Key Points
- Brian Halligan sold 8,261 HubSpot shares on Feb. 17 at $253 each for about $2.09M, trimming his position by 1.69% but still holding 481,168 shares valued at roughly $121.7M.
- Pattern of insider selling: Halligan also sold 8,500 shares on Jan. 20 and 8,500 on Dec. 16, totaling about 25,261 shares sold in recent months for several million dollars.
- Mixed fundamentals vs. valuation: HubSpot beat quarterly estimates (EPS $3.09 vs. $2.99; revenue $846.8M, up 20.4% YoY) but the stock trades near $239—well below its 50-/200-day moving averages and the analysts' consensus target of $452.70.
HubSpot, Inc. (NYSE:HUBS - Get Free Report) Director Brian Halligan sold 8,261 shares of HubSpot stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $253.00, for a total transaction of $2,090,033.00. Following the transaction, the director owned 481,168 shares of the company's stock, valued at approximately $121,735,504. The trade was a 1.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Brian Halligan also recently made the following trade(s):
- On Tuesday, January 20th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $303.38, for a total transaction of $2,578,730.00.
- On Tuesday, December 16th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $366.99, for a total value of $3,119,415.00.
HubSpot Stock Performance
HUBS stock traded down $0.35 on Friday, reaching $239.03. The company had a trading volume of 395,192 shares, compared to its average volume of 1,814,501. The company's fifty day moving average is $326.43 and its 200 day moving average is $404.67. The company has a market cap of $12.61 billion, a P/E ratio of 276.35, a PEG ratio of 3.71 and a beta of 1.44. HubSpot, Inc. has a 1 year low of $207.20 and a 1 year high of $749.00.
HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, topping analysts' consensus estimates of $2.99 by $0.10. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The company had revenue of $846.75 million during the quarter, compared to analysts' expectations of $830.65 million. During the same period in the previous year, the firm posted $2.32 earnings per share. The business's revenue for the quarter was up 20.4% compared to the same quarter last year. On average, sell-side analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Sanford C. Bernstein restated an "outperform" rating on shares of HubSpot in a report on Thursday, February 12th. Evercore set a $500.00 price objective on shares of HubSpot in a research report on Thursday, November 6th. Citigroup raised their target price on shares of HubSpot from $600.00 to $640.00 and gave the stock a "buy" rating in a research report on Friday, February 13th. Zacks Research upgraded HubSpot from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday. Finally, Bank of America reduced their price target on HubSpot from $640.00 to $515.00 and set a "buy" rating on the stock in a research note on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $452.70.
Check Out Our Latest Report on HubSpot
Hedge Funds Weigh In On HubSpot
Several institutional investors and hedge funds have recently bought and sold shares of HUBS. Wick Capital Partners LLC purchased a new position in HubSpot during the fourth quarter worth approximately $7,806,000. Invesco Ltd. raised its position in shares of HubSpot by 128.7% in the 4th quarter. Invesco Ltd. now owns 296,856 shares of the software maker's stock worth $119,129,000 after buying an additional 167,076 shares during the period. Corient Private Wealth LLC raised its position in shares of HubSpot by 40.2% in the 4th quarter. Corient Private Wealth LLC now owns 2,954 shares of the software maker's stock worth $1,186,000 after buying an additional 847 shares during the period. Alberta Investment Management Corp acquired a new position in HubSpot in the fourth quarter valued at $1,124,000. Finally, Mercer Global Advisors Inc. ADV grew its position in HubSpot by 47.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,407 shares of the software maker's stock valued at $3,374,000 after acquiring an additional 2,698 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.
About HubSpot
(
Get Free Report)
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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