Insider Selling: HubSpot, Inc. (NYSE:HUBS) CEO Sells 1,507 Shares of Stock

HubSpot, Inc. (NYSE:HUBS) CEO Yamini Rangan sold 1,507 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $792,440.88. Following the sale, the chief executive officer now owns 62,668 shares in the company, valued at approximately $32,953,341.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, September 4th, Yamini Rangan sold 116 shares of HubSpot stock. The shares were sold at an average price of $491.19, for a total value of $56,978.04.

HubSpot Trading Up 0.6 %

HUBS stock traded up $3.16 during trading on Thursday, reaching $517.72. 315,885 shares of the stock were exchanged, compared to its average volume of 613,278. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85. The firm’s 50 day moving average is $497.54 and its 200 day moving average is $561.41. The firm has a market cap of $26.38 billion, a P/E ratio of -193.91, a price-to-earnings-growth ratio of 7,010.23 and a beta of 1.63.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The company had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. During the same period in the prior year, the firm earned ($1.17) earnings per share. HubSpot’s revenue for the quarter was up 20.4% on a year-over-year basis.

Analyst Ratings Changes

HUBS has been the subject of several recent research reports. Evercore ISI lowered their price objective on HubSpot from $650.00 to $550.00 and set an “in-line” rating for the company in a research note on Thursday, August 8th. Piper Sandler restated an “overweight” rating and issued a $570.00 price target on shares of HubSpot in a research report on Thursday, September 19th. Citigroup cut their price target on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a report on Friday, August 9th. KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective for the company in a report on Thursday, August 8th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $625.00 target price on shares of HubSpot in a research report on Thursday, September 19th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and an average target price of $610.79.

Institutional Investors Weigh In On HubSpot

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in HubSpot by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock valued at $2,781,013,000 after purchasing an additional 119,999 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of HubSpot by 74.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the software maker’s stock valued at $2,117,000 after purchasing an additional 1,560 shares in the last quarter. M&G Plc purchased a new position in shares of HubSpot during the first quarter valued at approximately $8,533,000. Cibc World Markets Corp purchased a new position in shares of HubSpot during the fourth quarter valued at approximately $769,000. Finally, Headlands Technologies LLC bought a new stake in HubSpot during the second quarter worth $3,135,000. 90.39% of the stock is 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.