Insider Selling: HubSpot (NYSE:HUBS) CTO Sells 4,747 Shares of 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 the business's stock in a transaction that occurred 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 completion of the transaction, the chief technology officer directly owned 1,271,058 shares in the company, valued at $637,562,692.80. The trade was a 0.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 transaction of $8,637,886.98.

HubSpot Price Performance

Shares of HubSpot stock traded down $12.31 on Wednesday, hitting $489.99. 814,388 shares of the company's stock traded hands, compared to its average volume of 745,332. The firm's 50-day moving average price is $501.87 and its two-hundred day moving average price is $564.53. The stock has a market capitalization of $25.82 billion, a PE ratio of -2,130.37, a price-to-earnings-growth ratio of 17.17 and a beta of 1.58. HubSpot, Inc. has a one year low of $418.34 and a one year high of $881.13.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of HubSpot from $675.00 to $680.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. UBS Group reaffirmed an "outperform" rating on shares of HubSpot in a report on Wednesday, September 3rd. Wall Street Zen raised shares of HubSpot from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Truist Financial reduced their price target on shares of HubSpot from $720.00 to $675.00 and set a "buy" rating on the stock in a research report on Thursday, August 7th. Finally, Cantor Fitzgerald began coverage on shares of HubSpot in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $775.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, HubSpot has an average rating of "Moderate Buy" and an average target price of $722.93.

Institutional Investors Weigh In On HubSpot

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in HubSpot by 2.8% during the second quarter. Vanguard Group Inc. now owns 5,391,241 shares of the software maker's stock worth $3,000,926,000 after purchasing an additional 144,507 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of HubSpot by 17.0% during the 1st 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 buying an additional 714,980 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of HubSpot by 37.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock valued at $530,115,000 after buying an additional 251,853 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of HubSpot by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 925,938 shares of the software maker's stock valued at $513,886,000 after buying an additional 38,096 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of HubSpot by 548.6% during the 2nd quarter. Jennison Associates LLC now owns 794,677 shares of the software maker's stock valued at $442,341,000 after buying an additional 672,158 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

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.

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