HubSpot, Inc. (NYSE:HUBS) Insider Sells $6,885,000.00 in Stock

HubSpot, Inc. (NYSE:HUBS) insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the sale, the insider now directly owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. This represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, December 17th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $729.65, for a total transaction of $6,202,025.00.

HubSpot Stock Down 3.0 %

NYSE HUBS opened at $748.14 on Friday. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The business’s 50-day moving average price is $739.56 and its 200 day moving average price is $628.81. The firm has a market cap of $39.02 billion, a P/E ratio of 8,313.56, a P/E/G ratio of 42.71 and a beta of 1.72.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on HUBS. Truist Financial reiterated a “buy” rating and set a $900.00 target price (up previously from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. Evercore ISI increased their target price on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Jefferies Financial Group increased their target price on HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Redburn Atlantic began coverage on HubSpot in a research report on Wednesday. They set a “buy” rating for the company. Finally, Piper Sandler increased their target price on HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $863.96.

Institutional Investors Weigh In On HubSpot

A number of hedge funds and other institutional investors have recently modified their holdings of HUBS. Wellington Management Group LLP grew its stake in HubSpot by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker’s stock worth $1,029,262,000 after acquiring an additional 74,990 shares during the period. Geode Capital Management LLC grew its stake in shares of HubSpot by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker’s stock valued at $577,572,000 after buying an additional 9,922 shares during the period. Groupama Asset Managment lifted its holdings in shares of HubSpot by 3.8% during the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker’s stock valued at $506,412,000 after acquiring an additional 26,799 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of HubSpot by 18.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker’s stock valued at $471,068,000 after acquiring an additional 104,800 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of HubSpot by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock valued at $469,987,000 after acquiring an additional 24,799 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.