HubSpot, Inc. (NYSE:HUBS) CEO Yamini Rangan Sells 2,874 Shares

HubSpot, Inc. (NYSE:HUBS) CEO Yamini Rangan sold 2,874 shares of HubSpot stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $627.12, for a total value of $1,802,342.88. Following the transaction, the chief executive officer now owns 74,784 shares in the company, valued at approximately $46,898,542.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, March 4th, Yamini Rangan sold 116 shares of HubSpot stock. The shares were sold at an average price of $634.21, for a total value of $73,568.36.
• On Friday, March 1st, Yamini Rangan sold 8,817 shares of HubSpot stock. The shares were sold at an average price of $620.00, for a total value of $5,466,540.00.

HubSpot Price Performance

Shares of NYSE HUBS opened at $626.89 on Thursday. The stock has a market capitalization of $31.76 billion, a price-to-earnings ratio of -176.59 and a beta of 1.58. The business has a 50-day moving average of $614.15 and a 200-day moving average of $539.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96. HubSpot, Inc. has a fifty-two week low of $390.22 and a fifty-two week high of $660.00.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.22. The company had revenue of $581.91 million during the quarter, compared to analysts’ expectations of $557.48 million. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. As a group, sell-side analysts predict that HubSpot, Inc. will post -0.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HubSpot

Several hedge funds have recently modified their holdings of the stock. Tokio Marine Asset Management Co. Ltd. grew its holdings in HubSpot by 11.0% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,282 shares of the software maker’s stock worth $631,000 after purchasing an additional 127 shares during the period. Pathstone Family Office LLC bought a new position in HubSpot during the third quarter worth about $677,000. JPMorgan Chase & Co. grew its holdings in HubSpot by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock worth $1,338,012,000 after purchasing an additional 166,381 shares during the period. Assenagon Asset Management S.A. grew its holdings in HubSpot by 118.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 58,409 shares of the software maker’s stock worth $33,909,000 after purchasing an additional 31,688 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its holdings in HubSpot by 30.8% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 11,325 shares of the software maker’s stock worth $5,578,000 after purchasing an additional 2,669 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on HUBS shares. Wolfe Research boosted their target price on HubSpot from $660.00 to $715.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Piper Sandler boosted their target price on HubSpot from $630.00 to $675.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Needham & Company LLC boosted their target price on HubSpot from $630.00 to $730.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Stifel Nicolaus boosted their price target on HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, BMO Capital Markets boosted their price target on HubSpot from $540.00 to $710.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $628.50.

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.