HubSpot (NYSE:HUBS) CTO Sells $2,381,095.20 in Stock

Key Points

• Dharmesh Shah, CTO of HubSpot, sold 4,747 shares of the company's stock on September 9th for a total of $2.38 million, reducing his ownership by 0.37%.
• HubSpot's recent quarterly earnings reported an EPS of $2.19, exceeding analysts' expectations, with a 19.4% year-over-year revenue increase to $760.87 million.
• Analysts have largely maintained a positive outlook on HubSpot, with a consensus rating of "Moderate Buy" and an average target price of $722.93.

HubSpot, Inc. (NYSE:HUBS - Get Free Report) CTO Dharmesh Shah sold 4,747 shares of HubSpot stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $501.60, for a total value of $2,381,095.20. Following the sale, the chief technology officer directly owned 1,271,058 shares of the company's stock, valued at approximately $637,562,692.80. This trade represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, September 8th, Dharmesh Shah sold 17,253 shares of HubSpot stock. The stock was sold at an average price of $500.66, for a total value of $8,637,886.98.

HubSpot Stock Up 3.4%

Shares of HubSpot stock traded up $16.68 during trading on Monday, reaching $508.16. 642,830 shares of the company were exchanged, compared to its average volume of 776,623. HubSpot, Inc. has a twelve month low of $418.34 and a twelve month high of $881.13. The business has a 50-day moving average price of $497.22 and a 200-day moving average price of $557.17. The firm has a market capitalization of $26.77 billion, a price-to-earnings ratio of -2,209.39, a P/E/G ratio of 16.93 and a beta of 1.58.

HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.07. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The firm had revenue of $760.87 million during the quarter, compared to analysts' expectations of $739.94 million. During the same period in the previous year, the firm earned $1.94 earnings per share. The company's revenue was up 19.4% on a year-over-year basis. On average, equities research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Institutional Trading of HubSpot

A number of institutional investors have recently modified their holdings of HUBS. Price T Rowe Associates Inc. MD lifted its holdings in shares of HubSpot by 17.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker's stock valued at $2,805,070,000 after purchasing an additional 714,980 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of HubSpot by 548.6% in the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker's stock valued at $442,341,000 after purchasing an additional 672,158 shares in the last quarter. Norges Bank bought a new stake in shares of HubSpot in the second quarter valued at about $269,941,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock valued at $530,115,000 after purchasing an additional 251,853 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in HubSpot by 4.0% during the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker's stock worth $2,997,407,000 after acquiring an additional 201,994 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HUBS has been the subject of a number of research analyst reports. KeyCorp decreased their target price on HubSpot from $860.00 to $775.00 and set an "overweight" rating for the company in a research note on Thursday, August 7th. Barclays decreased their target price on HubSpot from $745.00 to $675.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Raymond James Financial decreased their target price on HubSpot from $825.00 to $655.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. Truist Financial decreased their target price on HubSpot from $720.00 to $675.00 and set a "buy" rating for the company in a research note on Thursday, August 7th. Finally, Wall Street Zen raised HubSpot from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $722.93.

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.