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

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

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

• On Tuesday, December 3rd, Yamini Rangan sold 115 shares of HubSpot stock. The stock was 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 transaction of $755,700.00.

HubSpot Trading Down 1.1 %

NYSE HUBS opened at $700.07 on Wednesday. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $762.47. The stock has a 50-day simple moving average of $694.84 and a 200 day simple moving average of $579.08. The company has a market capitalization of $36.14 billion, a PE ratio of -2,592.76, a P/E/G ratio of 87.75 and a beta of 1.70.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. During the same period in the prior year, the business posted ($0.04) EPS. HubSpot’s revenue was up 20.1% on a year-over-year basis. As a group, sell-side analysts predict that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HubSpot

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in HubSpot during the third quarter worth about $25,000. HM Payson & Co. lifted its holdings in shares of HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares in the last quarter. Crewe Advisors LLC grew its position in shares of HubSpot by 37.3% in the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after purchasing an additional 28 shares during the period. True Wealth Design LLC bought a new stake in HubSpot during the 3rd quarter worth approximately $62,000. Finally, Asset Dedication LLC acquired a new stake in HubSpot during the 2nd quarter worth approximately $70,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HUBS shares. Royal Bank of Canada increased their target price on HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Wells Fargo & Company increased their price objective on HubSpot from $750.00 to $810.00 and gave the stock an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their target price on shares of HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $708.36.

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.