Monday, September 25, 2017 10:15 PM ET
Continued Level of Significant Insider Selling at HubSpot (HUBS)
There was a substantial sale of shares of HubSpot by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Dharmesh Shah, Director and Officer — disposed of 20,000 shares in the company having a market value of approximately $1,471,909. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 27,886 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 47,886 shares and have averaged 15,962 shares per transaction over this time period.
This number of buy-sell trades at HubSpot is near average for the 62 member peer company. The Enterprise Software peer group saw 185 buy/sell trades during this period for an average of 3.0 transactions per company. However, trading at HubSpot represents a lower number of shares per transaction. Within the peer group there were 972,550 shares purchased and 7,691,129 shares sold with company insiders having sold 36,317 shares on average over this time period.
The data used in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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