HubSpot (NYSE:HUBS) Director Sells $4,305,420.00 in Stock

Key Points

• HubSpot Director Brian Halligan sold 8,500 shares of stock for approximately $4.3 million, reducing his holdings by 1.60% to 522,185 shares valued at about $264.5 million.
• Following the recent sales, HubSpot's shares saw an increase of 1.3%, trading at $513.90 with a market cap of $27.08 billion.
• HubSpot reported $760.87 million in revenue during its last quarter, beating analyst estimates and showing a 19.4% year-over-year growth.

HubSpot, Inc. (NYSE:HUBS - Get Free Report) Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $506.52, for a total value of $4,305,420.00. Following the transaction, the director directly owned 522,185 shares of the company's stock, valued at $264,497,146.20. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 value of $3,823,640.00.
• On Tuesday, July 15th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $543.07, for a total value of $4,616,095.00.

HubSpot Stock Performance

HubSpot stock traded up $4.66 during midday trading on Monday, reaching $523.50. 522,217 shares of the company were exchanged, compared to its average volume of 730,939. The company has a market capitalization of $27.58 billion, a price-to-earnings ratio of 926.50, a P/E/G ratio of 17.93 and a beta of 1.58. The firm's 50-day simple moving average is $493.86 and its 200-day simple moving average is $551.46. HubSpot, Inc. has a 1 year low of $418.34 and a 1 year high of $881.13.

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

Analysts Set New Price Targets

A number of analysts recently commented on HUBS shares. UBS Group reiterated an "outperform" rating on shares of HubSpot in a research report on Wednesday, September 3rd. Macquarie lowered their price target on HubSpot from $730.00 to $660.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $900.00 price objective on shares of HubSpot in a research note on Thursday, September 4th. Raymond James Financial dropped their price objective on shares of HubSpot from $825.00 to $655.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. Finally, Citigroup lowered their target price on shares of HubSpot from $700.00 to $650.00 and set a "buy" rating for the company in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $722.93.

Institutional Trading of HubSpot

A number of institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in HubSpot by 17.0% during the 1st 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 in the last quarter. Jennison Associates LLC lifted its position in HubSpot by 548.6% during the 2nd quarter. Jennison Associates LLC now owns 794,677 shares of the software maker's stock worth $442,341,000 after acquiring an additional 672,158 shares in the last quarter. Norges Bank acquired a new position in HubSpot during the 2nd quarter worth approximately $269,941,000. Massachusetts Financial Services Co. MA lifted its position in HubSpot by 37.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock worth $530,115,000 after acquiring an additional 251,853 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in HubSpot by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker's stock worth $2,997,407,000 after acquiring an additional 201,994 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

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.