HubSpot Inc. (HUBS) CEO Brian Halligan Sells 20,000 Shares of Stock
HubSpot Inc. (NYSE:HUBS) CEO Brian Halligan sold 20,000 shares of HubSpot stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $57.16, for a total value of $1,143,200.00. Following the completion of the transaction, the chief executive officer now directly owns 784,154 shares in the company, valued at $44,822,242.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
HubSpot Inc. (NYSE:HUBS) opened at 57.55 on Monday. The company’s 50-day moving average price is $56.33 and its 200-day moving average price is $49.88. The company’s market capitalization is $2.03 billion. HubSpot Inc. has a 52 week low of $27.00 and a 52 week high of $60.11.
HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.08. The company earned $65 million during the quarter, compared to the consensus estimate of $61.67 million. HubSpot had a negative return on equity of 36.88% and a negative net margin of 20.03%. The firm’s revenue was up 51.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.17) EPS. On average, equities analysts forecast that HubSpot Inc. will post ($0.53) EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in HubSpot by 150.5% in the second quarter. BlackRock Inc. now owns 2,981 shares of the company’s stock valued at $129,000 after buying an additional 1,791 shares during the period. Teacher Retirement System of Texas increased its stake in HubSpot by 67.7% in the second quarter. Teacher Retirement System of Texas now owns 3,146 shares of the company’s stock valued at $137,000 after buying an additional 1,270 shares during the period. BNP Paribas Arbitrage SA increased its stake in HubSpot by 100.3% in the third quarter. BNP Paribas Arbitrage SA now owns 2,638 shares of the company’s stock valued at $152,000 after buying an additional 1,321 shares during the period. Glenmede Trust Co. NA bought a new stake in HubSpot during the second quarter valued at about $188,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of HubSpot during the second quarter valued at $200,000. Institutional investors own 88.33% of the company’s stock.
HUBS has been the topic of several recent research reports. Stifel Nicolaus initiated coverage on HubSpot in a research report on Tuesday, July 19th. They set a “buy” rating and a $61.00 price target on the stock.
Needham & Company LLC initiated coverage on HubSpot in a research report on Monday, June 13th. They set a “buy” rating and a $60.00 price target on the stock. Rosenblatt Securities boosted their price target on HubSpot from $61.00 to $67.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Morgan Stanley reissued a “buy” rating on shares of HubSpot in a research report on Sunday, July 17th. Finally, Zacks Investment Research lowered HubSpot from a “buy” rating to a “hold” rating in a research report on Wednesday, October 5th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. HubSpot has a consensus rating of “Buy” and a consensus target price of $63.41.
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications, which include social media, search engine optimization (SEO), blogging, Website content management, marketing automation, e-mail, customer relationship management (CRM), analytics and reporting.
Receive News & Stock Ratings for HubSpot Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot Inc. and related stocks with our FREE daily email newsletter.