Yamini Rangan Sells 2,877 Shares of HubSpot, Inc. (NYSE:HUBS) Stock

HubSpot, Inc. (NYSE:HUBS) CEO Yamini Rangan sold 2,877 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the sale, the chief executive officer now owns 68,037 shares of the company’s stock, valued at $40,332,333.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

HubSpot Stock Performance

NYSE:HUBS opened at $592.65 on Thursday. The stock has a market capitalization of $30.20 billion, a P/E ratio of -223.64 and a beta of 1.60. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85. The stock has a 50-day moving average price of $599.20 and a 200 day moving average price of $604.07.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.26) by $0.27. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The business had revenue of $617.41 million for the quarter, compared to analysts’ expectations of $597.12 million. Equities research analysts forecast that HubSpot, Inc. will post -0.55 EPS for the current fiscal year.

Institutional Investors Weigh In On HubSpot

Several large investors have recently bought and sold shares of HUBS. Riverview Trust Co bought a new stake in shares of HubSpot in the 1st quarter worth about $27,000. Rakuten Securities Inc. bought a new position in shares of HubSpot during the 4th quarter valued at approximately $29,000. Geneos Wealth Management Inc. raised its holdings in HubSpot by 1,125.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after buying an additional 45 shares during the period. Venturi Wealth Management LLC lifted its position in HubSpot by 335.7% in the fourth quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after buying an additional 47 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in HubSpot by 1,380.0% during the fourth quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock valued at $43,000 after acquiring an additional 69 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on HUBS shares. Citigroup reduced their price objective on shares of HubSpot from $798.00 to $767.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. BMO Capital Markets dropped their price objective on shares of HubSpot from $710.00 to $635.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. Canaccord Genuity Group cut their price target on HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Piper Sandler reduced their price target on HubSpot from $675.00 to $655.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. Finally, Barclays decreased their target price on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating for the company in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and an average price target of $641.00.

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.