Insider Selling: HubSpot, Inc. (NYSE:HUBS) Insider Sells 8,500 Shares of Stock

HubSpot, Inc. (NYSE:HUBS) insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total value of $6,202,025.00. Following the completion of the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $374,819,745.70. This trade represents a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, November 19th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00.

HubSpot Trading Down 0.6 %

Shares of NYSE HUBS opened at $702.45 on Friday. The stock has a fifty day simple moving average of $652.76 and a two-hundred day simple moving average of $567.95. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $762.47. The firm has a market cap of $36.26 billion, a price-to-earnings ratio of -2,601.57, a price-to-earnings-growth ratio of 88.26 and a beta of 1.70.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same quarter in the prior year, the company earned ($0.04) EPS. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. Analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on HUBS. Bank of America boosted their price target on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research note on Monday. Barclays lifted their price objective on shares of HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. BMO Capital Markets increased their target price on shares of HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Royal Bank of Canada raised their price target on shares of HubSpot from $700.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group upped their price objective on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and an average price target of $702.23.

Hedge Funds Weigh In On HubSpot

Several large investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new position in HubSpot in the 3rd quarter worth approximately $25,000. International Assets Investment Management LLC purchased a new stake in shares of HubSpot during the second quarter worth $35,000. HM Payson & Co. boosted its holdings in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after acquiring an additional 18 shares during the period. Crewe Advisors LLC grew its position in shares of HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after purchasing an additional 63 shares in the last quarter. Finally, True Wealth Design LLC bought a new stake in shares of HubSpot during the 3rd quarter valued at $62,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

About HubSpot

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.