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 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 $889,973,789.90. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

HubSpot Stock Up 3.4 %

Shares of HubSpot stock opened at $718.24 on Friday. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $728.90. The company has a 50 day moving average of $570.51 and a 200 day moving average of $551.07. The company has a market capitalization of $37.08 billion, a P/E ratio of -2,660.15, a P/E/G ratio of 82.97 and a beta of 1.63.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HUBS. Blair William & Co. IL lifted its stake in HubSpot by 11.8% during the first quarter. Blair William & Co. IL now owns 1,427 shares of the software maker’s stock worth $894,000 after purchasing an additional 151 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of HubSpot by 25.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,170 shares of the software maker’s stock worth $733,000 after buying an additional 234 shares during the last quarter. UniSuper Management Pty Ltd boosted its holdings in shares of HubSpot by 75.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 700 shares of the software maker’s stock valued at $439,000 after buying an additional 300 shares in the last quarter. Delap Wealth Advisory LLC purchased a new position in shares of HubSpot in the 1st quarter valued at $253,000. Finally, Carlson Capital L P acquired a new stake in HubSpot during the 1st quarter worth $9,961,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

HUBS has been the topic of several recent research reports. Wells Fargo & Company boosted their price target on shares of HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Stifel Nicolaus increased their target price on shares of HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group boosted their price target on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. KeyCorp raised shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective for the company in a research report on Thursday, August 8th. Finally, Canaccord Genuity Group boosted 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 research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $672.68.

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.