Insider Selling: HubSpot, Inc. (NYSE:HUBS) CEO Sells $2,144,760.63 in Stock

HubSpot, Inc. (NYSE:HUBS) CEO Yamini Rangan sold 3,057 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the sale, the chief executive officer now directly owns 54,079 shares in the company, valued at $37,941,285.61. This represents a 5.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, December 3rd, Yamini Rangan sold 115 shares of HubSpot stock. The shares were sold at an average price of $713.79, for a total transaction of $82,085.85.
• On Thursday, October 10th, Yamini Rangan sold 1,374 shares of HubSpot stock. The stock was sold at an average price of $550.00, for a total transaction of $755,700.00.

HubSpot Trading Up 1.1 %

NYSE:HUBS opened at $708.98 on Thursday. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $762.47. The stock’s 50 day simple moving average is $697.79 and its 200-day simple moving average is $579.99. The firm has a market cap of $36.60 billion, a P/E ratio of -2,625.75, a PEG ratio of 87.75 and a beta of 1.70.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. During the same period in the previous year, the company posted ($0.04) EPS. HubSpot’s revenue was up 20.1% compared to the same quarter last year. Research analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Institutional Investors Weigh In On HubSpot

Hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after buying an additional 480,796 shares in the last quarter. Fred Alger Management LLC raised its position in HubSpot by 516.2% in the second quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker’s stock worth $96,307,000 after acquiring an additional 136,793 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in HubSpot by 214,342.4% in the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock valued at $672,590,000 after acquiring an additional 126,462 shares during the period. Marshall Wace LLP boosted its position in shares of HubSpot by 88.7% during the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock worth $142,468,000 after purchasing an additional 113,555 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of HubSpot by 17.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after purchasing an additional 86,688 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

HUBS has been the subject of several recent analyst reports. Oppenheimer lifted their price objective on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Truist Financial reaffirmed a “buy” rating and set a $750.00 price objective (up from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Wells Fargo & Company raised their target price on HubSpot from $750.00 to $810.00 and gave the stock an “overweight” rating in a research report on Tuesday. Mizuho upped their price target on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and a consensus target price of $714.05.

About HubSpot

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.