HubSpot (NYSE:HUBS) Director Sells 8,500 Shares

HubSpot, Inc. (NYSE:HUBS) Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $366.99, for a total value of $3,119,415.00. Following the completion of the sale, the director directly owned 496,308 shares of the company’s stock, valued at approximately $182,140,072.92. This trade represents a 1.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, November 18th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $368.11, for a total transaction of $3,128,935.00.
• On Monday, November 3rd, Brian Halligan sold 235 shares of HubSpot stock. The stock was sold at an average price of $493.30, for a total transaction of $115,925.50.
• On Tuesday, October 21st, Brian Halligan sold 8,265 shares of HubSpot stock. The shares were sold at an average price of $446.98, for a total transaction of $3,694,289.70.

HubSpot Trading Down 0.2%

Shares of HUBS stock traded down $0.65 during trading on Thursday, reaching $386.94. 1,267,216 shares of the company’s stock traded hands, compared to its average volume of 782,193. The company has a market capitalization of $20.27 billion, a P/E ratio of -4,836.69, a PEG ratio of 12.56 and a beta of 1.46. The firm’s 50-day moving average is $411.53 and its 200 day moving average is $478.64. HubSpot, Inc. has a 1 year low of $344.41 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The company had revenue of $809.52 million during the quarter, compared to the consensus estimate of $786.80 million. During the same period last year, the firm earned $2.18 EPS. HubSpot’s revenue for the quarter was up 20.9% on a year-over-year basis. As a group, sell-side analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Institutional Trading of HubSpot

A number of hedge funds have recently made changes to their positions in HUBS. Strategic Advocates LLC purchased a new position in HubSpot in the 3rd quarter worth approximately $25,000. Turning Point Benefit Group Inc. bought a new position in shares of HubSpot in the third quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new position in shares of HubSpot in the second quarter worth $27,000. Whittier Trust Co. increased its stake in shares of HubSpot by 136.4% in the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after buying an additional 30 shares during the period. Finally, Exane Asset Management bought a new stake in HubSpot during the 3rd quarter valued at $30,000. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Cantor Fitzgerald reduced their price target on HubSpot from $775.00 to $500.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Citigroup lifted their target price on HubSpot from $650.00 to $658.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Bank of America decreased their price target on HubSpot from $640.00 to $515.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Canaccord Genuity Group cut their price objective on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Finally, Truist Financial reduced their price objective on shares of HubSpot from $675.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $613.45.

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.