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 stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the transaction, the insider now owns 526,041 shares in the company, valued at $334,656,763.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

HubSpot Price Performance

Shares of NYSE HUBS opened at $649.34 on Friday. HubSpot, Inc. has a twelve month low of $399.48 and a twelve month high of $693.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96. The company’s fifty day moving average is $625.42 and its 200-day moving average is $551.99.

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

Institutional Investors Weigh In On HubSpot

A number of hedge funds and other institutional investors have recently made changes to their positions in HUBS. Jennison Associates LLC raised its holdings in shares of HubSpot by 728.0% during the third quarter. Jennison Associates LLC now owns 792,135 shares of the software maker’s stock worth $390,126,000 after acquiring an additional 696,469 shares during the period. Wellington Management Group LLP raised its holdings in shares of HubSpot by 50.3% during the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock worth $1,088,119,000 after acquiring an additional 626,977 shares during the period. Durable Capital Partners LP acquired a new stake in shares of HubSpot during the first quarter worth $283,913,000. Norges Bank acquired a new stake in HubSpot in the 4th quarter valued at $311,236,000. Finally, Twin Focus Capital Partners LLC increased its stake in HubSpot by 92,828.2% in the 4th quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock valued at $283,230,000 after buying an additional 487,348 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HUBS shares. Wolfe Research upped their target price on shares of HubSpot from $660.00 to $715.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Stifel Nicolaus upped their target price on shares of HubSpot from $700.00 to $750.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Piper Sandler reiterated an “overweight” rating and set a $675.00 target price on shares of HubSpot in a research report on Friday, April 5th. BMO Capital Markets upped their target price on shares of HubSpot from $540.00 to $710.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Finally, Evercore ISI increased their price objective on shares of HubSpot from $625.00 to $650.00 and gave the company an “in-line” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and an average price target of $642.36.

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.