HubSpot, Inc. (NYSE:HUBS – Get Free Report) Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $219.50, for a total value of $1,865,750.00. Following the transaction, the director owned 76,500 shares in the company, valued at $16,791,750. This trade represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Brian Halligan also recently made the following trade(s):
- On Tuesday, July 21st, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $221.09, for a total transaction of $1,879,265.00.
- On Tuesday, June 16th, Brian Halligan sold 8,500 shares of HubSpot stock. The shares were sold at an average price of $184.42, for a total transaction of $1,567,570.00.
HubSpot Stock Performance
Shares of NYSE:HUBS opened at $240.26 on Friday. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 84.90, a price-to-earnings-growth ratio of 2.46 and a beta of 1.19. HubSpot, Inc. has a 1-year low of $169.63 and a 1-year high of $525.51. The company’s fifty day moving average is $209.65 and its two-hundred day moving average is $223.69.
Hedge Funds Weigh In On HubSpot
Several hedge funds and other institutional investors have recently made changes to their positions in HUBS. Price T Rowe Associates Inc. MD grew its holdings in HubSpot by 36.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,581,922 shares of the software maker’s stock worth $1,838,727,000 after buying an additional 1,224,424 shares in the last quarter. BlackRock Inc. bought a new stake in HubSpot during the 2nd quarter valued at $631,386,000. Pictet Asset Management Holding SA raised its stake in HubSpot by 13.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,188,191 shares of the software maker’s stock valued at $533,993,000 after acquiring an additional 252,604 shares in the last quarter. State Street Corp boosted its position in HubSpot by 3.7% during the 4th quarter. State Street Corp now owns 1,191,843 shares of the software maker’s stock worth $478,287,000 after acquiring an additional 42,948 shares during the period. Finally, AQR Capital Management LLC boosted its position in HubSpot by 117.6% during the 4th quarter. AQR Capital Management LLC now owns 1,188,981 shares of the software maker’s stock worth $477,138,000 after acquiring an additional 642,545 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on HUBS shares. Mizuho cut their price target on HubSpot from $300.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Citigroup lowered their price objective on HubSpot from $217.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, August 7th. TD Cowen dropped their target price on HubSpot from $250.00 to $220.00 and set a “hold” rating on the stock in a research report on Thursday, August 6th. Wolfe Research cut HubSpot from an “outperform” rating to a “peer perform” rating in a research note on Thursday, August 6th. Finally, Zacks Research downgraded shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Fifteen analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $268.90.
View Our Latest Stock Analysis on HUBS
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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