HubSpot Inc (NYSE:HUBS) CEO Brian Halligan sold 22,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $118.09, for a total value of $2,657,025.00. Following the transaction, the chief executive officer now owns 754,598 shares of the company’s stock, valued at $89,110,477.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
HubSpot Inc (NYSE:HUBS) traded down $1.30 during trading on Friday, reaching $116.15. The company’s stock had a trading volume of 310,776 shares, compared to its average volume of 471,699. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 1.42. HubSpot Inc has a 1 year low of $56.95 and a 1 year high of $124.45. The firm has a market capitalization of $4,546.77, a price-to-earnings ratio of -106.94 and a beta of 1.94.
A number of brokerages have recently commented on HUBS. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a report on Tuesday, January 2nd. Canaccord Genuity upped their price target on HubSpot from $98.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Evercore ISI lowered HubSpot from an “outperform” rating to an “in-line” rating and set a $90.00 price target for the company. in a report on Monday, March 12th. They noted that the move was a valuation call. JPMorgan Chase & Co. upped their price target on HubSpot from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. Finally, SunTrust Banks upped their price target on HubSpot to $112.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. HubSpot currently has an average rating of “Buy” and a consensus target price of $94.82.
A number of institutional investors have recently added to or reduced their stakes in HUBS. Jennison Associates LLC raised its stake in HubSpot by 135.8% during the fourth quarter. Jennison Associates LLC now owns 1,273,084 shares of the software maker’s stock worth $112,541,000 after acquiring an additional 733,246 shares in the last quarter. Bank of New York Mellon Corp raised its stake in HubSpot by 10.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,395,691 shares of the software maker’s stock worth $211,779,000 after acquiring an additional 229,182 shares in the last quarter. Victory Capital Management Inc. acquired a new position in HubSpot during the fourth quarter worth $15,095,000. JPMorgan Chase & Co. grew its holdings in shares of HubSpot by 29.0% during the third quarter. JPMorgan Chase & Co. now owns 505,034 shares of the software maker’s stock worth $41,386,000 after purchasing an additional 113,604 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of HubSpot by 9.0% during the fourth quarter. Alliancebernstein L.P. now owns 1,233,632 shares of the software maker’s stock worth $109,053,000 after purchasing an additional 101,364 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.
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HubSpot Company Profile
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.
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