HubSpot, Inc. (NYSE:HUBS) CEO Sells $56,978.04 in Stock

HubSpot, Inc. (NYSE:HUBS) 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.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The firm had revenue of $637.20 million for the quarter, compared to analysts’ expectations of $619.28 million. During the same quarter last year, the firm earned ($1.17) earnings per share. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, sell-side analysts predict that HubSpot, Inc. will post 0.01 EPS for the current year.

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.

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.