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

HubSpot, Inc. (NYSE:HUBS) insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the transaction, the insider now owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

HubSpot Price Performance

HubSpot stock opened at $649.34 on Friday. HubSpot, Inc. has a 1-year low of $399.48 and a 1-year high of $693.85. The firm’s fifty day moving average price is $625.42 and its two-hundred day moving average price is $551.99. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.35.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.22. The firm had revenue of $581.91 million for the quarter, compared to analyst estimates of $557.48 million. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. Research analysts expect that HubSpot, Inc. will post -0.98 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. The Goldman Sachs Group upped their price target on shares of HubSpot from $577.00 to $656.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Needham & Company LLC upped their price objective on shares of HubSpot from $630.00 to $730.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Evercore ISI upped their price objective on shares of HubSpot from $625.00 to $650.00 and gave the company an “in-line” rating in a research note on Thursday, February 15th. KeyCorp assumed coverage on shares of HubSpot in a research note on Thursday, March 21st. They issued an “underweight” rating and a $520.00 price objective on the stock. Finally, Wells Fargo & Company upped their price objective on shares of HubSpot from $700.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $642.36.

Institutional Trading of HubSpot

Several institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of HubSpot by 14.3% in the first quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock valued at $75,000 after purchasing an additional 15 shares during the last quarter. Lincoln National Corp raised its holdings in shares of HubSpot by 2.6% in the fourth quarter. Lincoln National Corp now owns 666 shares of the software maker’s stock valued at $387,000 after purchasing an additional 17 shares during the last quarter. Addison Capital Co raised its holdings in shares of HubSpot by 0.5% in the fourth quarter. Addison Capital Co now owns 3,822 shares of the software maker’s stock valued at $2,219,000 after purchasing an additional 18 shares during the last quarter. First Affirmative Financial Network raised its holdings in shares of HubSpot by 3.8% in the first quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock valued at $309,000 after purchasing an additional 18 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of HubSpot by 47.4% in the fourth quarter. Quarry LP now owns 56 shares of the software maker’s stock valued at $33,000 after purchasing an additional 18 shares during 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.