HubSpot, Inc. (NYSE:HUBS) CTO Sells $14,671,250.00 in Stock

HubSpot, Inc. (NYSE:HUBS) CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $586.85, for a total value of $14,671,250.00. Following the completion of the sale, the chief technology officer now directly owns 1,348,929 shares in the company, valued at $791,618,983.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

HubSpot Stock Down 0.5 %

Shares of HubSpot stock opened at $489.77 on Friday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85. The stock has a 50-day moving average price of $590.05 and a 200 day moving average price of $602.95. The company has a market cap of $24.96 billion, a P/E ratio of -184.82 and a beta of 1.60.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.27. The firm had revenue of $617.41 million for the quarter, compared to the consensus estimate of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. As a group, analysts expect that HubSpot, Inc. will post -0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Scotiabank lifted their price objective on shares of HubSpot from $650.00 to $700.00 and gave the company a “sector outperform” rating in a research report on Friday, April 5th. Needham & Company LLC reiterated a “buy” rating and set a $730.00 price objective on shares of HubSpot in a research report on Thursday, May 9th. Mizuho lowered their target price on HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Barclays reduced their price target on HubSpot from $600.00 to $575.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. Finally, Piper Sandler cut their price objective on shares of HubSpot from $675.00 to $655.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $637.15.

Institutional Trading of HubSpot

Institutional investors have recently bought and sold shares of the company. BDF Gestion acquired a new stake in shares of HubSpot during the 2nd quarter valued at about $906,000. Linden Thomas Advisory Services LLC bought a new position in HubSpot during the second quarter valued at approximately $1,346,000. CWM LLC lifted its stake in HubSpot by 92.4% in the second quarter. CWM LLC now owns 2,391 shares of the software maker’s stock valued at $1,410,000 after acquiring an additional 1,148 shares during the last quarter. Park Avenue Securities LLC grew its position in HubSpot by 9.7% in the second quarter. Park Avenue Securities LLC now owns 1,697 shares of the software maker’s stock worth $1,001,000 after acquiring an additional 150 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of HubSpot by 10.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,479 shares of the software maker’s stock worth $1,462,000 after purchasing an additional 225 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.