Insider Selling: HubSpot Inc. (HUBS) CEO Sells $1,143,200.00 in Stock
HubSpot Inc. (NYSE:HUBS) CEO Brian Halligan sold 20,000 shares of HubSpot stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $57.16, for a total transaction of $1,143,200.00. Following the transaction, the chief executive officer now directly owns 784,154 shares in the company, valued at approximately $44,822,242.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of HubSpot Inc. (NYSE:HUBS) opened at 55.65 on Wednesday. The stock has a 50 day moving average of $56.38 and a 200-day moving average of $50.07. The firm’s market capitalization is $1.97 billion. HubSpot Inc. has a 12-month low of $27.00 and a 12-month high of $60.11.
HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.08. HubSpot had a negative return on equity of 36.88% and a negative net margin of 20.03%. The company earned $65 million during the quarter, compared to the consensus estimate of $61.67 million. During the same quarter in the prior year, the firm posted ($0.17) earnings per share. The firm’s revenue was up 51.4% compared to the same quarter last year. On average, equities research analysts predict that HubSpot Inc. will post ($0.53) EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its stake in shares of HubSpot by 0.7% in the second quarter. FMR LLC now owns 5,239,425 shares of the company’s stock valued at $227,496,000 after buying an additional 35,375 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of HubSpot by 20.6% in the first quarter. Wellington Management Group LLP now owns 2,798,986 shares of the company’s stock valued at $122,092,000 after buying an additional 478,539 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of HubSpot by 1.0% in the second quarter. Alliancebernstein L.P. now owns 2,140,063 shares of the company’s stock valued at $92,922,000 after buying an additional 20,226 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of HubSpot by 10.2% in the second quarter. Vanguard Group Inc. now owns 1,810,579 shares of the company’s stock valued at $78,615,000 after buying an additional 167,437 shares during the last quarter. Finally, Granahan Investment Management Inc. MA boosted its stake in shares of HubSpot by 100.4% in the first quarter. Granahan Investment Management Inc. MA now owns 720,468 shares of the company’s stock valued at $31,427,000 after buying an additional 360,869 shares during the last quarter. Institutional investors and hedge funds own 88.33% of the company’s stock.
Several analysts have commented on HUBS shares. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Tuesday, August 9th. Vetr downgraded shares of HubSpot from a “strong-buy” rating to a “buy” rating and set a $61.00 target price on the stock. in a report on Monday, August 8th. Stifel Nicolaus raised their target price on shares of HubSpot from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Rosenblatt Securities raised their target price on shares of HubSpot from $61.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Finally, Morgan Stanley restated a “buy” rating on shares of HubSpot in a report on Sunday, July 17th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $63.41.
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications, which include social media, search engine optimization (SEO), blogging, Website content management, marketing automation, e-mail, customer relationship management (CRM), analytics and reporting.
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