Brian Halligan Sells 8,265 Shares of HubSpot (NYSE:HUBS) Stock

Key Points

• Brian Halligan, Director of HubSpot, sold 8,265 shares of the company's stock at an average price of $446.98, totaling approximately $3.69 million, reducing his stake by 1.58%.
• HubSpot's stock increased 1.3% to $475.63 per share, with a market capitalization of $25.06 billion and a 52-week trading range of $418.34 to $881.13.
• Recent earnings data showed HubSpot reported $2.19 per share, beating analyst estimates, with 19.4% revenue growth year-over-year, indicating strong company performance.

HubSpot, Inc. (NYSE:HUBS - Get Free Report) Director Brian Halligan sold 8,265 shares of the business's stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $446.98, for a total value of $3,694,289.70. Following the sale, the director owned 513,466 shares in the company, valued at $229,509,032.68. The trade was a 1.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Brian Halligan also recently made the following trade(s):

• On Tuesday, September 16th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $506.52, for a total value of $4,305,420.00.
• On Tuesday, August 19th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $449.84, for a total transaction of $3,823,640.00.

HubSpot Stock Up 1.3%

Shares of HUBS traded up $6.13 during mid-day trading on Thursday, reaching $475.63. The company had a trading volume of 405,505 shares, compared to its average volume of 764,604. HubSpot, Inc. has a 52-week low of $418.34 and a 52-week high of $881.13. The stock has a 50 day moving average of $475.11 and a two-hundred day moving average of $533.05. The stock has a market capitalization of $25.06 billion, a P/E ratio of -2,067.97, a PEG ratio of 16.49 and a beta of 1.58.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $2.12 by $0.07. The business had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The company's revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.94 earnings per share. On average, sell-side analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Institutional Trading of HubSpot

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in HubSpot by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 5,391,241 shares of the software maker's stock valued at $3,000,926,000 after purchasing an additional 144,507 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of HubSpot by 17.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker's stock worth $2,805,070,000 after acquiring an additional 714,980 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of HubSpot by 37.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock valued at $530,115,000 after purchasing an additional 251,853 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of HubSpot by 4.3% in the 2nd quarter. Geode Capital Management LLC now owns 925,938 shares of the software maker's stock valued at $513,886,000 after purchasing an additional 38,096 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in shares of HubSpot by 548.6% in the 2nd quarter. Jennison Associates LLC now owns 794,677 shares of the software maker's stock valued at $442,341,000 after acquiring an additional 672,158 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HUBS shares. Raymond James Financial reduced their target price on HubSpot from $825.00 to $655.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. Citigroup reduced their price objective on HubSpot from $700.00 to $650.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Stifel Nicolaus reduced their price objective on HubSpot from $650.00 to $600.00 and set a "buy" rating for the company in a research note on Tuesday. Macquarie dropped their target price on HubSpot from $730.00 to $660.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Finally, Sanford C. Bernstein upgraded HubSpot from a "market perform" rating to an "outperform" rating and set a $606.00 price target for the company in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, HubSpot presently has a consensus rating of "Moderate Buy" and a consensus price target of $719.54.

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.

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