HubSpot (NYSE:HUBS) CTO Dharmesh Shah Sells 4,747 Shares

HubSpot, Inc. (NYSE:HUBS) CTO Dharmesh Shah sold 4,747 shares of HubSpot stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $501.60, for a total value of $2,381,095.20. Following the completion of the transaction, the chief technology officer owned 1,271,058 shares of the company’s stock, valued at approximately $637,562,692.80. This represents a 0.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, September 8th, Dharmesh Shah sold 17,253 shares of HubSpot stock. The stock was sold at an average price of $500.66, for a total value of $8,637,886.98.

HubSpot Trading Down 2.4%

NYSE:HUBS opened at $489.99 on Thursday. HubSpot, Inc. has a 12 month low of $418.34 and a 12 month high of $881.13. The stock has a 50 day moving average of $500.76 and a two-hundred day moving average of $564.01. The firm has a market cap of $25.82 billion, a P/E ratio of -2,130.37, a price-to-earnings-growth ratio of 17.30 and a beta of 1.58.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping the consensus estimate of $2.12 by $0.07. The company had revenue of $760.87 million during the quarter, compared to analyst estimates of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.HubSpot’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.94 EPS. On average, research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Hedge Funds Weigh In On HubSpot

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in HubSpot by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 5,391,241 shares of the software maker’s stock worth $3,000,926,000 after buying an additional 144,507 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in HubSpot by 17.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock worth $2,805,070,000 after buying an additional 714,980 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in HubSpot by 37.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock worth $530,115,000 after buying an additional 251,853 shares in the last quarter. Geode Capital Management LLC lifted its holdings in HubSpot by 4.3% in the 2nd quarter. Geode Capital Management LLC now owns 925,938 shares of the software maker’s stock worth $513,886,000 after buying an additional 38,096 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in HubSpot by 548.6% in the 2nd quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after buying an additional 672,158 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

HUBS has been the topic of several recent research reports. UBS Group restated an “outperform” rating on shares of HubSpot in a report on Wednesday, September 3rd. Stifel Nicolaus decreased their price target on HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research note on Monday, July 14th. Truist Financial cut their price objective on HubSpot from $720.00 to $675.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Cantor Fitzgerald initiated coverage on HubSpot in a report on Tuesday, June 3rd. They issued an “overweight” rating and a $775.00 target price on the stock. Finally, BMO Capital Markets decreased their price objective on shares of HubSpot from $650.00 to $600.00 and set an “outperform” rating for the company in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $722.93.

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.