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

HubSpot, Inc. (NYSE:HUBS) CTO Dharmesh Shah sold 4,747 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $501.60, for a total transaction of $2,381,095.20. Following the transaction, the chief technology officer owned 1,271,058 shares of the company’s stock, valued at $637,562,692.80. This represents a 0.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 transaction of $8,637,886.98.

HubSpot Stock Performance

HubSpot stock opened at $496.90 on Friday. The company has a 50-day simple moving average of $499.50 and a 200-day simple moving average of $562.45. The firm has a market capitalization of $26.18 billion, a P/E ratio of -2,160.42, a P/E/G ratio of 16.85 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) last released its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping the consensus estimate of $2.12 by $0.07. The business had revenue of $760.87 million during the quarter, compared to analyst estimates of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.94 earnings per share. As a group, sell-side analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Institutional Investors Weigh In On HubSpot

Institutional investors and hedge funds have recently bought and sold shares of the business. Private Trust Co. NA lifted its holdings in HubSpot by 481.5% in the 1st quarter. Private Trust Co. NA now owns 157 shares of the software maker’s stock valued at $90,000 after acquiring an additional 130 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of HubSpot by 4.6% during the first quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker’s stock valued at $16,427,000 after purchasing an additional 1,276 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of HubSpot by 1,840.0% during the first quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker’s stock valued at $55,000 after purchasing an additional 92 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of HubSpot during the first quarter valued at $235,000. Finally, Amalgamated Bank lifted its holdings in shares of HubSpot by 6.9% during the first quarter. Amalgamated Bank now owns 3,485 shares of the software maker’s stock valued at $1,991,000 after purchasing an additional 226 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on HUBS. Wall Street Zen upgraded HubSpot from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Sanford C. Bernstein upgraded HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 price target for the company in a research report on Wednesday, September 3rd. Macquarie reduced their price target on HubSpot from $730.00 to $660.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. Raymond James Financial reduced their price target on HubSpot from $825.00 to $655.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. Finally, Stifel Nicolaus reduced their price target on HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research report on Monday, July 14th. 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’s stock. According to data from MarketBeat, the company presently has a consensus 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.