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 firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

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

HubSpot Trading Down 2.9 %

NYSE:HUBS opened at $726.43 on Friday. The company’s 50-day moving average price is $739.92 and its 200-day moving average price is $631.52. The company has a market cap of $37.88 billion, a P/E ratio of 8,072.32, a P/E/G ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Hedge Funds Weigh In On HubSpot

Several hedge funds and other institutional investors have recently modified their holdings of HUBS. Norges Bank purchased a new position in shares of HubSpot in the fourth quarter worth about $420,345,000. Wellington Management Group LLP lifted its stake in shares of HubSpot by 52.2% in the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after buying an additional 480,796 shares in the last quarter. Raymond James Financial Inc. purchased a new position in HubSpot during the fourth quarter worth about $157,019,000. Wealthfront Advisers LLC raised its stake in HubSpot by 3,090.2% during the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock worth $93,049,000 after purchasing an additional 129,357 shares during the period. Finally, International Assets Investment Management LLC raised its stake in HubSpot by 214,342.4% during the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock worth $672,590,000 after purchasing an additional 126,462 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HUBS has been the topic of a number of research reports. KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective on the stock in a research note on Thursday, February 13th. Truist Financial restated a “buy” rating and set a $900.00 price target (up previously from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. Canaccord Genuity Group raised their price target on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. raised their price target on shares of HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, BMO Capital Markets raised their price target on shares of HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $863.96.

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.