Insider Selling: HubSpot, Inc. (NYSE:HUBS) CEO Sells 3,057 Shares of Stock

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

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 transaction 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 value of $755,700.00.

HubSpot Price Performance

Shares of HUBS opened at $707.59 on Tuesday. The firm has a 50 day simple moving average of $692.11 and a two-hundred day simple moving average of $578.23. HubSpot, Inc. has a one year low of $434.84 and a one year high of $762.47. The company has a market cap of $36.53 billion, a P/E ratio of -2,620.61, a P/E/G ratio of 87.75 and a beta of 1.70.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. The company had revenue of $669.72 million during 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%. HubSpot’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) EPS. On average, analysts expect that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on HUBS. Barclays raised their price objective on HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. BMO Capital Markets lifted their price objective on shares of HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus upped their price objective on shares of HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a report on Monday, December 9th. The Goldman Sachs Group raised their target price on shares of HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Oppenheimer upped their price target on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $705.64.

Institutional Investors Weigh In On HubSpot

Hedge funds have recently made changes to their positions in the stock. HM Payson & Co. lifted its stake in shares of HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after acquiring an additional 18 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in HubSpot by 19.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after buying an additional 25 shares during the last quarter. Motley Fool Asset Management LLC boosted its position in HubSpot by 2.6% during the 3rd quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker’s stock worth $541,000 after buying an additional 26 shares during the period. V Square Quantitative Management LLC grew its holdings in HubSpot by 3.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock worth $494,000 after acquiring an additional 27 shares during the last quarter. Finally, Crewe Advisors LLC raised its stake in shares of HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after acquiring an additional 28 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

About HubSpot

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.