Dharmesh Shah Sells 23,000 Shares of HubSpot, Inc. (HUBS) Stock

HubSpot, Inc. (NYSE:HUBS) insider Dharmesh Shah sold 23,000 shares of the stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $108.19, for a total transaction of $2,488,370.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Dharmesh Shah also recently made the following trade(s):

  • On Thursday, February 15th, Dharmesh Shah sold 21,000 shares of HubSpot stock. The shares were sold at an average price of $102.56, for a total transaction of $2,153,760.00.

Shares of HubSpot stock opened at $110.35 on Friday. The company has a market cap of $4.25 billion, a P/E ratio of -108.19 and a beta of 1.94. HubSpot, Inc. has a twelve month low of $108.65 and a twelve month high of $110.85. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.22 and a current ratio of 3.22.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Thursday, May 10th. The software maker reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. The company had revenue of $114.56 million for the quarter, compared to the consensus estimate of $109.89 million. HubSpot had a negative net margin of 11.54% and a negative return on equity of 15.17%. The firm’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 earnings per share. research analysts anticipate that HubSpot, Inc. will post -1.15 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in HubSpot by 35.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the software maker’s stock worth $206,000 after acquiring an additional 606 shares during the period. Raymond James Trust N.A. bought a new position in HubSpot in the fourth quarter worth approximately $216,000. Sciencast Management LP bought a new position in HubSpot in the fourth quarter worth approximately $219,000. Advisor Group Inc. raised its position in HubSpot by 1,524.1% in the fourth quarter. Advisor Group Inc. now owns 3,037 shares of the software maker’s stock worth $268,000 after acquiring an additional 2,850 shares during the period. Finally, Xact Kapitalforvaltning AB bought a new position in HubSpot in the fourth quarter worth approximately $269,000. Institutional investors own 96.05% of the company’s stock.

A number of equities research analysts have recently commented on the stock. UBS increased their price target on shares of HubSpot from $103.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Needham & Company LLC increased their price target on shares of HubSpot from $95.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Canaccord Genuity increased their price target on shares of HubSpot from $98.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Stifel Nicolaus increased their price target on shares of HubSpot from $88.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $96.00 price target (down previously from $99.00) on shares of HubSpot in a report on Tuesday, January 30th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $108.57.

About HubSpot

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.

Insider Buying and Selling by Quarter for HubSpot (NYSE:HUBS)

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