Brian Halligan Sells 25,000 Shares of HubSpot, Inc. (HUBS) Stock
HubSpot, Inc. (NYSE:HUBS) CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $64.75, for a total transaction of $1,618,750.00. Following the sale, the chief executive officer now owns 806,787 shares of the company’s stock, valued at approximately $52,239,458.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Brian Halligan also recently made the following trade(s):
- On Thursday, March 23rd, Brian Halligan sold 25,000 shares of HubSpot stock. The shares were sold at an average price of $60.05, for a total transaction of $1,501,250.00.
HubSpot, Inc. (HUBS) opened at 68.55 on Tuesday. The firm has a 50-day moving average of $70.38 and a 200 day moving average of $59.83. The firm’s market capitalization is $2.51 billion. HubSpot, Inc. has a 52 week low of $41.63 and a 52 week high of $78.50.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, May 2nd. The software maker reported ($0.22) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.11. The firm had revenue of $82.25 million for the quarter, compared to analysts’ expectations of $79.33 million. HubSpot had a negative return on equity of 35.75% and a negative net margin of 14.78%. Analysts predict that HubSpot, Inc. will post ($0.08) earnings per share for the current year.
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Several analysts recently commented on the stock. Guggenheim assumed coverage on shares of HubSpot in a research report on Thursday, April 13th. They issued a “buy” rating and a $70.00 price target for the company. Cowen and Company reiterated a “market perform” rating and issued a $63.00 price target (up previously from $53.00) on shares of HubSpot in a research report on Thursday, May 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 price target (up previously from $64.00) on shares of HubSpot in a research report on Thursday, May 4th. Oppenheimer Holdings, Inc. set a $78.00 price target on shares of HubSpot and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Finally, Stephens reiterated an “overweight” rating and issued a $76.00 price target (up previously from $70.00) on shares of HubSpot in a research report on Thursday, May 4th. Two research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. HubSpot has an average rating of “Buy” and a consensus price target of $68.68.
A number of institutional investors have recently modified their holdings of the company. Point72 Asia Hong Kong Ltd boosted its position in shares of HubSpot by 153.1% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,706 shares of the software maker’s stock worth $103,000 after buying an additional 1,032 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of HubSpot during the first quarter worth $151,000. Amalgamated Bank bought a new position in shares of HubSpot during the first quarter worth $214,000. Juncture Wealth Strategies LLC bought a new position in shares of HubSpot during the first quarter worth $241,000. Finally, Solaris Asset Management LLC boosted its position in shares of HubSpot by 5.9% in the first quarter. Solaris Asset Management LLC now owns 4,035 shares of the software maker’s stock worth $244,000 after buying an additional 226 shares in the last quarter. 92.56% of the stock is currently owned by hedge funds and other institutional investors.
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.
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