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 shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the completion of the transaction, the chief technology officer now directly owns 1,272,077 shares of the company’s stock, valued at approximately $941,197,051.53. This trade represents a 1.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 transaction of $16,815,500.00.

HubSpot Trading Down 0.6 %

NYSE:HUBS opened at $702.45 on Friday. The stock has a 50 day simple moving average of $652.76 and a 200 day simple moving average of $567.95. The stock has a market cap of $36.26 billion, a P/E ratio of -2,601.57, a PEG ratio of 88.26 and a beta of 1.70. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $762.47.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. The company had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company’s revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.04) earnings per share. As a group, sell-side analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HUBS. Bank of America upped their target price on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a report on Monday. Mizuho increased their price objective on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Barclays boosted their target price on shares of HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Truist Financial reaffirmed a “buy” rating and set a $750.00 price target (up from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Finally, Royal Bank of Canada lifted their price objective on shares of HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $702.23.

Institutional Trading of HubSpot

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in HubSpot in the 3rd quarter valued at $25,000. International Assets Investment Management LLC bought a new position in shares of HubSpot in the second quarter worth $35,000. HM Payson & Co. lifted its position in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the period. Crewe Advisors LLC boosted its position in shares of HubSpot by 525.0% during the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after acquiring an additional 63 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in HubSpot by 41.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock valued at $64,000 after acquiring an additional 32 shares during the last quarter. Institutional investors and hedge funds 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.