HubSpot, Inc. (NYSE:HUBS) CEO Yamini Rangan Sells 2,383 Shares

HubSpot, Inc. (NYSE:HUBS - Get Free Report) CEO Yamini Rangan sold 2,383 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the transaction, the chief executive officer directly owned 63,918 shares of the company's stock, valued at approximately $35,269,313.22. This represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, April 24th, Yamini Rangan sold 680 shares of HubSpot stock. The stock was sold at an average price of $600.00, for a total value of $408,000.00.

HubSpot Price Performance

Shares of HubSpot stock traded up $14.13 during trading on Thursday, hitting $560.15. The stock had a trading volume of 460,430 shares, compared to its average volume of 629,283. The business has a fifty day moving average of $599.98 and a two-hundred day moving average of $646.48. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The firm has a market cap of $29.54 billion, a P/E ratio of -1,244.77, a PEG ratio of 19.84 and a beta of 1.66.

Hedge Funds Weigh In On HubSpot

Large investors have recently made changes to their positions in the business. Elequin Capital LP bought a new stake in HubSpot during the fourth quarter worth approximately $27,000. Larson Financial Group LLC grew its holdings in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after acquiring an additional 27 shares during the last quarter. Coppell Advisory Solutions LLC grew its holdings in shares of HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after acquiring an additional 22 shares during the last quarter. Aster Capital Management DIFC Ltd raised its position in shares of HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after purchasing an additional 32 shares during the period. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of HubSpot during the fourth quarter valued at $36,000. Institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on HUBS shares. Wells Fargo & Company cut their price objective on HubSpot from $700.00 to $675.00 and set an "overweight" rating on the stock in a research note on Monday, June 9th. Piper Sandler lifted their price objective on shares of HubSpot from $535.00 to $645.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Stifel Nicolaus set a $750.00 price target on shares of HubSpot in a research report on Friday, April 25th. Barclays decreased their price target on shares of HubSpot from $815.00 to $745.00 and set an "overweight" rating for the company in a report on Friday, May 9th. Finally, Stephens started coverage on shares of HubSpot in a research note on Wednesday, March 19th. They set an "overweight" rating and a $769.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $766.71.

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.

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