HubSpot Insiders Sell US$8.9m Of Stock, Possibly Signalling Caution
HubSpot Insiders Sell US$8.9m Of Stock, Possibly Signalling Caution
In the last year, many HubSpot, Inc. (NYSE:HUBS) insiders sold a substantial stake in the company which may have sparked shareholders' attention. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.
在过去的一年中，许多HubSpot公司（纽交所：HUBS）的内部人士出售了大量公司股份，这可能引起了股东的关注。了解内部人员是否正在购买通常在评估内部交易时更有用，因为内部销售可能有各种解释。然而，如果几个内部人员在特定时间段内卖出股票，股东应该深入了解。
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
虽然我们不认为股东应该简单地跟随内部交易，但我们认为监控内部人士的行动是很合理的。
HubSpot Insider Transactions Over The Last Year
过去一年的HubSpot内部交易
Over the last year, we can see that the biggest insider sale was by the Co-Founder, Dharmesh Shah, for US$7.1m worth of shares, at about US$470 per share. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of US$480. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 1.0% of Dharmesh Shah's stake.
过去一年中，我们可以看到其中最大的内部销售是由联合创始人Dharmesh Shah进行的，总价值710万美元，每股约470美元。因此，很明显，内部人士希望获得一些现金，即使略低于目前的价格480美元。通常情况下，当内部人员以低于当前价格出售股票时，我们认为这是令人沮丧的，因为这表明他们满意较低的估值。然而，虽然内部销售有时令人沮丧，但这只是一个弱信号。这一次销售仅占Dharmesh Shah持股的1.0％。
In total, HubSpot insiders sold more than they bought over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
在过去一年中，HubSpot的内部人员卖出的比买入的多。下面的图表显示了过去一年内部交易（按公司和个人）。如果您单击图表，可以查看所有单独的交易，包括股票价格、个人和日期！
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
如果你喜欢购买内部人员正在购买而不是销售的股票，那么你可能会喜欢这份免费的公司列表。（提示：它们中的大部分都被忽视了。）
HubSpot Insiders Bought Stock Recently
HubSpot内部人士最近购买了股票
Over the last three months, we've seen a bit of insider buying at HubSpot. Co-Founder & Executive Chairperson Brian Halligan bought US$15k worth of shares in that time. It's good to see the insider buying, as well as the lack of recent sellers. But in this case the amount purchased means the recent transaction may not be very meaningful on its own.
在过去的三个月中，我们看到了一些HubSpot内部购买股票的迹象。联合创始人兼执行主席Brian Halligan在这段时间内购买了价值1.5万美元的股票。看到内部人士购买股票是好事，以及最近没有卖方是好事。但在这种情况下，购买的金额意味着最近的交易本身可能并不是非常重要。
Insider Ownership Of HubSpot
HubSpot的内部所有权
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that HubSpot insiders own 3.8% of the company, worth about US$925m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
许多投资者喜欢检查公司的内部拥有多少比例的股份。通常，内部所有权越高，内部人士越有可能被激励为长期发展公司。看到HubSpot内部人员拥有公司的3.8％，价值约92500万美元，这是一个很好的迹象。我喜欢看到这种程度的内部所有权，因为它增加了管理层考虑股东最佳利益的机会。
So What Does This Data Suggest About HubSpot Insiders?
HubSpot内部人员的这些数据意味着什么？
We note a that there has been a bit of insider buying recently (but no selling). Overall the buying isn't worth writing home about. It's heartening that insiders own plenty of stock, but we'd like to see more insider buying, since the last year of HubSpot insider transactions don't fill us with confidence. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. While conducting our analysis, we found that HubSpot has 1 warning sign and it would be unwise to ignore this.
我们注意到最近有一些内部购买，但没有出售。总体而言，购买并不值得一提。看到内部人员拥有大量股票是令人振奋的，但由于过去一年的HubSpot内部交易并没有引起我们的信心，因此我们希望看到更多的内部购买。虽然了解内部人员的所有权和交易情况很重要，但在做出任何投资决策之前，我们确保考虑到股票所面临的风险。在进行分析时，我们发现HubSpot存在1个警示标志，忽视这一点是不明智的。
Of course HubSpot may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
当然，HubSpot可能不是最好的股票。因此，你可能希望查看这个免费的优质公司收藏。
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
对于本文而言，内部人是指向相关监管机构报告其交易的个人。我们目前仅考虑公开市场交易和直接利益的私人处置，但不包括衍生交易或间接利益。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
对本文有反馈？对内容感到担忧？请直接与我们联系。或者，发送电子邮件至editorial-team (at) simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论，只使用公正的方法论，我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议，也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意，我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有反馈？对内容感到担忧？请直接与我们联系。或者，发送电子邮件至editorial-team@simplywallst.com。