Insider Selling: HubSpot, Inc. (NYSE:HUBS) Insider Sells 8,500 Shares of Stock

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

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 1.2 %

Shares of NYSE HUBS traded up $6.96 during trading on Wednesday, reaching $603.92. 594,251 shares of the company traded hands, compared to its average volume of 601,846. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13. The stock has a market cap of $31.50 billion, a P/E ratio of 6,710.96, a PEG ratio of 41.44 and a beta of 1.80. The firm’s fifty day simple moving average is $721.64 and its 200 day simple moving average is $654.04.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HUBS. William Blair restated an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. Citigroup raised their price objective on shares of HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Bank of America upped their target price on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Redburn Atlantic assumed coverage on HubSpot in a research note on Wednesday, February 19th. They set a “buy” rating for the company. Finally, TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and upped their price objective for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $860.00.

Institutional Trading of HubSpot

A number of hedge funds have recently added to or reduced their stakes in HUBS. Norges Bank acquired a new position in shares of HubSpot in the fourth quarter worth about $420,345,000. Wellington Management Group LLP boosted its position in HubSpot by 52.2% during the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after purchasing an additional 480,796 shares in the last quarter. Raymond James Financial Inc. purchased a new position in HubSpot during the fourth quarter worth approximately $157,019,000. Wealthfront Advisers LLC grew its holdings in HubSpot by 3,090.2% in the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock valued at $93,049,000 after purchasing an additional 129,357 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of HubSpot in the fourth quarter valued at approximately $79,135,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.