HubSpot, Inc. (NYSE:HUBS – Get Free Report) Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $221.09, for a total value of $1,879,265.00. Following the completion of the transaction, the director owned 85,000 shares of the company’s stock, valued at approximately $18,792,650. This represents a 9.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Brian Halligan also recently made the following trade(s):
- On Tuesday, June 16th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $184.42, for a total value of $1,567,570.00.
- On Tuesday, May 19th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $220.00, for a total transaction of $1,870,000.00.
HubSpot Stock Up 5.6%
HubSpot stock opened at $251.31 on Thursday. The firm has a market capitalization of $12.87 billion, a PE ratio of 131.58, a P/E/G ratio of 2.60 and a beta of 1.22. HubSpot, Inc. has a 52 week low of $169.63 and a 52 week high of $550.13. The firm’s 50-day simple moving average is $202.71 and its 200 day simple moving average is $234.30.
Analyst Ratings Changes
Several research analysts recently issued reports on the company. BTIG Research restated a “buy” rating and set a $300.00 price objective on shares of HubSpot in a research report on Tuesday, April 21st. Royal Bank Of Canada lowered their target price on HubSpot from $400.00 to $350.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Wall Street Zen downgraded HubSpot from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. JPMorgan Chase & Co. cut their price target on HubSpot from $530.00 to $425.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Finally, BMO Capital Markets reduced their price objective on HubSpot from $285.00 to $230.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $307.86.
View Our Latest Stock Analysis on HUBS
Institutional Investors Weigh In On HubSpot
A number of institutional investors have recently bought and sold shares of the stock. Turning Point Benefit Group Inc. acquired a new position in HubSpot during the third quarter worth approximately $25,000. Rakuten Securities Inc. grew its stake 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 buying an additional 47 shares during the period. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of HubSpot during the 4th quarter valued at $33,000. Osterweis Capital Management Inc. acquired a new stake in shares of HubSpot during the 2nd quarter worth $34,000. Finally, Larson Financial Group LLC increased its holdings in shares of HubSpot by 378.9% during the 4th quarter. Larson Financial Group LLC now owns 91 shares of the software maker’s stock worth $37,000 after buying an additional 72 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.
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.
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