Key Points
- Brian Halligan, a HubSpot director, sold 8,292 shares on April 21 at an average price of $230.72 for about $1.91 million, leaving him with 362,000 shares (a 2.24% reduction); he also sold ~8,500 shares on March 17 and ~8,261 shares on February 17.
- HubSpot stock recently fell about 7.7% (opened at $214.87), trades well below its 50- and 200-day moving averages, but analysts remain broadly positive with a consensus " Moderate Buy " rating and an average target near $399.89.
HubSpot, Inc. (NYSE:HUBS - Get Free Report) Director Brian Halligan sold 8,292 shares of HubSpot stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $230.72, for a total value of $1,913,130.24. Following the completion of the transaction, the director owned 362,000 shares of the company's stock, valued at approximately $83,520,640. 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 available through this link.
Brian Halligan also recently made the following trade(s):
- On Tuesday, March 17th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $262.75, for a total value of $2,233,375.00.
- On Tuesday, February 17th, Brian Halligan sold 8,261 shares of HubSpot stock. The shares were sold at an average price of $253.00, for a total value of $2,090,033.00.
HubSpot Stock Down 7.7%
Shares of HUBS stock opened at $214.87 on Friday. The business has a 50 day moving average of $244.77 and a two-hundred day moving average of $331.87. HubSpot, Inc. has a 52 week low of $187.45 and a 52 week high of $682.57. The company has a market cap of $11.33 billion, a P/E ratio of 246.98, a PEG ratio of 3.22 and a beta of 1.44.
HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, beating 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 the consensus estimate of $830.65 million. During the same period in the previous year, the firm posted $2.32 earnings per share. HubSpot's quarterly revenue was up 20.4% compared to the same quarter last year. Analysts expect that HubSpot, Inc. will post 3.62 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $400.00 price objective on shares of HubSpot in a research report on Thursday, April 16th. Cantor Fitzgerald boosted their price objective on HubSpot from $280.00 to $325.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. reduced their price objective on HubSpot from $650.00 to $530.00 and set an "overweight" rating for the company in a research report on Thursday, February 12th. Stifel Nicolaus reduced their price objective on HubSpot from $375.00 to $325.00 and set a "buy" rating for the company in a research report on Thursday, April 2nd. Finally, UBS Group reduced their price objective on HubSpot from $325.00 to $260.00 and set a "buy" rating for the company in a research report on Tuesday, April 14th. Twenty-five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $399.89.
Check Out Our Latest Research Report on HUBS
Hedge Funds Weigh In On HubSpot
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Empowered Funds LLC lifted its position in HubSpot by 88.5% in the first quarter. Empowered Funds LLC now owns 1,570 shares of the software maker's stock worth $897,000 after purchasing an additional 737 shares during the period. NewEdge Advisors LLC lifted its position in HubSpot by 12.1% in the second quarter. NewEdge Advisors LLC now owns 4,788 shares of the software maker's stock worth $2,665,000 after purchasing an additional 516 shares during the period. Treasurer of the State of North Carolina lifted its position in HubSpot by 4.7% in the second quarter. Treasurer of the State of North Carolina now owns 23,754 shares of the software maker's stock worth $13,222,000 after purchasing an additional 1,077 shares during the period. Osterweis Capital Management Inc. acquired a new stake in HubSpot in the second quarter worth approximately $34,000. Finally, Alliancebernstein L.P. lifted its position in HubSpot by 35.0% in the second quarter. Alliancebernstein L.P. now owns 376,076 shares of the software maker's stock worth $209,335,000 after purchasing an additional 97,469 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.
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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