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 company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00. Following the transaction, the chief technology officer now directly owns 1,323,145 shares in the company, valued at approximately $889,973,789.90. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

HubSpot Stock Up 1.8 %

Shares of HUBS stock traded up $11.95 during mid-day trading on Wednesday, hitting $694.48. 338,353 shares of the stock were exchanged, compared to its average volume of 592,701. The company has a market cap of $35.85 billion, a PE ratio of -2,526.87, a price-to-earnings-growth ratio of 82.30 and a beta of 1.63. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $724.61. The firm has a fifty day moving average of $562.05 and a 200 day moving average of $548.88.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. HubSpot’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period last year, the company posted ($0.04) EPS. Equities analysts predict that HubSpot, Inc. will post 0.4 EPS for the current year.

Analyst Ratings Changes

HUBS has been the topic of a number of recent analyst reports. Royal Bank of Canada upped their price target on HubSpot from $700.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. KeyCorp raised HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price on the stock in a research report on Thursday, August 8th. Wells Fargo & Company upped their target price on HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Oppenheimer upped their target price on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Canaccord Genuity Group upped their target price on HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $672.68.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its holdings in shares of HubSpot by 10.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after buying an additional 176,336 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after buying an additional 480,796 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of HubSpot by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after buying an additional 19,974 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of HubSpot by 17.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after buying an additional 86,688 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of HubSpot by 8.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock worth $280,186,000 after buying an additional 40,138 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.