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

HubSpot, Inc. (NYSE:HUBS) CEO Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, April 20th. The stock was sold at an average price of $502.20, for a total transaction of $4,268,700.00. Following the completion of the transaction, the chief executive officer now directly owns 644,284 shares of the company’s stock, valued at $323,559,424.80. The sale 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, March 16th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $473.63, for a total transaction of $4,025,855.00.

Shares of HUBS traded up $8.82 during mid-day trading on Wednesday, reaching $506.53. The stock had a trading volume of 401,415 shares, compared to its average volume of 526,534. The firm has a market cap of $23.47 billion, a price-to-earnings ratio of -281.98 and a beta of 1.78. HubSpot, Inc. has a 12 month low of $136.53 and a 12 month high of $547.47. The business has a fifty day moving average of $477.29 and a 200 day moving average of $407.66. The company has a debt-to-equity ratio of 0.65, a quick ratio of 3.65 and a current ratio of 3.65.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Thursday, February 11th. The software maker reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.82. The business had revenue of $252.07 million during the quarter, compared to analyst estimates of $236.36 million. HubSpot had a negative net margin of 9.78% and a negative return on equity of 4.76%. On average, research analysts forecast that HubSpot, Inc. will post -1.36 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of HUBS. Benedict Financial Advisors Inc. purchased a new position in shares of HubSpot in the fourth quarter worth $204,000. Federated Hermes Inc. lifted its holdings in shares of HubSpot by 39.7% in the fourth quarter. Federated Hermes Inc. now owns 68,115 shares of the software maker’s stock worth $27,004,000 after buying an additional 19,359 shares in the last quarter. Cresset Asset Management LLC lifted its holdings in shares of HubSpot by 4.8% in the fourth quarter. Cresset Asset Management LLC now owns 3,892 shares of the software maker’s stock worth $1,543,000 after buying an additional 177 shares in the last quarter. Westpac Banking Corp purchased a new position in shares of HubSpot in the fourth quarter worth $1,397,000. Finally, Achmea Investment Management B.V. purchased a new position in shares of HubSpot in the fourth quarter worth $1,325,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Several research analysts have issued reports on the stock. Citigroup lifted their target price on shares of HubSpot from $425.00 to $545.00 and gave the stock a “buy” rating in a report on Friday, February 12th. Needham & Company LLC lifted their target price on shares of HubSpot from $400.00 to $520.00 and gave the stock a “buy” rating in a report on Friday, February 12th. UBS Group started coverage on shares of HubSpot in a research note on Thursday, April 8th. They issued a “buy” rating and a $600.00 price target for the company. Mizuho upgraded shares of HubSpot from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $360.00 to $525.00 in a research note on Friday, February 12th. Finally, Morgan Stanley lifted their price target on shares of HubSpot from $435.00 to $567.00 and gave the stock an “overweight” rating in a research note on Friday, February 12th. One analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. HubSpot presently has a consensus rating of “Buy” and a consensus price target of $465.79.

About HubSpot

HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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Insider Buying and Selling by Quarter for HubSpot (NYSE:HUBS)

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