HubSpot Inc (NYSE:HUBS) CEO Brian Halligan Sells 25,000 Shares

HubSpot Inc (NYSE:HUBS) CEO Brian Halligan sold 25,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $88.30, for a total transaction of $2,207,500.00. Following the sale, the chief executive officer now directly owns 796,119 shares of the company’s stock, valued at approximately $70,297,307.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

HubSpot Inc (NYSE:HUBS) traded up $1.75 on Friday, reaching $92.65. 217,679 shares of the company’s stock traded hands, compared to its average volume of 545,991. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $3,460.00, a P/E ratio of -79.87 and a beta of 2.30. HubSpot Inc has a fifty-two week low of $49.40 and a fifty-two week high of $93.53.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 1st. The software maker reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.15. The firm had revenue of $97.73 million for the quarter, compared to the consensus estimate of $96.50 million. HubSpot had a negative net margin of 12.16% and a negative return on equity of 21.93%. The company’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same period last year, the firm posted ($0.05) earnings per share. sell-side analysts expect that HubSpot Inc will post -0.99 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in HUBS. Bank of New York Mellon Corp increased its position in HubSpot by 145.0% during the second quarter. Bank of New York Mellon Corp now owns 2,366,568 shares of the software maker’s stock worth $155,602,000 after purchasing an additional 1,400,677 shares during the last quarter. Frontier Capital Management Co. LLC acquired a new stake in shares of HubSpot during the second quarter valued at about $23,440,000. Lord Abbett & CO. LLC increased its position in shares of HubSpot by 74.6% during the second quarter. Lord Abbett & CO. LLC now owns 474,251 shares of the software maker’s stock valued at $31,182,000 after acquiring an additional 202,640 shares during the last quarter. CI Global Investments Inc. increased its position in shares of HubSpot by 344.7% during the third quarter. CI Global Investments Inc. now owns 200,100 shares of the software maker’s stock valued at $16,818,000 after acquiring an additional 155,100 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of HubSpot by 48.8% during the second quarter. Goldman Sachs Group Inc. now owns 378,892 shares of the software maker’s stock valued at $24,913,000 after acquiring an additional 124,238 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

A number of research analysts have issued reports on HUBS shares. UBS Group upped their price target on shares of HubSpot from $84.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Morgan Stanley upped their price target on shares of HubSpot from $90.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, October 23rd. Needham & Company LLC restated a “buy” rating and set a $80.00 price target on shares of HubSpot in a research note on Tuesday, September 19th. Canaccord Genuity upped their price target on shares of HubSpot from $8,398.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Tuesday, October 3rd. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. HubSpot has a consensus rating of “Buy” and a consensus target price of $85.06.

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HubSpot Company Profile

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

Insider Buying and Selling by Quarter for HubSpot (NYSE:HUBS)

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