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

HubSpot, Inc. (NYSE:HUBS) CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief technology officer now directly owns 1,272,077 shares in the company, valued at $941,197,051.53. This trade represents a 1.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Trading Up 2.4 %

Shares of NYSE:HUBS opened at $719.00 on Friday. The stock has a market capitalization of $37.12 billion, a PE ratio of -2,662.86, a PEG ratio of 88.26 and a beta of 1.70. The firm has a 50 day moving average of $655.94 and a 200-day moving average of $568.79. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $762.47.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.04) earnings per share. On average, research analysts predict that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HUBS. Mizuho increased their price target on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Stifel Nicolaus lifted their price target on HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Evercore ISI upped their price objective on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Piper Sandler downgraded HubSpot from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $570.00 to $640.00 in a research note on Thursday, November 7th. Finally, Bank of America upped their price objective on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $702.23.

Institutional Trading of HubSpot

Large investors have recently bought and sold shares of the business. GDS Wealth Management bought a new position in shares of HubSpot in the third quarter worth about $2,149,000. Pallas Capital Advisors LLC acquired a new position in HubSpot during the 3rd quarter worth approximately $624,000. Icon Wealth Advisors LLC lifted its stake in HubSpot by 3,346.2% in the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock valued at $11,212,000 after purchasing an additional 20,479 shares during the last quarter. Headlands Technologies LLC acquired a new stake in HubSpot in the second quarter valued at approximately $3,135,000. Finally, Curi RMB Capital LLC grew its stake in shares of HubSpot by 15.1% during the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after buying an additional 937 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

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.