Yamini Rangan Sells 680 Shares of HubSpot, Inc. (NYSE:HUBS) Stock

HubSpot, Inc. (NYSE:HUBS) CEO Yamini Rangan sold 680 shares of the business’s stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the completion of the sale, the chief executive officer now directly owns 71,693 shares in the company, valued at $43,015,800. This represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, April 2nd, Yamini Rangan sold 2,382 shares of HubSpot stock. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44.

HubSpot Stock Performance

NYSE:HUBS opened at $612.71 on Wednesday. The company has a market cap of $31.95 billion, a price-to-earnings ratio of 6,808.65, a PEG ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The stock has a fifty day moving average price of $598.28 and a 200-day moving average price of $662.25.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. Research analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HUBS. Redburn Atlantic started coverage on HubSpot in a research report on Wednesday, February 19th. They issued a “buy” rating on the stock. StockNews.com downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. BMO Capital Markets boosted their price objective on shares of HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. TD Cowen downgraded shares of HubSpot from a “buy” rating to a “hold” rating and raised their target price for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Finally, Citigroup boosted their price target on shares of HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $782.63.

Institutional Trading of HubSpot

Several large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in HubSpot by 5.4% during the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock worth $178,000 after purchasing an additional 13 shares during the last quarter. Wedbush Securities Inc. lifted its position in shares of HubSpot by 3.4% during the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock worth $274,000 after buying an additional 13 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in HubSpot by 2.4% in the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock valued at $445,000 after buying an additional 15 shares in the last quarter. Amalgamated Bank grew its position in HubSpot by 0.5% in the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock valued at $2,271,000 after acquiring an additional 16 shares during the last quarter. Finally, Avitas Wealth Management LLC lifted its holdings in shares of HubSpot by 0.8% in the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock worth $1,420,000 after acquiring an additional 17 shares during the last quarter. Institutional investors and hedge funds 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.