HubSpot Inc (HUBS) CEO Brian Halligan Sells 25,000 Shares of Stock

HubSpot Inc (NYSE:HUBS) CEO Brian Halligan sold 25,000 shares of the company’s stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $140.93, for a total value of $3,523,250.00. Following the sale, the chief executive officer now owns 735,116 shares of the company’s stock, valued at $103,599,897.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of HubSpot traded down $4.05, hitting $135.65, during trading on Friday, Marketbeat reports. The stock had a trading volume of 985,737 shares, compared to its average volume of 519,896. HubSpot Inc has a 12-month low of $63.00 and a 12-month high of $143.00. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of -132.99 and a beta of 1.98. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 1.37.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Thursday, May 10th. The software maker reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.04. HubSpot had a negative return on equity of 15.17% and a negative net margin of 11.54%. The firm had revenue of $114.56 million during the quarter, compared to analysts’ expectations of $109.89 million. During the same period last year, the business posted $0.03 earnings per share. The company’s revenue for the quarter was up 39.3% compared to the same quarter last year. equities analysts anticipate that HubSpot Inc will post -1.15 EPS for the current fiscal year.



HUBS has been the subject of a number of research analyst reports. Needham & Company LLC increased their price target on HubSpot and gave the company a “buy” rating in a research note on Friday, May 11th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $119.00 price target (up from $104.00) on shares of HubSpot in a research note on Monday, April 23rd. Stifel Nicolaus increased their price target on HubSpot from $122.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, June 14th. Canaccord Genuity increased their price target on HubSpot from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 11th. Finally, SunTrust Banks increased their price target on HubSpot to $135.00 and gave the company a “buy” rating in a research note on Friday, May 11th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $110.07.

A number of institutional investors have recently bought and sold shares of HUBS. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in HubSpot by 35.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the software maker’s stock worth $206,000 after acquiring an additional 606 shares during the period. Sciencast Management LP acquired a new stake in HubSpot during the fourth quarter worth about $219,000. Advisor Group Inc. grew its holdings in HubSpot by 1,524.1% during the fourth quarter. Advisor Group Inc. now owns 3,037 shares of the software maker’s stock worth $268,000 after acquiring an additional 2,850 shares during the period. Xact Kapitalforvaltning AB acquired a new stake in HubSpot during the fourth quarter worth about $269,000. Finally, SG Americas Securities LLC acquired a new stake in HubSpot during the first quarter worth about $273,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

About HubSpot

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.

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

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