Brian Halligan, Executive Chairman HubSpot Inc . (NYSE: ), recently sold approximately $6,028,965 worth of company stock. The sale comes as HubSpot’s stock is trading near a 52-week high of $762.47, after an impressive 49.48% return over the past six months. According to InvestingPro analysis, the stock appears to be trading above its fair value. The transaction executed on November 19, 2024 involved the sale of 8,500 shares at an average price of $709.29 per share.
In addition to the sale, Halligan also exercised stock options on January 21, 2025, acquiring 7,125 shares of common stock at a price of $52.8 per share. This transaction was part of a prearranged trading plan under Rule 10b5-1, which was adopted on June 3, 2024. InvestingPro data shows that HubSpot maintains impressive gross profit margins of 84.66% and has a market cap of $37.72 billion. After these transactions, Halligan holds a total of 530,898 shares of HubSpot. For an in-depth look at HubSpot’s assessment and 13 additional ProTips, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, HubSpot has seen significant progress. The company reported strong revenue growth of 21.78% and maintained an impressive gross profit margin of 84.66%. Scotiabank (TSX: ) analyst Nick Altmann raised his stock price target for HubSpot to $825, maintaining a sector outperform rating, following a solid fourth-quarter performance.
HubSpot also completed the acquisition of Frame AI, an AI-powered conversational intelligence company, which is expected to improve the company’s ability to transform unstructured user data into actionable insights. The move is seen as a strategic step to strengthen HubSpot’s AI offering.
Several analysts have expressed confidence in HubSpot’s direction, with firms such as RBC Capital Markets, BofA Securities, Truist Securities and Stifel raising their price targets for the company. RBC Capital Markets maintained its Outperform rating, citing consistent retention metrics and strategic moves as key growth drivers.
Finally, HubSpot announced the resignation of its Chief Legal Officer, Alyssa Harvey Dawson, effective December 31, 2024, with a transition plan in effect until March 1, 2025. These are some of the recent developments for HubSpot that continues to focus on strategic initiatives aimed at driving future growth.
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