Insider Selling: HubSpot, Inc. (NYSE:HUBS) CTO Sells $18,497,250.00 in Stock

HubSpot, Inc. (NYSE:HUBS) CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief technology officer now owns 1,272,077 shares of the company’s stock, valued at approximately $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 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 stock was sold at an average price of $672.62, for a total value of $16,815,500.00.

HubSpot Trading Up 2.4 %

NYSE:HUBS opened at $719.00 on Friday. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $762.47. The stock has a 50 day moving average of $655.94 and a two-hundred day moving average of $568.51. The firm has a market cap of $37.12 billion, a P/E ratio of -2,662.86, a price-to-earnings-growth ratio of 88.26 and a beta of 1.70.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB acquired a new position in HubSpot in the third quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new position in HubSpot in the second quarter valued at approximately $35,000. HM Payson & Co. lifted its holdings in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after acquiring an additional 18 shares during the last quarter. Crewe Advisors LLC boosted its position in shares of HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after buying an additional 63 shares during the period. Finally, True Wealth Design LLC purchased a new position in shares of HubSpot during the third quarter worth $62,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HUBS has been the subject of several research analyst reports. Bank of America raised their price target on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. JPMorgan Chase & Co. raised their price target on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Wells Fargo & Company raised their price target on HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Truist Financial restated a “buy” rating and set a $750.00 price objective (up from $600.00) on shares of HubSpot in a report on Friday, November 8th. Finally, Canaccord Genuity Group lifted their price target on HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock 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.