HubSpot, Inc. (NYSE:HUBS) CEO Yamini Rangan Sells 3,057 Shares

HubSpot, Inc. (NYSE:HUBS) CEO Yamini Rangan sold 3,057 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the sale, the chief executive officer now owns 54,079 shares in the company, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Yamini Rangan also recently made the following trade(s):

• On Tuesday, December 3rd, Yamini Rangan sold 115 shares of HubSpot stock. The shares were sold at an average price of $713.79, for a total value of $82,085.85.
• On Thursday, October 10th, Yamini Rangan sold 1,374 shares of HubSpot stock. The stock was sold at an average price of $550.00, for a total transaction of $755,700.00.

HubSpot Trading Down 1.1 %

HubSpot stock opened at $700.07 on Wednesday. The company has a market capitalization of $36.14 billion, a price-to-earnings ratio of -2,592.76, a PEG ratio of 87.75 and a beta of 1.70. The stock’s 50 day moving average is $694.84 and its 200-day moving average is $579.08. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $762.47.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.04) EPS. As a group, equities research analysts predict that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HUBS shares. Truist Financial reaffirmed a “buy” rating and issued a $750.00 target price (up previously from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Evercore ISI lifted their target price on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. BMO Capital Markets increased their price target on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Mizuho boosted their price target on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Barclays increased their price objective on HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $708.36.

Institutional Trading of HubSpot

Several hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Asset Management Inc boosted its stake in shares of HubSpot by 10.0% in the second quarter. CIBC Asset Management Inc now owns 1,797 shares of the software maker’s stock valued at $1,060,000 after buying an additional 163 shares during the period. TD Asset Management Inc raised its stake in HubSpot by 12.8% in the second quarter. TD Asset Management Inc now owns 45,136 shares of the software maker’s stock valued at $26,621,000 after purchasing an additional 5,109 shares in the last quarter. National Bank of Canada FI lifted its position in HubSpot by 23.2% during the second quarter. National Bank of Canada FI now owns 239 shares of the software maker’s stock worth $142,000 after purchasing an additional 45 shares during the period. Arizona State Retirement System grew its stake in HubSpot by 0.6% during the second quarter. Arizona State Retirement System now owns 13,224 shares of the software maker’s stock worth $7,799,000 after buying an additional 73 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in HubSpot by 4.3% in the 2nd quarter. Private Advisor Group LLC now owns 1,352 shares of the software maker’s stock valued at $797,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.