Insider Selling: HubSpot, Inc. (NYSE:HUBS) CEO Sells $755,700.00 in Stock

HubSpot, Inc. (NYSE:HUBS) CEO Yamini Rangan sold 1,374 shares of HubSpot stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $755,700.00. Following the transaction, the chief executive officer now owns 61,294 shares of the company’s stock, valued at $33,711,700. This represents a 0.00 % decrease in their ownership of the stock. The sale 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 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 stock was sold at an average price of $491.19, for a total value of $56,978.04.

HubSpot Trading Up 1.1 %

Shares of NYSE HUBS opened at $559.40 on Monday. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85. The stock has a fifty day simple moving average of $504.35 and a 200-day simple moving average of $556.89. The stock has a market capitalization of $28.51 billion, a PE ratio of -211.09, a PEG ratio of 7,193.98 and a beta of 1.64.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The business had revenue of $637.20 million during the quarter, compared to analysts’ expectations of $619.28 million. During the same period in the prior year, the firm posted ($1.17) EPS. The business’s quarterly revenue was up 20.4% compared to the same quarter last year.

Hedge Funds Weigh In On HubSpot

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of HubSpot by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock worth $3,025,964,000 after buying an additional 39,098 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in HubSpot by 10.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock valued at $1,211,535,000 after purchasing an additional 176,336 shares in the last quarter. Wellington Management Group LLP increased its stake in HubSpot by 50.3% in the 4th quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock valued at $1,088,119,000 after purchasing an additional 626,977 shares in the last quarter. Jennison Associates LLC increased its stake in HubSpot by 62.1% in the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock valued at $988,406,000 after purchasing an additional 604,554 shares in the last quarter. Finally, Twin Focus Capital Partners LLC increased its stake in HubSpot by 92,828.2% in the 4th quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock valued at $283,230,000 after purchasing an additional 487,348 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HUBS has been the topic of several research analyst reports. Evercore ISI cut their target price on HubSpot from $650.00 to $550.00 and set an “in-line” rating on the stock in a research report on Thursday, August 8th. Stifel Nicolaus lifted their price target on HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. BMO Capital Markets reissued an “outperform” rating and issued a $570.00 target price on shares of HubSpot in a research report on Thursday, September 19th. Truist Financial reissued a “buy” rating and set a $600.00 price objective (down previously from $700.00) on shares of HubSpot in a research note on Thursday, August 8th. Finally, Raymond James dropped their price target on HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $611.83.

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.