Insider Selling: HubSpot Inc (NYSE:HUBS) CEO Sells 25,000 Shares of Stock

HubSpot Inc (NYSE:HUBS) CEO Brian Halligan sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $88.30, for a total transaction of $2,207,500.00. Following the sale, the chief executive officer now directly owns 796,119 shares of the company’s stock, valued at approximately $70,297,307.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of HubSpot Inc (NYSE HUBS) traded up $1.75 during mid-day trading on Friday, reaching $92.65. 217,679 shares of the company’s stock traded hands, compared to its average volume of 288,667. The stock has a market cap of $3,460.00, a PE ratio of -79.87 and a beta of 2.30. HubSpot Inc has a 1-year low of $49.40 and a 1-year high of $93.53. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.55 and a current ratio of 3.55.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 1st. The software maker reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.12) by $0.15. The business had revenue of $97.73 million for the quarter, compared to analysts’ expectations of $96.50 million. HubSpot had a negative net margin of 12.16% and a negative return on equity of 21.93%. The business’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) EPS. research analysts forecast that HubSpot Inc will post -0.99 EPS for the current fiscal year.

HUBS has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Canaccord Genuity lifted their target price on shares of HubSpot from $8,398.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. TheStreet raised shares of HubSpot from a “d” rating to a “c-” rating in a research report on Monday, October 9th. Needham & Company LLC lifted their target price on shares of HubSpot to $95.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Finally, Morgan Stanley lifted their target price on shares of HubSpot from $93.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. HubSpot has a consensus rating of “Buy” and a consensus price target of $85.06.

Several institutional investors have recently bought and sold shares of the company. FMR LLC grew its holdings in HubSpot by 1.1% during the 2nd quarter. FMR LLC now owns 5,481,280 shares of the software maker’s stock valued at $360,394,000 after purchasing an additional 59,473 shares during the last quarter. Vanguard Group Inc. grew its stake in HubSpot by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,626,896 shares of the software maker’s stock worth $172,718,000 after acquiring an additional 97,869 shares in the last quarter. Bank of New York Mellon Corp grew its stake in HubSpot by 145.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,366,568 shares of the software maker’s stock worth $155,602,000 after acquiring an additional 1,400,677 shares in the last quarter. First Trust Advisors LP grew its stake in HubSpot by 3.5% in the 3rd quarter. First Trust Advisors LP now owns 892,071 shares of the software maker’s stock worth $74,979,000 after acquiring an additional 30,290 shares in the last quarter. Finally, State Street Corp grew its stake in HubSpot by 17.4% in the 2nd quarter. State Street Corp now owns 622,514 shares of the software maker’s stock worth $40,930,000 after acquiring an additional 92,448 shares in the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

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About HubSpot

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

Insider Buying and Selling by Quarter for HubSpot (NYSE:HUBS)

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