HubSpot (NYSE:HUBS) CEO Sells $238,500.00 in Stock

Key Points

• HubSpot CEO Yamini Rangan sold 477 shares of the company's stock for a total of $238,500 at an average price of $500 per share, resulting in a 0.76% drop in their ownership.
• The company's latest earnings report indicated a positive EPS of $2.19, which exceeded estimates, and quarterly revenue of $760.87 million, reflecting a 19.4% year-over-year increase.
• Analysts have recently adjusted their price targets for HubSpot, with firms like Truist Financial and JPMorgan Chase & Co. lowering their targets, while Wells Fargo increased theirs, leading to a current average price target of $722.93.

HubSpot, Inc. (NYSE:HUBS - Get Free Report) CEO Yamini Rangan sold 477 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $500.00, for a total value of $238,500.00. Following the completion of the transaction, the chief executive officer owned 62,291 shares of the company's stock, valued at approximately $31,145,500. This represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, July 2nd, Yamini Rangan sold 2,383 shares of HubSpot stock. The shares were sold at an average price of $551.79, for a total value of $1,314,915.57.

HubSpot Price Performance

HUBS stock traded down $12.31 during mid-day trading on Wednesday, reaching $489.99. The company had a trading volume of 814,388 shares, compared to its average volume of 745,332. HubSpot, Inc. has a 52 week low of $418.34 and a 52 week high of $881.13. The stock has a 50 day simple moving average of $501.87 and a two-hundred day simple moving average of $564.53. The company has a market capitalization of $25.82 billion, a price-to-earnings ratio of -2,130.37, a PEG ratio of 17.17 and a beta of 1.58.

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Truist Financial reduced their target price on HubSpot from $720.00 to $675.00 and set a "buy" rating for the company in a research note on Thursday, August 7th. Citigroup reduced their target price on HubSpot from $700.00 to $650.00 and set a "buy" rating for the company in a research note on Friday, August 8th. JPMorgan Chase & Co. reduced their price objective on HubSpot from $775.00 to $675.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. Wells Fargo & Company boosted their price objective on HubSpot from $675.00 to $680.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Finally, Sanford C. Bernstein upgraded HubSpot from a "market perform" rating to an "outperform" rating and set a $606.00 price target for the company in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $722.93.

Institutional Trading of HubSpot

Several institutional investors have recently added to or reduced their stakes in the company. Elequin Capital LP acquired a new position in HubSpot in the 4th quarter valued at $27,000. Goodman Advisory Group LLC acquired a new position in HubSpot in the 2nd quarter valued at $27,000. Whittier Trust Co. raised its holdings in HubSpot by 136.4% in the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker's stock valued at $29,000 after acquiring an additional 30 shares in the last quarter. Rakuten Securities Inc. raised its holdings in HubSpot by 783.3% in the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker's stock valued at $30,000 after acquiring an additional 47 shares in the last quarter. Finally, Hilltop National Bank acquired a new position in HubSpot in the 2nd quarter valued at $32,000. 90.39% of the stock is currently owned by 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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