HubSpot, Inc. (NYSE:HUBS) CEO Sells $1,367,077.44 in Stock

HubSpot, Inc. (NYSE:HUBS) CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the transaction, the chief executive officer now owns 72,373 shares of the company’s stock, valued at $41,536,312.16. The trade was a 3.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, January 3rd, Yamini Rangan sold 3,057 shares of HubSpot stock. The stock was sold at an average price of $701.59, for a total value of $2,144,760.63.

HubSpot Stock Down 11.5 %

Shares of HUBS stock traded down $68.23 during trading hours on Thursday, reaching $524.76. The company’s stock had a trading volume of 1,122,116 shares, compared to its average volume of 612,849. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The firm’s 50 day simple moving average is $697.10 and its 200-day simple moving average is $660.86. The company has a market capitalization of $27.37 billion, a price-to-earnings ratio of 5,831.31, a PEG ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Sell-side analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HUBS. Macquarie started coverage on HubSpot in a report on Monday, March 24th. They set an “outperform” rating and a $730.00 price target for the company. Canaccord Genuity Group raised their target price on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. KeyCorp raised shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price target on the stock in a report on Thursday, February 13th. Oppenheimer raised their price objective on shares of HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group upped their target price on HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $848.58.

Institutional Investors Weigh In On HubSpot

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its position in HubSpot by 45.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the software maker’s stock valued at $3,238,000 after buying an additional 1,450 shares in the last quarter. Siemens Fonds Invest GmbH lifted its stake in shares of HubSpot by 514.8% in the 4th quarter. Siemens Fonds Invest GmbH now owns 3,148 shares of the software maker’s stock valued at $2,193,000 after acquiring an additional 2,636 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in shares of HubSpot during the 4th quarter valued at $219,000. Menard Financial Group LLC bought a new stake in HubSpot during the 4th quarter worth $404,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in HubSpot in the 4th quarter worth about $32,682,000. 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.