HubSpot, Inc. (NYSE:HUBS – Get Free Report) CEO Yamini Rangan sold 116 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the transaction, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. The sale was disclosed in a filing with the SEC, which is available at this link.
Yamini Rangan also recently made the following trade(s):
- On Tuesday, July 2nd, Yamini Rangan sold 2,877 shares of HubSpot stock. The stock was sold at an average price of $592.80, for a total value of $1,705,485.60.
HubSpot Trading Down 1.5 %
Shares of HubSpot stock opened at $496.48 on Friday. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85. The stock has a market capitalization of $25.30 billion, a P/E ratio of -187.35, a PEG ratio of 3,148.72 and a beta of 1.63. The business’s fifty day moving average price is $500.50 and its 200 day moving average price is $573.90.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in HubSpot by 14.3% in the first quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock valued at $75,000 after purchasing an additional 15 shares during the period. Lincoln National Corp increased its position in shares of HubSpot by 2.6% during the fourth quarter. Lincoln National Corp now owns 666 shares of the software maker’s stock worth $387,000 after acquiring an additional 17 shares during the last quarter. Addison Capital Co increased its position in shares of HubSpot by 0.5% during the fourth quarter. Addison Capital Co now owns 3,822 shares of the software maker’s stock worth $2,219,000 after acquiring an additional 18 shares during the last quarter. First Affirmative Financial Network increased its position in shares of HubSpot by 3.8% during the first quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock worth $309,000 after acquiring an additional 18 shares during the last quarter. Finally, Lindbrook Capital LLC increased its position in shares of HubSpot by 17.9% during the first quarter. Lindbrook Capital LLC now owns 138 shares of the software maker’s stock worth $86,000 after acquiring an additional 21 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on HUBS. Bank of America cut their target price on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $730.00 price objective on shares of HubSpot in a research note on Thursday, August 8th. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price objective (down from $700.00) on shares of HubSpot in a research note on Thursday, August 8th. UBS Group dropped their price objective on HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $570.00 price objective on shares of HubSpot in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, HubSpot has an average rating of “Moderate Buy” and a consensus target price of $610.79.
Get Our Latest Research Report on HubSpot
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.
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