HubSpot, Inc. (NYSE:HUBS) CTO Dharmesh Shah Sells 25,000 Shares

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 transaction, the chief technology officer now owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. This trade represents a 1.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

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

HubSpot Price Performance

NYSE:HUBS traded down $4.57 during mid-day trading on Thursday, reaching $702.45. The stock had a trading volume of 588,362 shares, compared to its average volume of 585,329. The business’s 50 day moving average is $649.79 and its 200 day moving average is $567.01. 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 fifty-two week low of $434.84 and a fifty-two week high of $762.47.

HubSpot (NYSE:HUBS) last posted its quarterly 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. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same period last year, the company earned ($0.04) EPS. The firm’s revenue was up 20.1% on a year-over-year basis. Equities analysts expect that HubSpot, Inc. will post 0.4 EPS for the current year.

Institutional Investors Weigh In On HubSpot

Institutional investors and hedge funds have recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in shares of HubSpot in the 3rd quarter valued at $25,000. International Assets Investment Management LLC acquired a new stake in HubSpot in the second quarter valued at approximately $35,000. HM Payson & Co. grew its holdings 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 buying an additional 18 shares in the last quarter. Crewe Advisors LLC increased its stake 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 purchasing an additional 63 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in HubSpot by 41.6% in the 2nd 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 period. 90.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HUBS has been the subject of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $730.00 target price on shares of HubSpot in a research note on Thursday, November 7th. The Goldman Sachs Group increased their price target on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Stifel Nicolaus boosted their price target on HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Mizuho increased their price target on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Barclays boosted their price objective on shares of HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $702.23.

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.