HubSpot, Inc. (NYSE:HUBS) Insider Sells $5,163,580.00 in Stock

HubSpot, Inc. (NYSE:HUBS) insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the transaction, the insider now directly owns 527,233 shares in the company, valued at $320,283,502.84. This represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, February 18th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00.

HubSpot Stock Up 1.2 %

HUBS stock opened at $603.92 on Thursday. The firm has a market cap of $31.50 billion, a PE ratio of 6,710.96, a P/E/G ratio of 41.44 and a beta of 1.80. The business has a 50 day moving average of $719.54 and a 200-day moving average of $653.69. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13.

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

Hedge Funds Weigh In On HubSpot

Several institutional investors and hedge funds have recently bought and sold shares of HUBS. Wilmington Savings Fund Society FSB bought a new position in HubSpot during the third quarter valued at $25,000. Elequin Capital LP bought a new position in HubSpot during the fourth quarter valued at $27,000. Larson Financial Group LLC grew its holdings in HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after purchasing an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the period. Finally, Coppell Advisory Solutions LLC grew its holdings in HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after purchasing an additional 22 shares during the period. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HUBS. BMO Capital Markets boosted their price objective on HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th. Bank of America upped their price target on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Truist Financial reaffirmed a “buy” rating and set a $900.00 price target (up from $750.00) on shares of HubSpot in a research note on Thursday, February 13th. Finally, Morgan Stanley upped their price target on HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $860.00.

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.