Insider Selling: HubSpot, Inc. (NYSE:HUBS) Insider Sells 8,500 Shares of Stock

HubSpot, Inc. (NYSE:HUBS) insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the transaction, the insider now owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

HubSpot Trading Up 2.5 %

NYSE:HUBS traded up $15.89 during trading hours on Thursday, reaching $649.34. 726,081 shares of the stock were exchanged, compared to its average volume of 482,635. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average of $625.00 and a two-hundred day moving average of $551.30. HubSpot, Inc. has a twelve month low of $399.48 and a twelve month high of $693.85. The company has a market capitalization of $32.90 billion, a price-to-earnings ratio of -178.59 and a beta of 1.58.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.22. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. The company had revenue of $581.91 million for the quarter, compared to analysts’ expectations of $557.48 million. On average, equities analysts predict that HubSpot, Inc. will post -0.98 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in HubSpot by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock worth $2,781,013,000 after purchasing an additional 119,999 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of HubSpot by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock worth $1,338,012,000 after acquiring an additional 166,381 shares during the period. Wellington Management Group LLP increased its position in shares of HubSpot by 50.3% during the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock worth $1,088,119,000 after acquiring an additional 626,977 shares during the period. Clearbridge Investments LLC increased its position in shares of HubSpot by 33.6% during the first quarter. Clearbridge Investments LLC now owns 1,128,424 shares of the software maker’s stock worth $535,934,000 after acquiring an additional 284,039 shares during the period. Finally, Durable Capital Partners LP increased its position in shares of HubSpot by 7.5% during the fourth quarter. Durable Capital Partners LP now owns 986,355 shares of the software maker’s stock worth $285,185,000 after acquiring an additional 68,833 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HUBS shares. Wolfe Research lifted their price target on HubSpot from $660.00 to $715.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Stifel Nicolaus lifted their price target on HubSpot from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Monday, April 8th. UBS Group reiterated a “neutral” rating and set a $525.00 price objective on shares of HubSpot in a research note on Thursday, February 15th. William Blair reiterated an “outperform” rating on shares of HubSpot in a research note on Thursday, February 15th. Finally, Scotiabank boosted their price objective on HubSpot from $650.00 to $700.00 and gave the stock a “sector outperform” rating in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $642.36.

HubSpot Company Profile

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.