Insider Selling: HubSpot, Inc. (NYSE:HUBS) CTO Sells 25,000 Shares of Stock

HubSpot, Inc. (NYSE:HUBS) CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total value of $18,497,250.00. Following the completion of the sale, the chief technology officer now directly owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. The trade was a 1.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dharmesh Shah also recently made the following trade(s):

• On Tuesday, November 19th, Dharmesh Shah sold 25,000 shares of HubSpot stock. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00.

HubSpot Price Performance

Shares of NYSE:HUBS traded down $4.57 during mid-day trading on Thursday, reaching $702.45. 588,362 shares of the company traded hands, compared to its average volume of 585,329. The firm has a market cap of $36.26 billion, a PE ratio of -2,601.57, a PEG ratio of 88.26 and a beta of 1.70. The company’s 50 day moving average price is $649.79 and its 200-day moving average price is $567.01. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $762.47.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.27. The company had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.04) EPS. On average, research analysts predict that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HUBS. Barclays boosted their price objective on HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a report on Monday. Piper Sandler lowered shares of HubSpot from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $570.00 to $640.00 in a report on Thursday, November 7th. Canaccord Genuity Group raised their price objective on shares of HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $730.00 price objective on shares of HubSpot in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and an average price target of $702.23.

Institutional Trading of HubSpot

Hedge funds and other institutional investors have recently made changes to their positions in the company. GDS Wealth Management purchased a new position in HubSpot during the 3rd quarter valued at about $2,149,000. Pallas Capital Advisors LLC acquired a new position in HubSpot during the 3rd quarter valued at about $624,000. Icon Wealth Advisors LLC boosted its stake in HubSpot by 3,346.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock valued at $11,212,000 after purchasing an additional 20,479 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of HubSpot in the 2nd quarter valued at $3,135,000. Finally, Curi RMB Capital LLC raised its stake in shares of HubSpot by 15.1% during the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after purchasing an additional 937 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.