Yamini Rangan Sells 2,877 Shares of HubSpot, Inc. (NYSE:HUBS) Stock

HubSpot, Inc. (NYSE:HUBS) CEO Yamini Rangan sold 2,877 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the sale, the chief executive officer now directly owns 68,037 shares in the company, valued at $40,332,333.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

HubSpot Trading Up 1.4 %

HubSpot stock opened at $592.31 on Friday. The stock has a market cap of $30.19 billion, a P/E ratio of -223.51 and a beta of 1.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.07 and a quick ratio of 2.07. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85. The firm’s 50 day moving average price is $598.02 and its 200-day moving average price is $603.99.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.27. The firm had revenue of $617.41 million for the quarter, compared to analysts’ expectations of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. On average, equities analysts predict that HubSpot, Inc. will post -0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HUBS has been the topic of several recent analyst reports. Barclays cut their price objective on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th. Needham & Company LLC reissued a “buy” rating and set a $730.00 price objective on shares of HubSpot in a research report on Thursday, May 9th. KeyCorp initiated coverage on shares of HubSpot in a research report on Thursday, March 21st. They set an “underweight” rating and a $520.00 price objective on the stock. Piper Sandler cut their price objective on shares of HubSpot from $675.00 to $655.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. Finally, Mizuho dropped their price target on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $641.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in shares of HubSpot by 14.3% during the first quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock valued at $75,000 after purchasing an additional 15 shares during the period. Lincoln National Corp boosted its stake in shares of HubSpot by 2.6% during the fourth quarter. Lincoln National Corp now owns 666 shares of the software maker’s stock valued at $387,000 after purchasing an additional 17 shares during the period. Addison Capital Co boosted its stake in shares of HubSpot by 0.5% during the fourth quarter. Addison Capital Co now owns 3,822 shares of the software maker’s stock valued at $2,219,000 after purchasing an additional 18 shares during the period. First Affirmative Financial Network boosted its stake in shares of HubSpot by 3.8% during the first quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock valued at $309,000 after purchasing an additional 18 shares during the period. Finally, HB Wealth Management LLC boosted its stake in shares of HubSpot by 3.5% during the fourth quarter. HB Wealth Management LLC now owns 562 shares of the software maker’s stock valued at $326,000 after purchasing an additional 19 shares during the period. 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.