HubSpot, Inc. (NYSE:HUBS) CEO Yamini Rangan Sells 2,877 Shares

HubSpot, Inc. (NYSE:HUBS) CEO Yamini Rangan sold 2,877 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the completion of the sale, the chief executive officer now directly owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The sale was disclosed in a filing with the SEC, which is accessible through this link.

HubSpot Stock Up 1.5 %

NYSE:HUBS traded up $8.51 on Wednesday, reaching $592.65. 251,491 shares of the stock traded hands, compared to its average volume of 575,512. The company has a market capitalization of $30.20 billion, a price-to-earnings ratio of -223.51 and a beta of 1.60. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32. HubSpot, Inc. has a 12 month low of $407.23 and a 12 month high of $693.85. The company’s fifty day simple moving average is $599.20 and its 200 day simple moving average is $604.07.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.27. The business had revenue of $617.41 million during the quarter, compared to analyst estimates of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. Equities analysts predict that HubSpot, Inc. will post -0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

HUBS has been the subject of several analyst reports. TD Cowen dropped their price target on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Piper Sandler dropped their price target on shares of HubSpot from $675.00 to $655.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. Barclays dropped their price target on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. Wells Fargo & Company increased their price target on shares of HubSpot from $725.00 to $750.00 and gave the company an “overweight” rating in a research report on Monday, June 10th. Finally, Citigroup dropped their price target on shares of HubSpot from $798.00 to $767.00 and set a “buy” rating for the company in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $641.00.

Institutional Trading of HubSpot

Institutional investors have recently made changes to their positions in the stock. Riverview Trust Co purchased a new stake in shares of HubSpot during the 1st quarter valued at about $27,000. Geneos Wealth Management Inc. boosted its holdings in shares of HubSpot by 1,125.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after acquiring an additional 45 shares during the last quarter. Rakuten Securities Inc. purchased a new stake in shares of HubSpot during the 4th quarter valued at about $29,000. Venturi Wealth Management LLC boosted its holdings in shares of HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after acquiring an additional 47 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of HubSpot by 1,380.0% during the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock valued at $43,000 after acquiring an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.