Insider Selling: HubSpot, Inc. (NYSE:HUBS) Insider Sells 8,500 Shares of Stock

HubSpot, Inc. (NYSE:HUBS) insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the sale, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $374,819,745.70. This represents a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 transaction of $5,623,515.00.

HubSpot Price Performance

HubSpot stock opened at $719.00 on Friday. The business has a 50 day simple moving average of $655.94 and a 200 day simple moving average of $568.79. The company has a market capitalization of $37.12 billion, a PE ratio of -2,662.86, a price-to-earnings-growth ratio of 88.26 and a beta of 1.70. HubSpot, Inc. has a one year low of $434.84 and a one year high of $762.47.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. During the same period last year, the business earned ($0.04) earnings per share. The business’s revenue was up 20.1% on a year-over-year basis. Equities analysts anticipate that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Institutional Trading of HubSpot

Several large investors have recently added to or reduced their stakes in the company. HM Payson & Co. raised its stake in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after acquiring an additional 18 shares during the last quarter. Hazlett Burt & Watson Inc. increased its holdings in HubSpot by 19.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after purchasing an additional 25 shares in the last quarter. Motley Fool Asset Management LLC increased its holdings in HubSpot by 2.6% during the 3rd quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker’s stock valued at $541,000 after purchasing an additional 26 shares in the last quarter. V Square Quantitative Management LLC raised its position in HubSpot by 3.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock valued at $494,000 after purchasing an additional 27 shares during the last quarter. Finally, Crewe Advisors LLC boosted its stake in HubSpot by 37.3% in the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after purchasing an additional 28 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HUBS. JPMorgan Chase & Co. lifted their price objective on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their price target on HubSpot from $700.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Needham & Company LLC reissued a “buy” rating and issued a $730.00 price objective on shares of HubSpot in a research report on Thursday, November 7th. UBS Group upgraded shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Finally, Truist Financial reiterated a “buy” rating and set a $750.00 target price (up from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $702.23.

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.