HubSpot, Inc. (NYSE:HUBS) Director Brian Halligan Sells 8,500 Shares

HubSpot, Inc. (NYSE:HUBS) Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total value of $4,616,095.00. Following the transaction, the director directly owned 522,435 shares of the company’s stock, valued at approximately $283,718,775.45. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, June 17th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $548.03, for a total value of $4,658,255.00.

HubSpot Trading Down 2.4%

HubSpot stock opened at $528.41 on Friday. The firm has a market capitalization of $27.87 billion, a P/E ratio of -1,174.25, a PEG ratio of 20.13 and a beta of 1.66. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The business has a 50-day moving average of $582.17 and a 200-day moving average of $633.40.

Hedge Funds Weigh In On HubSpot

Several institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of HubSpot by 17.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock valued at $2,805,070,000 after purchasing an additional 714,980 shares in the last quarter. Norges Bank bought a new position in shares of HubSpot during the 4th quarter valued at about $420,345,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of HubSpot by 37.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock valued at $530,115,000 after purchasing an additional 251,853 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of HubSpot by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker’s stock valued at $2,997,407,000 after purchasing an additional 201,994 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of HubSpot by 80,552.5% during the 1st quarter. GAMMA Investing LLC now owns 178,242 shares of the software maker’s stock valued at $1,018,280,000 after purchasing an additional 178,021 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. BNP Paribas initiated coverage on HubSpot in a report on Tuesday, April 22nd. They set an “outperform” rating and a $700.00 price objective for the company. Citigroup lifted their price target on HubSpot from $750.00 to $759.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Sanford C. Bernstein initiated coverage on HubSpot in a report on Thursday, March 20th. They issued a “market perform” rating and a $693.00 price target for the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $825.00 price target (down from $980.00) on shares of HubSpot in a report on Friday, May 9th. Finally, Piper Sandler lifted their price target on HubSpot from $535.00 to $645.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Four research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $761.54.

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.