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, June 17th. The shares were sold at an average price of $548.03, for a total transaction of $4,658,255.00. Following the transaction, the director now owns 523,984 shares in the company, valued at $287,158,951.52. This represents a 1.60% decrease in their position. 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, April 15th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $538.60, for a total transaction of $4,578,100.00.

HubSpot Stock Down 1.8%

Shares of NYSE HUBS traded down $9.76 during midday trading on Friday, hitting $534.70. The stock had a trading volume of 1,563,291 shares, compared to its average volume of 627,629. The business's 50 day moving average is $598.54 and its 200-day moving average is $656.70. The company has a market cap of $28.20 billion, a P/E ratio of -1,188.22, a PEG ratio of 19.79 and a beta of 1.70. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HUBS. Principal Securities Inc. raised its holdings in shares of HubSpot by 17.2% during the fourth quarter. Principal Securities Inc. now owns 116 shares of the software maker's stock valued at $81,000 after purchasing an additional 17 shares during the last quarter. Allworth Financial LP raised its holdings in shares of HubSpot by 14.6% during the fourth quarter. Allworth Financial LP now owns 149 shares of the software maker's stock valued at $109,000 after purchasing an additional 19 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of HubSpot by 10.2% during the fourth quarter. J.W. Cole Advisors Inc. now owns 704 shares of the software maker's stock valued at $491,000 after purchasing an additional 65 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of HubSpot by 6.8% during the fourth quarter. Principal Financial Group Inc. now owns 27,479 shares of the software maker's stock valued at $19,147,000 after purchasing an additional 1,743 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in shares of HubSpot by 2.7% during the fourth quarter. Sanctuary Advisors LLC now owns 4,097 shares of the software maker's stock valued at $3,162,000 after purchasing an additional 106 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HUBS. Stephens began coverage on shares of HubSpot in a research report on Wednesday, March 19th. They set an "overweight" rating and a $769.00 price target on the stock. Truist Financial reduced their price target on shares of HubSpot from $900.00 to $720.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Jefferies Financial Group reduced their price target 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. Stifel Nicolaus set a $750.00 price target on shares of HubSpot in a research report on Friday, April 25th. Finally, Wells Fargo & Company reduced their price target on shares of HubSpot from $700.00 to $675.00 and set an "overweight" rating on the stock in a research report on Monday, June 9th. Five investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $766.71.

HubSpot Company Profile

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.