Insider Selling: HubSpot, Inc. (NYSE:HUBS) CEO Sells $792,440.88 in Stock

HubSpot, Inc. (NYSE:HUBS) CEO Yamini Rangan sold 1,507 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $792,440.88. Following the transaction, the chief executive officer now owns 62,668 shares of the company’s stock, valued at $32,953,341.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $491.19, for a total value of $56,978.04.

HubSpot Stock Performance

Shares of HubSpot stock opened at $535.00 on Friday. HubSpot, Inc. has a 52 week low of $407.23 and a 52 week high of $693.85. The stock has a 50 day moving average price of $498.80 and a two-hundred day moving average price of $560.30. The stock has a market capitalization of $27.26 billion, a PE ratio of -201.89, a price-to-earnings-growth ratio of 7,010.23 and a beta of 1.64.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating 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 quarter last year, the company earned ($1.17) earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HUBS. BMO Capital Markets restated an “outperform” rating and set a $570.00 price objective on shares of HubSpot in a research report on Thursday, September 19th. Piper Sandler restated an “overweight” rating and set a $570.00 price objective on shares of HubSpot in a research report on Thursday, September 19th. Wells Fargo & Company lowered their price objective on HubSpot from $650.00 to $625.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Bank of America decreased their target price on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $700.00 target price on shares of HubSpot in a research note on Thursday, September 19th. Four analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and a consensus price target of $610.79.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of HubSpot by 0.8% in the first quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock valued at $3,025,964,000 after purchasing an additional 39,098 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in HubSpot by 10.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after acquiring an additional 176,336 shares during the period. Wellington Management Group LLP lifted its holdings in HubSpot by 50.3% during the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock worth $1,088,119,000 after acquiring an additional 626,977 shares during the period. Jennison Associates LLC lifted its holdings in HubSpot by 62.1% during the first quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock worth $988,406,000 after acquiring an additional 604,554 shares during the period. Finally, Twin Focus Capital Partners LLC lifted its holdings in HubSpot by 92,828.2% during the fourth quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock worth $283,230,000 after acquiring an additional 487,348 shares during the period. Institutional investors own 90.39% of the company’s stock.

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.