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.
在過去的一年中，許多HubSpot公司（紐交所：HUBS）的內部人士出售了大量公司股份，這可能引起了股東的關注。了解內部人員是否正在購買通常在評估內部交易時更有用，因爲內部銷售可能有各種解釋。然而，如果幾個內部人員在特定時間段內賣出股票，股東應該深入了解。
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.
雖然我們不認爲股東應該簡單地跟隨內部交易，但我們認爲監控內部人士的行動是很合理的。
HubSpot Insider Transactions Over The Last Year
過去一年的HubSpot內部交易
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.
過去一年中，我們可以看到其中最大的內部銷售是由聯合創始人Dharmesh Shah進行的，總價值710萬美元，每股約470美元。因此，很明顯，內部人士希望獲得一些現金，即使略低於目前的價格480美元。通常情況下，當內部人員以低於當前價格出售股票時，我們認爲這是令人沮喪的，因爲這表明他們滿意較低的估值。然而，雖然內部銷售有時令人沮喪，但這只是一個弱信號。這一次銷售僅佔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!
在過去一年中，HubSpot的內部人員賣出的比買入的多。下面的圖表顯示了過去一年內部交易（按公司和個人）。如果您單擊圖表，可以查看所有單獨的交易，包括股票價格、個人和日期！
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).
如果你喜歡購買內部人員正在購買而不是銷售的股票，那麼你可能會喜歡這份免費的公司列表。（提示：它們中的大部分都被忽視了。）
HubSpot Insiders Bought Stock Recently
HubSpot內部人士最近購買了股票
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.
在過去的三個月中，我們看到了一些HubSpot內部購買股票的跡象。聯合創始人兼執行主席Brian Halligan在這段時間內購買了價值1.5萬美元的股票。看到內部人士購買股票是好事，以及最近沒有賣方是好事。但在這種情況下，購買的金額意味着最近的交易本身可能並不是非常重要。
Insider Ownership Of HubSpot
HubSpot的內部所有權
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.
許多投資者喜歡檢查公司的內部擁有多少比例的股份。通常，內部所有權越高，內部人士越有可能被激勵爲長期發展公司。看到HubSpot內部人員擁有公司的3.8％，價值約92500萬美元，這是一個很好的跡象。我喜歡看到這種程度的內部所有權，因爲它增加了管理層考慮股東最佳利益的機會。
So What Does This Data Suggest About HubSpot Insiders?
HubSpot內部人員的這些數據意味着什麼？
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.
我們注意到最近有一些內部購買，但沒有出售。總體而言，購買並不值得一提。看到內部人員擁有大量股票是令人振奮的，但由於過去一年的HubSpot內部交易並沒有引起我們的信心，因此我們希望看到更多的內部購買。雖然了解內部人員的所有權和交易情況很重要，但在做出任何投資決策之前，我們確保考慮到股票所面臨的風險。在進行分析時，我們發現HubSpot存在1個警示標誌，忽視這一點是不明智的。
Of course HubSpot may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
當然，HubSpot可能不是最好的股票。因此，你可能希望查看這個免費的優質公司收藏。
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.
對於本文而言，內部人是指向相關監管機構報告其交易的個人。我們目前僅考慮公開市場交易和直接利益的私人處置，但不包括衍生交易或間接利益。
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.
對本文有反饋？對內容感到擔憂？請直接與我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋？對內容感到擔憂？請直接與我們聯繫。或者，發送電子郵件至editorial-team@simplywallst.com。