Yamini Rangan Sells 1,374 Shares of HubSpot, Inc. (NYSE:HUBS) Stock

HubSpot, Inc. (NYSE:HUBS) CEO Yamini Rangan sold 1,374 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $755,700.00. Following the completion of the sale, the chief executive officer now owns 61,294 shares in the company, valued at approximately $33,711,700. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, October 2nd, Yamini Rangan sold 1,507 shares of HubSpot stock. The shares were sold at an average price of $525.84, for a total value of $792,440.88.
• On Wednesday, September 4th, Yamini Rangan sold 116 shares of HubSpot stock. The shares were sold at an average price of $491.19, for a total value of $56,978.04.

HubSpot Stock Up 1.1 %

Shares of HubSpot stock opened at $559.40 on Friday. The business has a fifty day simple moving average of $504.35 and a 200-day simple moving average of $557.35. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85. The firm has a market cap of $28.51 billion, a price-to-earnings ratio of -211.09, a price-to-earnings-growth ratio of 7,193.98 and a beta of 1.64.

HubSpot (NYSE:HUBS) last issued its quarterly 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 net margin of 1.15% and a negative return on equity of 2.33%. The company had revenue of $637.20 million during the quarter, compared to the consensus estimate of $619.28 million. During the same period in the prior year, the company earned ($1.17) EPS. HubSpot’s revenue was up 20.4% on a year-over-year basis.

Analyst Ratings Changes

A number of equities analysts have commented on HUBS shares. Evercore ISI decreased their price objective on shares of HubSpot from $650.00 to $550.00 and set an “in-line” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company lowered their price objective on shares of HubSpot from $650.00 to $625.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. UBS Group cut their target price on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $730.00 target price on shares of HubSpot in a report on Thursday, September 19th. Finally, Piper Sandler reissued an “overweight” rating and issued a $570.00 price target on shares of HubSpot in a report on Thursday, September 19th. Four equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $611.83.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HUBS. Riverview Trust Co acquired a new position in shares of HubSpot in the 1st quarter worth $27,000. Geneos Wealth Management Inc. increased its stake in HubSpot by 1,125.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after purchasing an additional 45 shares in the last quarter. International Assets Investment Management LLC purchased a new position in HubSpot in the 2nd quarter worth about $35,000. Crewe Advisors LLC lifted its stake in HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after buying an additional 63 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in HubSpot during the first quarter valued at about $50,000. Institutional investors own 90.39% of the company’s stock.

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.