Brian Halligan Sells 8,500 Shares of HubSpot, Inc. (NYSE:HUBS) Stock

HubSpot, Inc. (NYSE:HUBS - Get Free Report) Director Brian Halligan sold 8,500 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the completion of the transaction, the director owned 522,435 shares in the company, valued at $283,718,775.45. The trade was a 1.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Tuesday, June 17th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $548.03, for a total transaction of $4,658,255.00.

HubSpot Stock Down 2.4%

Shares of NYSE:HUBS traded down $13.12 during midday trading on Thursday, reaching $528.41. The company's stock had a trading volume of 927,302 shares, compared to its average volume of 608,997. The firm has a market capitalization of $27.87 billion, a PE ratio of -1,174.25, a P/E/G ratio of 20.13 and a beta of 1.66. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The stock has a fifty day moving average of $584.82 and a 200 day moving average of $634.58.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HUBS. Jefferies Financial Group lowered their price objective on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Scotiabank reduced their price objective on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus cut their target price on shares of HubSpot from $750.00 to $700.00 and set a "buy" rating for the company in a research note on Monday. Macquarie assumed coverage on shares of HubSpot in a research report on Monday, March 24th. They set an "outperform" rating and a $730.00 price objective for the company. Finally, Raymond James Financial restated an "outperform" rating and issued a $825.00 target price (down previously from $980.00) on shares of HubSpot in a report on Friday, May 9th. Four analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $764.93.

Institutional Trading of HubSpot

A number of hedge funds and other institutional investors have recently made changes to their positions in HUBS. Private Trust Co. NA boosted its holdings in HubSpot by 481.5% during the first quarter. Private Trust Co. NA now owns 157 shares of the software maker's stock worth $90,000 after buying an additional 130 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in HubSpot by 4.6% during the first quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker's stock valued at $16,427,000 after purchasing an additional 1,276 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of HubSpot by 1,840.0% in the first quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker's stock worth $55,000 after buying an additional 92 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of HubSpot in the first quarter worth about $235,000. Finally, Amalgamated Bank lifted its stake in shares of HubSpot by 6.9% in the first quarter. Amalgamated Bank now owns 3,485 shares of the software maker's stock worth $1,991,000 after buying an additional 226 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

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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