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 business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the sale, the insider now directly owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

HubSpot Trading Up 2.5 %

Shares of NYSE:HUBS traded up $15.89 during trading on Thursday, hitting $649.34. The company had a trading volume of 726,081 shares, compared to its average volume of 482,635. The stock has a market cap of $32.90 billion, a price-to-earnings ratio of -178.59 and a beta of 1.58. HubSpot, Inc. has a one year low of $399.48 and a one year high of $693.85. The company has a fifty day simple moving average of $625.00 and a two-hundred day simple moving average of $551.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.22. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. The business had revenue of $581.91 million during the quarter, compared to analyst estimates of $557.48 million. As a group, equities analysts forecast that HubSpot, Inc. will post -0.98 earnings per share for the current year.

Institutional Investors Weigh In On HubSpot

Institutional investors and hedge funds have recently modified their holdings of the business. Riverview Trust Co bought a new stake in shares of HubSpot during the 1st quarter worth approximately $27,000. Rakuten Securities Inc. bought a new stake in shares of HubSpot during the 4th quarter worth approximately $29,000. Quarry LP lifted its stake in shares of HubSpot by 47.4% during the 4th quarter. Quarry LP now owns 56 shares of the software maker’s stock worth $33,000 after acquiring an additional 18 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after acquiring an additional 47 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of HubSpot by 1,380.0% during the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock worth $43,000 after acquiring an additional 69 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wolfe Research upped their price objective on HubSpot from $660.00 to $715.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Wells Fargo & Company increased their target price on HubSpot from $700.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. The Goldman Sachs Group increased their target price on HubSpot from $577.00 to $656.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. increased their target price on HubSpot from $530.00 to $630.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Finally, BMO Capital Markets increased their target price on HubSpot from $540.00 to $710.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $642.36.

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.