HubSpot, Inc. (NYSE:HUBS) Insider Sells $5,163,580.00 in Stock

HubSpot, Inc. (NYSE:HUBS) insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares of the company’s stock, valued at approximately $320,283,502.84. The trade was a 1.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, February 18th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00.

HubSpot Trading Up 1.1 %

HubSpot stock opened at $604.89 on Friday. The company has a market capitalization of $31.55 billion, a PE ratio of 6,721.75, a P/E/G ratio of 41.44 and a beta of 1.80. The stock has a 50-day moving average price of $715.33 and a two-hundred day moving average price of $654.03. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HubSpot

Several institutional investors and hedge funds have recently made changes to their positions in HUBS. Norges Bank acquired a new stake in shares of HubSpot in the fourth quarter valued at about $420,345,000. Wellington Management Group LLP increased its stake in shares of HubSpot by 52.2% in the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after buying an additional 480,796 shares during the period. Raymond James Financial Inc. acquired a new stake in HubSpot during the fourth quarter worth approximately $157,019,000. Wealthfront Advisers LLC grew its stake in HubSpot by 3,090.2% during the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock worth $93,049,000 after purchasing an additional 129,357 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in HubSpot during the fourth quarter worth approximately $79,135,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Raymond James boosted their price target on HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Mizuho boosted their price target on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. StockNews.com downgraded HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group boosted their price target on HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Scotiabank boosted their price target on HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a research note on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and an average price target of $853.32.

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.