Hubspot Inc (HUBS) Files Form 4 Insider Selling : Dharmesh Shah Sells 40,000 Shares

Hubspot Inc (HUBS): Dharmesh Shah , Chief Technology Officer of Hubspot Inc sold 40,000 shares on Jul 14, 2016. The Insider selling transaction was reported by the company on Jul 18, 2016 to the Securities and Exchange Commission. The shares were sold at $51.00 per share for a total value of $2,040,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 7, 2016, Hunter Madeley (Chief Sales Officer) sold 800 shares at $42.12 per share price.On Jul 6, 2016, Brian Halligan (Chief Executive Officer) sold 20,000 shares at $42.34 per share price.Also, On Jun 3, 2016, J Donald Sherman (President and COO) sold 10,000 shares at $48.76 per share price.On May 26, 2016, David R Skok (director) sold 11,005 shares at $45.55 per share price.

Shares of HubSpot Inc (HUBS) ended Friday, Jul 15, 2016 session in red amid volatile trading. The shares closed down -0.24 points or -0.46% at $51.52 with 2,26,047 shares getting traded. Post opening the session at $50.64, the shares hit an intraday low of $50.3037 and an intraday high of $51.58 and the price vacillated in this range throughout the day. The company has a market cap of $1,800 M and the number of outstanding shares has been calculated to be 3,49,43,502 shares. The 52-week high of HubSpot Inc is $60.11 and the 52-week low is $27.

HubSpot Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.HubSpot Inc is Reiterated by Piper Jaffray to Overweight and the brokerage firm has raised the Price Target to $ 65 from a previous price target of $60 .The Rating was issued on Jul 14, 2016.HubSpot Inc is Resumed by Needham to Buy and the brokerage firm has set the Price Target at $60. The Rating was issued on Jun 13, 2016.HubSpot Inc is Initiated by RBC Capital Mkts to Outperform and the brokerage firm has set the Price Target at $62. The Rating was issued on Jun 10, 2016.HubSpot Inc is Initiated by Piper Jaffray to Overweight and the brokerage firm has set the Price Target at $60. The Rating was issued on Jun 1, 2016.

HubSpot Inc. (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications which include social media search engine optimization blogging Website content management marketing automation email CRM analytics and reporting. HubSpot’s platform is a multi-tenant single code-based software-as-a-service delivered through Web browsers or mobile applications. HubSpot offers applications which include Content Optimization System (COS) Search Engine Optimization (SEO) Social Inbox Marketing Automation and Email Sidekick CRM Sync HubSpot CRM and Reporting and Analytics. The Company sells three product plans which include HubSpot Basic HubSpot Pro and HubSpot Enterprise. HubSpot offers professional services and support over the phone and via Web meeting technology.

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