HubSpot, Inc. (NYSE:HUBS – Get Free Report) Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $184.42, for a total value of $1,567,570.00. Following the completion of the sale, the director owned 93,500 shares of the company’s stock, valued at approximately $17,243,270. This trade represents a 8.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Brian Halligan also recently made the following trade(s):
- On Tuesday, May 19th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $220.00, for a total value of $1,870,000.00.
- On Tuesday, April 21st, Brian Halligan sold 8,292 shares of HubSpot stock. The stock was sold at an average price of $230.72, for a total value of $1,913,130.24.
HubSpot Price Performance
Shares of NYSE HUBS opened at $176.04 on Friday. The business has a fifty day moving average price of $209.33 and a two-hundred day moving average price of $272.06. The stock has a market capitalization of $9.02 billion, a PE ratio of 92.17, a P/E/G ratio of 1.93 and a beta of 1.21. HubSpot, Inc. has a fifty-two week low of $171.65 and a fifty-two week high of $568.16.
Wall Street Analyst Weigh In
HUBS has been the topic of several analyst reports. Cantor Fitzgerald lowered shares of HubSpot from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $325.00 to $200.00 in a research report on Friday, May 8th. Morgan Stanley lowered their price objective on shares of HubSpot from $405.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Evercore set a $225.00 target price on HubSpot in a research note on Friday, May 8th. BNP Paribas Exane downgraded HubSpot from an “outperform” rating to a “neutral” rating and set a $210.00 target price on the stock. in a report on Monday, May 11th. Finally, Truist Financial decreased their price target on HubSpot from $300.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Twenty-one equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and an average target price of $311.00.
View Our Latest Stock Analysis on HUBS
Institutional Investors Weigh In On HubSpot
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Strategic Advocates LLC bought a new position in HubSpot in the third quarter valued at about $25,000. Turning Point Benefit Group Inc. bought a new position in HubSpot in the 3rd quarter valued at approximately $25,000. Rakuten Securities Inc. boosted its position in HubSpot by 783.3% during the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after buying an additional 47 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new position in HubSpot in the 4th quarter valued at approximately $33,000. Finally, Osterweis Capital Management Inc. acquired a new position in HubSpot in the 2nd quarter valued at approximately $34,000. Institutional investors own 90.39% of the company’s stock.
About HubSpot
HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.
The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.
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