has a market cap of $28.20 billion, a price-to-earnings ratio of -1,188.22, a price-to-earnings-growth ratio of 19.43 and a beta of 1.70. The business has a 50-day moving average price of $598.54 and a 200-day moving average price of $656.00. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Truist Financial reduced their price objective on HubSpot from $900.00 to $720.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Morgan Stanley upped their price target on shares of HubSpot from $659.00 to $752.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Stephens assumed coverage on shares of HubSpot in a research note on Wednesday, March 19th. They issued an “overweight” rating and a $769.00 price objective on the stock. Jefferies Financial Group cut their target price on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Finally, Scotiabank reduced their target price on shares of HubSpot from $900.00 to $750.00 and set a “sector outperform” rating for the company in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus target price of $766.71.

Check Out Our Latest Stock Analysis on HUBS

Hedge Funds Weigh In On HubSpot

Hedge funds have recently made changes to their positions in the business. Northern Trust Corp boosted its stake in shares of HubSpot by 18.0% in the fourth quarter. Northern Trust Corp now owns 345,535 shares of the software maker’s stock worth $240,758,000 after acquiring an additional 52,792 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of HubSpot by 25.1% in the first quarter. Farther Finance Advisors LLC now owns 319 shares of the software maker’s stock worth $186,000 after acquiring an additional 64 shares during the period. Ensign Peak Advisors Inc boosted its stake in shares of HubSpot by 56.9% in the fourth quarter. Ensign Peak Advisors Inc now owns 159,997 shares of the software maker’s stock worth $111,481,000 after acquiring an additional 57,998 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of HubSpot in the fourth quarter worth about $32,682,000. Finally, Allworth Financial LP boosted its stake in shares of HubSpot by 14.6% in the fourth quarter. Allworth Financial LP now owns 149 shares of the software maker’s stock worth $109,000 after acquiring an additional 19 shares during the period. Institutional investors own 90.39% of the company’s stock.

HubSpot Company Profile

(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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Insider Buying and Selling by Quarter for HubSpot (NYSE:HUBS)

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