HubSpot (NYSE:HUBS) Director Sells $3,128,935.00 in Stock

HubSpot, Inc. (NYSE:HUBS) Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $368.11, for a total value of $3,128,935.00. Following the completion of the sale, the director directly owned 504,966 shares in the company, valued at approximately $185,883,034.26. This represents a 1.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, November 3rd, Brian Halligan sold 235 shares of HubSpot stock. The stock was sold at an average price of $493.30, for a total value of $115,925.50.
• On Tuesday, October 21st, Brian Halligan sold 8,265 shares of HubSpot stock. The stock was sold at an average price of $446.98, for a total transaction of $3,694,289.70.
• On Tuesday, September 16th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $506.52, for a total transaction of $4,305,420.00.

HubSpot Stock Performance

HubSpot stock traded down $4.74 during mid-day trading on Thursday, reaching $357.17. The company’s stock had a trading volume of 975,539 shares, compared to its average volume of 783,864. HubSpot, Inc. has a 12 month low of $354.11 and a 12 month high of $881.13. The business’s 50 day simple moving average is $458.85 and its 200 day simple moving average is $515.12. The company has a market capitalization of $18.71 billion, a price-to-earnings ratio of -4,464.56, a price-to-earnings-growth ratio of 12.49 and a beta of 1.60.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.08. The company had revenue of $809.52 million during the quarter, compared to the consensus estimate of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The company’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.18 EPS. As a group, sell-side analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on HUBS. Mizuho lowered their price target on HubSpot from $700.00 to $550.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Raymond James Financial lowered their target price on shares of HubSpot from $825.00 to $655.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. Stifel Nicolaus dropped their price target on shares of HubSpot from $600.00 to $550.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Oppenheimer decreased their price objective on shares of HubSpot from $750.00 to $550.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Finally, Macquarie dropped their target price on shares of HubSpot from $730.00 to $660.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $617.23.

Institutional Trading of HubSpot

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Goodman Advisory Group LLC bought a new position in HubSpot in the 2nd quarter valued at about $27,000. Whittier Trust Co. grew its position in shares of HubSpot by 136.4% in the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Rakuten Securities Inc. grew its position in shares of HubSpot by 783.3% in the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after purchasing an additional 47 shares during the last quarter. Turning Point Benefit Group Inc. bought a new position in shares of HubSpot during the third quarter worth approximately $25,000. Finally, Hilltop National Bank acquired a new stake in HubSpot during the 2nd quarter worth approximately $32,000. Institutional investors own 90.39% of the company’s stock.

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.