HubSpot Inc (NYSE:HUBS) CEO Brian Halligan sold 15,277 shares of the business’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $123.18, for a total transaction of $1,881,820.86. Following the sale, the chief executive officer now directly owns 680,046 shares of the company’s stock, valued at approximately $83,768,066.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
NYSE HUBS opened at $124.01 on Friday. The firm has a market capitalization of $4.87 billion, a P/E ratio of -121.58 and a beta of 1.91. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.37. HubSpot Inc has a 12 month low of $85.65 and a 12 month high of $162.20.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, November 7th. The software maker reported ($0.32) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.37). The business had revenue of $131.83 million for the quarter, compared to analyst estimates of $126.65 million. HubSpot had a negative return on equity of 19.13% and a negative net margin of 13.43%. The firm’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. On average, research analysts forecast that HubSpot Inc will post -0.98 EPS for the current fiscal year.
Several research firms have weighed in on HUBS. Summit Insights reiterated a “hold” rating on shares of HubSpot in a report on Thursday, September 6th. Rosenblatt Securities assumed coverage on shares of HubSpot in a report on Thursday, October 4th. They issued a “buy” rating and a $170.00 price objective on the stock. UBS Group assumed coverage on shares of HubSpot in a report on Thursday, October 4th. They issued a “buy” rating on the stock. Jefferies Financial Group initiated coverage on shares of HubSpot in a report on Tuesday, October 2nd. They issued a “buy” rating and a $182.00 price objective on the stock. Finally, Morgan Stanley upped their target price on shares of HubSpot from $119.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Friday, September 7th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $147.13.
Several hedge funds have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale lifted its stake in shares of HubSpot by 85.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock worth $119,000 after acquiring an additional 385 shares during the period. American International Group Inc. increased its holdings in shares of HubSpot by 1.8% in the 3rd quarter. American International Group Inc. now owns 24,054 shares of the software maker’s stock valued at $3,631,000 after purchasing an additional 434 shares in the last quarter. Aperio Group LLC increased its holdings in shares of HubSpot by 16.3% in the 2nd quarter. Aperio Group LLC now owns 3,835 shares of the software maker’s stock valued at $481,000 after purchasing an additional 537 shares in the last quarter. MetLife Investment Advisors LLC increased its holdings in shares of HubSpot by 4.6% in the 2nd quarter. MetLife Investment Advisors LLC now owns 16,478 shares of the software maker’s stock valued at $2,066,000 after purchasing an additional 719 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in shares of HubSpot by 4.0% in the 2nd quarter. Raymond James & Associates now owns 20,444 shares of the software maker’s stock valued at $2,564,000 after purchasing an additional 782 shares in the last quarter. Institutional investors own 93.62% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This news story was originally published by Fairfield Current and is owned by of Fairfield Current. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.fairfieldcurrent.com/news/2018/12/30/brian-halligan-sells-15277-shares-of-hubspot-inc-hubs-stock.html.
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.
Further Reading: Understanding debt-to-equity ratio in fundamental analysis
Receive News & Ratings for HubSpot Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for HubSpot and related companies with MarketBeat.com’s FREE daily email newsletter.