HubSpot, Inc. (NYSE:HUBS – Get Free Report) Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $221.09, for a total value of $1,879,265.00. Following the completion of the transaction, the director directly owned 85,000 shares in the company, valued at approximately $18,792,650. This represents a 9.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Brian Halligan also recently made the following trade(s):
- On Tuesday, June 16th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $184.42, for a total value of $1,567,570.00.
- On Tuesday, May 19th, Brian Halligan sold 8,500 shares of HubSpot stock. The stock was sold at an average price of $220.00, for a total value of $1,870,000.00.
HubSpot Stock Up 5.6%
Shares of HubSpot stock traded up $12.44 during trading on Tuesday, hitting $235.45. 545,042 shares of the stock traded hands, compared to its average volume of 1,763,562. The stock has a market cap of $12.06 billion, a price-to-earnings ratio of 123.56, a PEG ratio of 2.24 and a beta of 1.22. The firm’s fifty day moving average is $201.15 and its 200-day moving average is $236.27. HubSpot, Inc. has a 52 week low of $169.63 and a 52 week high of $566.01.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in HUBS. Geode Capital Management LLC increased its stake in HubSpot by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 971,712 shares of the software maker’s stock worth $388,917,000 after buying an additional 14,159 shares in the last quarter. OFI Invest Asset Management lifted its holdings in HubSpot by 130.2% in the 4th quarter. OFI Invest Asset Management now owns 99,622 shares of the software maker’s stock worth $39,978,000 after purchasing an additional 56,348 shares in the last quarter. Slow Capital Inc. boosted its stake in HubSpot by 35.9% in the 4th quarter. Slow Capital Inc. now owns 18,615 shares of the software maker’s stock worth $7,470,000 after purchasing an additional 4,913 shares during the period. Havemeyer Place LP purchased a new stake in HubSpot during the 4th quarter valued at approximately $2,044,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of HubSpot by 65.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,583 shares of the software maker’s stock valued at $17,891,000 after buying an additional 17,713 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have weighed in on HUBS. Zacks Research raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Piper Sandler lowered their target price on HubSpot from $260.00 to $250.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Truist Financial reduced their price target on HubSpot from $300.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Evercore set a $225.00 price target on HubSpot in a research note on Friday, May 8th. Finally, KeyCorp cut their target price on shares of HubSpot from $340.00 to $290.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $307.86.
Get Our Latest Analysis on HUBS
About HubSpot
HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.
The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.
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