Key Points
- Director Brian Halligan sold 8,500 shares on December 16 at an average price of $366.99 for a $3.12M transaction, reducing his stake by 1.68% to 496,308 shares; the trade was disclosed in an SEC filing.
- This sale is part of a string of recent insider dispositions — Halligan also sold 8,500 shares on November 18 and 8,265 on October 21 — indicating ongoing insider selling activity.
- For context, HubSpot recently beat quarterly EPS and revenue (revenue up 20.9% YoY), and analysts still give a consensus "Moderate Buy" with a $613.45 price target despite several firms cutting their targets.
HubSpot, Inc. (NYSE:HUBS - Get Free Report) Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $366.99, for a total transaction of $3,119,415.00. Following the transaction, the director owned 496,308 shares of the company's stock, valued at approximately $182,140,072.92. This trade represents a 1.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Brian Halligan also recently made the following trade(s):
- On Tuesday, November 18th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $368.11, for a total transaction 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 transaction of $115,925.50.
- On Tuesday, October 21st, Brian Halligan sold 8,265 shares of HubSpot stock. The shares were sold at an average price of $446.98, for a total value of $3,694,289.70.
HubSpot Stock Down 0.2%
HUBS opened at $386.94 on Friday. The firm has a market cap of $20.27 billion, a PE ratio of -4,836.69, a P/E/G ratio of 13.14 and a beta of 1.46. The business has a fifty day simple moving average of $410.21 and a 200-day simple moving average of $478.00. HubSpot, Inc. has a fifty-two week low of $344.41 and a fifty-two week high of $881.13.
HubSpot (NYSE:HUBS - Get Free Report) last announced its earnings results on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, beating the consensus estimate of $2.58 by $0.08. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The business had revenue of $809.52 million during the quarter, compared to the consensus estimate of $786.80 million. During the same period in the prior year, the business posted $2.18 earnings per share. HubSpot's revenue was up 20.9% compared to the same quarter last year. On average, equities research analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.
Institutional Investors Weigh In On HubSpot
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cresset Asset Management LLC increased its stake in shares of HubSpot by 2.4% in the first quarter. Cresset Asset Management LLC now owns 3,705 shares of the software maker's stock worth $2,117,000 after acquiring an additional 88 shares during the last quarter. Northern Trust Corp boosted its position in HubSpot by 1.3% during the first quarter. Northern Trust Corp now owns 350,006 shares of the software maker's stock valued at $199,955,000 after purchasing an additional 4,471 shares during the last quarter. Quantbot Technologies LP grew its stake in HubSpot by 683.5% in the first quarter. Quantbot Technologies LP now owns 4,035 shares of the software maker's stock valued at $2,305,000 after purchasing an additional 3,520 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in HubSpot by 32.0% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 12,381 shares of the software maker's stock valued at $7,058,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Credit Agricole S A increased its position in HubSpot by 3.9% in the 1st quarter. Credit Agricole S A now owns 4,422 shares of the software maker's stock worth $2,526,000 after purchasing an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have commented on HUBS shares. Canaccord Genuity Group decreased their target price on shares of HubSpot from $700.00 to $600.00 and set a "buy" rating for the company in a report on Thursday, November 6th. Bank of America reduced their price target on shares of HubSpot from $640.00 to $515.00 and set a "buy" rating for the company in a research report on Thursday, November 6th. Oppenheimer decreased their price objective on shares of HubSpot from $750.00 to $550.00 and set an "outperform" rating for the company in a research note on Thursday, November 6th. Piper Sandler cut their target price on shares of HubSpot from $675.00 to $590.00 and set an "overweight" rating on the stock in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. reduced their target price on HubSpot from $675.00 to $650.00 and set an "overweight" rating for the company in a report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, HubSpot has a consensus rating of "Moderate Buy" and a consensus price target of $613.45.
View Our Latest Research Report on HubSpot
About HubSpot
(
Get Free Report)
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.
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