Insider Selling: HubSpot, Inc. (NYSE:HUBS) CEO Sells 2,382 Shares of Stock

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

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 Down 11.5 %

HUBS traded down $68.23 during trading on Thursday, hitting $524.76. 1,122,116 shares of the company’s stock were exchanged, 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 stock has a market cap of $27.37 billion, a P/E ratio of 5,831.31, a PEG ratio of 41.44 and a beta of 1.82. The business’s 50 day moving average is $697.10 and its two-hundred day moving average is $660.86.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, sell-side analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HUBS shares. JPMorgan Chase & Co. increased their price objective on HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Mizuho increased their price target on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Barclays raised HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price objective on the stock in a research note on Wednesday, March 12th. William Blair reissued an “outperform” rating on shares of HubSpot in a research report on Thursday, February 13th. Finally, Wells Fargo & Company raised their price target on shares of HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $848.58.

Institutional Investors Weigh In On HubSpot

A number of institutional investors and hedge funds have recently bought and sold shares of HUBS. Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot in the third quarter valued at about $25,000. Elequin Capital LP bought a new position in shares of HubSpot in the fourth quarter valued at approximately $27,000. Larson Financial Group LLC increased its position in shares of HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after acquiring an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after purchasing an additional 19 shares during the last quarter. Finally, Coppell Advisory Solutions LLC increased its position 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 valued at $32,000 after purchasing an additional 22 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.