HubSpot, Inc. Insider Brian Halligan Sells 8,500 Shares

On December 17th, Brian Halligan, an insider at HubSpot, Inc. (NYSE:HUBS), sold 8,500 shares of the company's stock. The shares were sold at an average price of $729.65, leading to a total transaction value of $6,202,025.00. After this sale, Halligan retains ownership of 513,698 shares, equating to a total value of approximately $374,819,745.70. This transaction reflects a 1.63% decrease in Halligan's stake in the company. Details of the sale have been filed with the Securities and Exchange Commission (SEC) and are accessible through their official page.

In a related transaction, Halligan sold another 8,500 shares just a month earlier, on November 19th, at an average price of $661.59, which amounted to $5,623,515.00 for that sale.

Current Performance of HubSpot Stock

As of the latest trading day, HubSpot shares were down 0.6%, priced at $702.45. A total of 588,362 shares changed hands, in line with its average trading volume of 585,329 shares. The stock's 50-day moving average stands at $649.79, while the 200-day moving average is at $567.01. HubSpot boasts a market capitalization of $36.26 billion and currently has a ratio of -2,601.57 for price-to-earnings (P/E), a P/E/G ratio of 88.26, and a beta of 1.70. Over the past year, the stock reached its lowest point at $434.84 and peaked at $762.47.

Earnings and Financial Highlights

HubSpot's most recent earnings report, released on November 6th, showed earnings per share (EPS) at $2.18, surpassing analysts' expectations of $1.91 by $0.27. The company posted revenues of $669.72 million, exceeding estimated revenues of $646.97 million. Despite this positive performance, HubSpot reported a negative return on equity of 1.16% and a net margin of -0.56%. Compared to the same quarter last year, revenue has grown 20.1%. Analysts forecast an EPS of 0.4 for the current financial year.

Changes in Institutional Holdings

Recent changes in institutional investments indicate increased interest in HubSpot. For instance, Wilmington Savings Fund Society acquired a new position worth about $25,000 in HubSpot in the third quarter. Similarly, International Assets Investment Management LLC invested $35,000 in the second quarter, while HM Payson & Co. increased its holdings by 36.0% in the same period, bringing its total to 68 shares valued at $36,000. Other firms, including Crewe Advisors and True Wealth Design, also reported new stakes in HubSpot in recent months. Altogether, institutional investors hold approximately 90.39% of HubSpot's shares.

Analysts’ Price Targets for HubSpot

Numerous research firms have adjusted their price targets for HubSpot shares. Evercore ISI raised their target from $610.00 to $700.00, maintaining an “in-line” rating. UBS upgraded their rating from “hold” to “strong-buy,” while Stifel Nicolaus increased their target from $750.00 to $880.00, categorizing HubSpot as a “buy.” Wells Fargo also adjusted their price target up to $750.00 from $625.00, assigning an “overweight” rating. Bank of America revised their target from $780.00 to $850.00, rating the stock as a “buy.” Overall, the consensus suggests four analysts have a hold rating, eighteen recommend buy, and one analyst gives a strong buy to HubSpot stocks. According to the latest data, the average price target is approximately $702.23, indicating a “Moderate Buy” rating for the stock.

About HubSpot

HubSpot, Inc. operates a cloud-based customer relationship management (CRM) platform, catering to businesses across the Americas, Europe, and the Asia Pacific regions. Their CRM platform features several tools including Marketing Hub for marketing automation and analytics; Sales Hub for tracking sales activities and communications; and Service Hub, which assists businesses in managing customer relations effectively.

HubSpot, Brian, Stock