Dharmesh Shah, Chief Technology Officer at HubSpot (NYSE:HUBS), reported a large insider sell on November 22, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Shah sold 15,000 shares of HubSpot. The total transaction amounted to $7,054,500.
HubSpot shares are trading down 0.83% at $467.69 at the time of this writing on Thursday morning.
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The Importance of Insider Transactions
Insider transactions shouldn't be used primarily to make an investing decision, however, they ...