HubSpot, Inc. (NYSE:HUBS) Insider Sells $6,202,025.00 in Stock

HubSpot, Inc. (NYSE:HUBS) insider Brian Halligan sold 8,500 shares of the 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 sale, the insider now directly owns 513,698 shares in the company, valued at $374,819,745.70. This trade represents a 1.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $661.59, for a total value of $5,623,515.00.

HubSpot Price Performance

Shares of HUBS stock opened at $719.00 on Friday. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $762.47. The business has a 50-day moving average of $655.94 and a 200 day moving average of $568.51. The stock has a market capitalization of $37.12 billion, a PE ratio of -2,662.86, a P/E/G ratio of 88.26 and a beta of 1.70.

HubSpot (NYSE:HUBS) last released its quarterly earnings data 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 business had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. During the same quarter last year, the business posted ($0.04) EPS. The business’s revenue was up 20.1% on a year-over-year basis. Analysts anticipate that HubSpot, Inc. will post 0.4 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on HUBS shares. BMO Capital Markets upped their target price on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Bank of America upped their target price on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Wells Fargo & Company upped their target price on HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Evercore ISI upped their target price on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Finally, Truist Financial restated a “buy” rating and issued a $750.00 target price (up from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Four equities 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $702.23.

Institutional Investors Weigh In On HubSpot

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP lifted its holdings in HubSpot by 52.2% in the 3rd 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 during the period. Geode Capital Management LLC lifted its stake in shares of HubSpot by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock valued at $435,184,000 after purchasing an additional 19,974 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of HubSpot by 17.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after purchasing an additional 86,688 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of HubSpot by 8.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock valued at $280,186,000 after purchasing an additional 40,138 shares during the period. Finally, Holocene Advisors LP lifted its stake in shares of HubSpot by 17.5% in the 3rd quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock valued at $169,988,000 after purchasing an additional 47,736 shares during the period. 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.