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

HubSpot, Inc. (NYSE:HUBS - Get Free Report) 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 sale, the chief executive officer now owns 71,693 shares in the company, valued at approximately $43,015,800. This trade represents a 0.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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 Down 0.4 %

NYSE:HUBS traded down $2.32 on Monday, reaching $613.17. 475,575 shares of the company's stock traded hands, compared to its average volume of 621,003. The stock has a 50-day simple moving average of $604.15 and a 200-day simple moving average of $662.23. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The firm has a market cap of $31.98 billion, a PE ratio of 6,813.76, a P/E/G ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, equities analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analyst Weigh In

HUBS has been the subject of several recent analyst reports. Citigroup lifted their target price on shares of HubSpot from $750.00 to $900.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Piper Sandler lowered their price objective on HubSpot from $808.00 to $535.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Mizuho reduced their target price on HubSpot from $900.00 to $700.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. TD Cowen cut HubSpot from a "buy" rating to a "hold" rating and increased their price objective for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Finally, Morgan Stanley reduced their price objective on HubSpot from $898.00 to $659.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $789.11.

Hedge Funds Weigh In On HubSpot

Institutional investors have recently bought and sold shares of the stock. Elequin Capital LP purchased a new position in shares of HubSpot during the fourth quarter valued at about $27,000. Larson Financial Group LLC grew its holdings in HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after buying an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after acquiring an additional 19 shares during the last quarter. Coppell Advisory Solutions LLC raised its holdings in shares of HubSpot by 91.7% during 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot during the 3rd quarter worth approximately $25,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

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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