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

HubSpot, Inc. (NYSE:HUBS - Get Free Report) CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the sale, the chief technology officer now directly owns 1,272,077 shares in the company, valued at $941,197,051.53. The trade was a 1.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $672.62, for a total transaction of $16,815,500.00.

HubSpot Stock Down 0.6 %

NYSE HUBS traded down $4.57 during trading on Thursday, hitting $702.45. The company's stock had a trading volume of 590,312 shares, compared to its average volume of 585,807. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $762.47. The firm has a market cap of $36.26 billion, a P/E ratio of -2,601.57, a price-to-earnings-growth ratio of 88.26 and a beta of 1.70. The firm has a 50 day moving average price of $652.76 and a 200 day moving average price of $567.95.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating analysts' consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same quarter in the prior year, the business earned ($0.04) earnings per share. The firm's revenue for the quarter was up 20.1% on a year-over-year basis. On average, equities analysts expect that HubSpot, Inc. will post 0.4 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in HubSpot in the third quarter worth $25,000. International Assets Investment Management LLC acquired a new position in HubSpot during the 2nd quarter worth about $35,000. HM Payson & Co. grew its holdings in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker's stock worth $36,000 after acquiring an additional 18 shares during the last quarter. Crewe Advisors LLC increased its position in HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker's stock valued at $44,000 after acquiring an additional 63 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in shares of HubSpot in the third quarter worth about $62,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HUBS has been the topic of several research analyst reports. Barclays lifted their price target on HubSpot from $500.00 to $650.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. Wells Fargo & Company lifted their target price on HubSpot from $625.00 to $750.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Mizuho boosted their price target on shares of HubSpot from $725.00 to $775.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Oppenheimer raised their price objective on shares of HubSpot from $625.00 to $740.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, Evercore ISI boosted their target price on shares of HubSpot from $610.00 to $700.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, HubSpot currently has a consensus rating of "Moderate Buy" and a consensus price target of $702.23.

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.