HubSpot, Inc. (NYSE:HUBS – Get Free Report) Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $221.09, for a total value of $1,879,265.00. Following the completion of the sale, the director directly owned 85,000 shares in the company, valued at approximately $18,792,650. This represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Brian Halligan also recently made the following trade(s):
- On Tuesday, June 16th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $184.42, for a total value of $1,567,570.00.
- On Tuesday, May 19th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $220.00, for a total value of $1,870,000.00.
HubSpot Stock Down 7.2%
Shares of NYSE HUBS opened at $233.11 on Friday. HubSpot, Inc. has a 12 month low of $169.63 and a 12 month high of $541.53. The company has a market cap of $11.94 billion, a P/E ratio of 122.05, a P/E/G ratio of 2.74 and a beta of 1.22. The business’s 50 day moving average is $203.39 and its two-hundred day moving average is $233.33.
Hedge Funds Weigh In On HubSpot
Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in HubSpot by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 971,712 shares of the software maker’s stock worth $388,917,000 after acquiring an additional 14,159 shares in the last quarter. OFI Invest Asset Management boosted its stake in shares of HubSpot by 130.2% in the 4th quarter. OFI Invest Asset Management now owns 99,622 shares of the software maker’s stock valued at $39,978,000 after purchasing an additional 56,348 shares in the last quarter. Slow Capital Inc. grew its holdings in shares of HubSpot by 35.9% in the 4th quarter. Slow Capital Inc. now owns 18,615 shares of the software maker’s stock worth $7,470,000 after purchasing an additional 4,913 shares during the last quarter. Havemeyer Place LP bought a new stake in shares of HubSpot in the 4th quarter worth about $2,044,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of HubSpot by 65.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,583 shares of the software maker’s stock worth $17,891,000 after purchasing an additional 17,713 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on HUBS. Royal Bank Of Canada lowered their price target on HubSpot from $400.00 to $350.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. BNP Paribas Exane lowered HubSpot from an “outperform” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a report on Monday, May 11th. Citigroup restated a “neutral” rating on shares of HubSpot in a research report on Friday, July 24th. Morgan Stanley cut their target price on HubSpot from $405.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Finally, Mizuho reduced their target price on HubSpot from $300.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $307.86.
Check Out Our Latest Stock Analysis on HUBS
HubSpot Company Profile
HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.
The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.
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