Key Points
- Director Brian Halligan sold 8,500 shares on March 17 at an average price of $262.75 for a $2,233,375 transaction, and now owns 370,558 shares (about $97.36M), a 2.24% reduction in his stake.
- The March sale continues a recent pattern of insider selling by Halligan, who also sold 8,261 shares on Feb 17 (at $253) and 8,500 shares on Jan 20 (at $303.38).
- HubSpot trades around $262 with a 50‑day/200‑day SMA of $275.62/$377.46 and a 52‑week range of $207.20–$682.57; analysts hold a consensus "Moderate Buy" rating with a $443.34 target.
HubSpot, Inc. (NYSE:HUBS - Get Free Report) Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $262.75, for a total transaction of $2,233,375.00. Following the completion of the transaction, the director owned 370,558 shares of the company's stock, valued at approximately $97,364,114.50. The trade was a 2.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Brian Halligan also recently made the following trade(s):
- On Tuesday, February 17th, Brian Halligan sold 8,261 shares of HubSpot stock. The stock was sold at an average price of $253.00, for a total transaction of $2,090,033.00.
- 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.
HubSpot Stock Performance
Shares of NYSE:HUBS opened at $262.36 on Friday. The firm has a 50 day simple moving average of $275.62 and a 200 day simple moving average of $377.46. HubSpot, Inc. has a 52 week low of $207.20 and a 52 week high of $682.57. The company has a market cap of $13.84 billion, a PE ratio of 301.56, a price-to-earnings-growth ratio of 3.91 and a beta of 1.40.
HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.10. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The firm had revenue of $846.75 million for the quarter, compared to analysts' expectations of $830.65 million. During the same period in the previous year, the company posted $2.32 EPS. The company's quarterly revenue was up 20.4% compared to the same quarter last year. On average, equities analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Strategic Advocates LLC bought a new stake in HubSpot in the third quarter worth $25,000. Turning Point Benefit Group Inc. bought a new position in shares of HubSpot in the third quarter valued at approximately $25,000. Goodman Advisory Group LLC bought a new stake in shares of HubSpot during the 2nd quarter worth $27,000. Exane Asset Management acquired a new position in HubSpot during the 3rd quarter worth $30,000. Finally, Rakuten Securities Inc. grew its position in shares of HubSpot by 783.3% in the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker's stock valued at $30,000 after purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Royal Bank Of Canada lowered their target price on HubSpot from $800.00 to $400.00 and set an "outperform" rating on the stock in a research note on Thursday, February 12th. Jefferies Financial Group reduced their price target on shares of HubSpot from $560.00 to $325.00 and set a "buy" rating for the company in a research report on Thursday, February 12th. Truist Financial decreased their price target on shares of HubSpot from $650.00 to $300.00 and set a "buy" rating for the company in a report on Thursday, February 12th. Cantor Fitzgerald upped their price objective on shares of HubSpot from $280.00 to $325.00 and gave the company an "overweight" rating in a research note on Tuesday, March 3rd. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of HubSpot in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, HubSpot presently has a consensus rating of "Moderate Buy" and a consensus target price of $443.34.
Check Out Our Latest Research Report on HubSpot
HubSpot Company Profile
(
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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