HubSpot (NYSE:HUBS) CEO Sells $1,193,500.00 in Stock

Key Points

• HubSpot CEO Yamini Rangan sold 2,387 shares of stock for a total of $1,193,500, reducing his ownership by 4.07% to 56,277 shares.
• HubSpot's stock price increased by 2.0% to $459.16, with a market cap of approximately $24.19 billion and a P/E ratio of -1,996.35.
• Recent earnings reported a 19.4% year-over-year revenue increase with an EPS of $2.19, exceeding consensus estimates.

HubSpot, Inc. (NYSE:HUBS - Get Free Report) CEO Yamini Rangan sold 2,387 shares of the company's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $500.00, for a total transaction of $1,193,500.00. Following the completion of the transaction, the chief executive officer owned 56,277 shares in the company, valued at approximately $28,138,500. This represents a 4.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, September 8th, Yamini Rangan sold 477 shares of HubSpot stock. The stock was sold at an average price of $500.00, for a total transaction of $238,500.00.

HubSpot Stock Up 2.0%

Shares of NYSE HUBS traded up $8.79 during midday trading on Wednesday, hitting $459.16. The stock had a trading volume of 756,414 shares, compared to its average volume of 770,337. The business's 50 day moving average is $479.40 and its 200-day moving average is $542.68. The company has a market cap of $24.19 billion, a P/E ratio of -1,996.35, a PEG ratio of 15.99 and a beta of 1.58. HubSpot, Inc. has a 52 week low of $418.34 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.07. The firm had revenue of $760.87 million for the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The business's revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.94 earnings per share. As a group, analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HUBS has been the topic of a number of research analyst reports. Sanford C. Bernstein upgraded shares of HubSpot from a "market perform" rating to an "outperform" rating and set a $606.00 price objective on the stock in a research report on Wednesday, September 3rd. Truist Financial lowered their price objective on shares of HubSpot from $720.00 to $675.00 and set a "buy" rating on the stock in a research report on Thursday, August 7th. KeyCorp lowered their price objective on shares of HubSpot from $860.00 to $775.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. Citigroup lowered their price objective on shares of HubSpot from $700.00 to $650.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Finally, Needham & Company LLC restated a "buy" rating and set a $900.00 price objective on shares of HubSpot in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $723.11.

Institutional Trading of HubSpot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in HubSpot by 2.8% during the second quarter. Vanguard Group Inc. now owns 5,391,241 shares of the software maker's stock valued at $3,000,926,000 after buying an additional 144,507 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of HubSpot by 17.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker's stock worth $2,805,070,000 after purchasing an additional 714,980 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock worth $530,115,000 after purchasing an additional 251,853 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of HubSpot by 4.3% in the second quarter. Geode Capital Management LLC now owns 925,938 shares of the software maker's stock worth $513,886,000 after purchasing an additional 38,096 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of HubSpot by 548.6% in the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker's stock worth $442,341,000 after purchasing an additional 672,158 shares in the last quarter. 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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