Brian Halligan Sells 8,500 Shares of HubSpot (NYSE:HUBS) Stock

HubSpot, Inc. (NYSE:HUBS) Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $366.99, for a total value of $3,119,415.00. Following the completion of the sale, the director directly owned 496,308 shares in the company, valued at $182,140,072.92. The trade was a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, November 18th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $368.11, for a total value of $3,128,935.00.
• On Monday, November 3rd, Brian Halligan sold 235 shares of HubSpot stock. The stock was sold at an average price of $493.30, for a total value of $115,925.50.
• On Tuesday, October 21st, Brian Halligan sold 8,265 shares of HubSpot stock. The stock was sold at an average price of $446.98, for a total value of $3,694,289.70.

HubSpot Stock Performance

Shares of HubSpot stock traded down $0.65 during midday trading on Thursday, reaching $386.94. 1,267,216 shares of the company’s stock traded hands, compared to its average volume of 782,193. The stock has a 50 day moving average of $411.53 and a 200-day moving average of $478.64. HubSpot, Inc. has a 12 month low of $344.41 and a 12 month high of $881.13. The company has a market cap of $20.27 billion, a PE ratio of -4,836.69, a price-to-earnings-growth ratio of 12.56 and a beta of 1.46.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The business had revenue of $809.52 million for the quarter, compared to analysts’ expectations of $786.80 million. During the same quarter in the previous year, the business posted $2.18 earnings per share. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. On average, equities analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HubSpot

Several large investors have recently modified their holdings of HUBS. Goodman Advisory Group LLC bought a new position in HubSpot in the 2nd quarter worth about $27,000. Whittier Trust Co. raised its holdings in HubSpot by 136.4% in the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after buying an additional 30 shares during the last quarter. Rakuten Securities Inc. raised its holdings in HubSpot by 783.3% in the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after buying an additional 47 shares during the last quarter. Strategic Advocates LLC bought a new position in shares of HubSpot in the third quarter worth approximately $25,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in shares of HubSpot during the third quarter valued at approximately $25,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Canaccord Genuity Group decreased their price target on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Oppenheimer reduced their target price on HubSpot from $750.00 to $550.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. UBS Group set a $500.00 target price on HubSpot in a research report on Friday, November 7th. Cantor Fitzgerald lowered their target price on HubSpot from $775.00 to $500.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Finally, Rothschild & Co Redburn reaffirmed a “neutral” rating and issued a $450.00 price target (down from $610.00) on shares of HubSpot in a research note on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $613.45.

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.