HubSpot, Inc. (NYSE:HUBS - Get Free Report) CEO Yamini Rangan sold 680 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total value of $408,000.00. Following the transaction, the chief executive officer now owns 71,693 shares in the company, valued at $43,015,800. This represents a 0.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Yamini Rangan also recently made the following trade(s):
- On Wednesday, April 2nd, Yamini Rangan sold 2,382 shares of HubSpot stock. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44.
HubSpot Stock Performance
HubSpot stock opened at $613.17 on Tuesday. The firm has a 50 day moving average price of $600.99 and a 200 day moving average price of $662.60. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The company has a market capitalization of $31.98 billion, a PE ratio of 6,813.76, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82.
HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (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, equities research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Elequin Capital LP acquired a new stake in HubSpot during the 4th quarter worth 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 worth $30,000 after acquiring an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after acquiring an additional 19 shares in the last quarter. Coppell Advisory Solutions LLC boosted its holdings in HubSpot by 91.7% in the fourth 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 period. Finally, Wilmington Savings Fund Society FSB acquired a new position in HubSpot during the 3rd quarter worth $25,000. Hedge funds and other institutional investors own 90.39% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on HUBS shares. Redburn Atlantic initiated coverage on shares of HubSpot in a report on Wednesday, February 19th. They set a "buy" rating on the stock. Morgan Stanley cut their price objective on HubSpot from $898.00 to $659.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. lifted their price target on HubSpot from $635.00 to $725.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. BMO Capital Markets boosted their price target on HubSpot from $690.00 to $885.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, Sanford C. Bernstein initiated coverage on HubSpot in a report on Thursday, March 20th. They issued a "market perform" rating and a $693.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, HubSpot currently has a consensus rating of "Moderate Buy" and an average target price of $782.63.
Read Our Latest Stock Report on HubSpot
HubSpot Company Profile
(
Get Free Report)
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.
Further Reading
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