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

HubSpot, Inc. (NYSE:HUBS) CEO Yamini Rangan sold 3,057 shares of HubSpot stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the transaction, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at $37,941,285.61. This represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 stock was sold at an average price of $550.00, for a total value of $755,700.00.

HubSpot Trading Up 0.7 %

HUBS opened at $707.59 on Tuesday. The stock has a market capitalization of $36.53 billion, a P/E ratio of -2,620.61, a P/E/G ratio of 87.75 and a beta of 1.70. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $762.47. The firm’s fifty day simple moving average is $692.11 and its 200 day simple moving average is $578.23.

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

Hedge Funds Weigh In On HubSpot

Large investors have recently bought and sold shares of the company. HM Payson & Co. increased its stake in HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after buying an additional 18 shares during the last quarter. Hazlett Burt & Watson Inc. grew its holdings in shares of HubSpot by 19.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after acquiring an additional 25 shares in the last quarter. Motley Fool Asset Management LLC grew its holdings in shares of HubSpot by 2.6% in the 3rd quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker’s stock valued at $541,000 after acquiring an additional 26 shares in the last quarter. V Square Quantitative Management LLC increased its position in shares of HubSpot by 3.0% in the third quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock valued at $494,000 after acquiring an additional 27 shares during the last quarter. Finally, Crewe Advisors LLC raised its holdings in HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after acquiring an additional 28 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

HUBS has been the topic of several research analyst reports. BMO Capital Markets increased their target price on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Mizuho raised their price objective on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Barclays upped their target price on shares of HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Royal Bank of Canada increased their price target on shares of HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Bank of America boosted their price objective on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, HubSpot has an average rating of “Moderate Buy” and an average 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.