HubSpot, Inc. (NYSE:HUBS - Get Free Report) insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the sale, the insider now directly owns 513,698 shares of the company's stock, valued at $339,857,459.82. This represents a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
HubSpot Stock Performance
Shares of HUBS stock opened at $695.00 on Thursday. The stock's 50 day simple moving average is $565.99 and its two-hundred day simple moving average is $549.90. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $724.61.
HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business's revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.04) EPS. As a group, sell-side analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current year.
Institutional Inflows and Outflows
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A number of hedge funds have recently modified their holdings of HUBS. HM Payson & Co. grew its holdings in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker's stock worth $36,000 after purchasing an additional 18 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in shares of HubSpot by 19.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker's stock valued at $91,000 after purchasing an additional 25 shares in the last quarter. Motley Fool Asset Management LLC raised its stake in HubSpot by 2.6% in the third quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker's stock worth $541,000 after buying an additional 26 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in shares of HubSpot by 3.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker's stock worth $494,000 after purchasing an additional 27 shares during the last quarter. Finally, Crewe Advisors LLC boosted its position in HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker's stock valued at $55,000 after purchasing an additional 28 shares in the last quarter. Institutional investors own 90.39% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on HUBS shares. Wells Fargo & Company upped their price target on shares of HubSpot from $625.00 to $750.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Bank of America cut their price target on HubSpot from $650.00 to $580.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Oppenheimer upped their price objective on HubSpot from $625.00 to $740.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Raymond James decreased their target price on HubSpot from $725.00 to $675.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. Finally, Royal Bank of Canada upped their price target on HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $672.68.
View Our Latest Research Report on HubSpot
HubSpot Company Profile
(
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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.
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