Yamini Rangan Sells 2,382 Shares of HubSpot, Inc. (NYSE:HUBS) Stock

HubSpot, Inc. (NYSE:HUBS) CEO Yamini Rangan sold 2,382 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the sale, the chief executive officer now owns 72,373 shares in the company, valued at $41,536,312.16. This represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

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

HubSpot Stock Performance

Shares of NYSE HUBS opened at $500.79 on Friday. The stock has a 50 day moving average price of $688.31 and a 200 day moving average price of $659.95. The stock has a market capitalization of $26.12 billion, a PE ratio of 5,564.93, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS 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%. As a group, research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

Analysts Set New Price Targets

HUBS has been the topic of a number of recent analyst reports. William Blair reissued an “outperform” rating on shares of HubSpot in a research report on Thursday, February 13th. Wells Fargo & Company lifted their target price on HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. TD Cowen cut HubSpot from a “buy” rating to a “hold” rating and boosted their target price for the company from $680.00 to $725.00 in a research note on Friday, January 17th. Morgan Stanley raised their price target on HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, Bank of America boosted their price objective on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Five investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $848.58.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot in the 3rd quarter valued at about $25,000. Elequin Capital LP bought a new stake in HubSpot in the fourth quarter valued at approximately $27,000. Larson Financial Group LLC raised its stake in HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after acquiring an additional 19 shares during the period. Finally, Coppell Advisory Solutions LLC boosted its stake in shares of HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after acquiring an additional 22 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.