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

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 value of $2,144,760.63. Following the completion of the sale, the chief executive officer now owns 54,079 shares in the company, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 shares were sold at an average price of $550.00, for a total transaction of $755,700.00.

HubSpot Price Performance

Shares of HubSpot stock traded up $4.74 during trading on Monday, hitting $707.59. The company’s stock had a trading volume of 329,848 shares, compared to its average volume of 353,970. The stock has a 50-day moving average price of $689.11 and a two-hundred day moving average price of $577.17. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $762.47. The stock has a market cap of $36.53 billion, a price-to-earnings ratio of -2,620.61, a price-to-earnings-growth ratio of 87.75 and a beta of 1.70.

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

Institutional Investors Weigh In On HubSpot

Several institutional investors have recently bought and sold shares of HUBS. Nordea Investment Management AB boosted its holdings in HubSpot by 7.7% during the fourth quarter. Nordea Investment Management AB now owns 4,268 shares of the software maker’s stock worth $2,987,000 after purchasing an additional 306 shares during the last quarter. Everence Capital Management Inc. bought a new position in HubSpot during the fourth quarter valued at about $1,010,000. GAMMA Investing LLC increased its holdings in HubSpot by 16.9% during the fourth quarter. GAMMA Investing LLC now owns 221 shares of the software maker’s stock worth $154,000 after buying an additional 32 shares during the last quarter. Oddo BHF Asset Management Sas bought a new stake in HubSpot in the third quarter worth about $740,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in HubSpot in the third quarter worth about $25,000. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on HUBS shares. JPMorgan Chase & Co. lifted their price target on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Bank of America lifted their target price on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Piper Sandler downgraded shares of HubSpot from an “overweight” rating to a “neutral” rating and upped their price target for the company from $570.00 to $640.00 in a research note on Thursday, November 7th. Mizuho lifted their price objective on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, UBS Group upgraded shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $705.64.

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.