HubSpot (NYSE:HUBS) Shares Gap Down on Analyst Downgrade

HubSpot, Inc. (NYSE:HUBS) gapped down before the market opened on Friday after The Goldman Sachs Group lowered their price target on the stock from $900.00 to $795.00. The stock had previously closed at $660.36, but opened at $614.33. The Goldman Sachs Group currently has a buy rating on the stock. HubSpot shares last traded at $606.02, with a volume of 193,226 shares traded.

HUBS has been the topic of a number of other reports. BMO Capital Markets cut their target price on HubSpot from $885.00 to $745.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Sanford C. Bernstein initiated coverage on shares of HubSpot in a report on Thursday, March 20th. They issued a “market perform” rating and a $693.00 price target on the stock. Raymond James reissued an “outperform” rating and set a $825.00 price objective (down from $980.00) on shares of HubSpot in a report on Friday. KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price on the stock in a research note on Thursday, February 13th. Finally, Jefferies Financial Group decreased their price target on HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $772.56.

Insider Buying and Selling

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the sale, the insider now directly owns 527,233 shares in the company, valued at approximately $320,283,502.84. The trade was a 1.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 680 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the completion of the transaction, the chief executive officer now owns 71,693 shares of the company’s stock, valued at $43,015,800. This trade represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,562 shares of company stock valued at $18,401,757 over the last 90 days. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in shares of HubSpot by 5.4% during the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock valued at $178,000 after buying an additional 13 shares during the last quarter. Wedbush Securities Inc. lifted its stake in HubSpot by 3.4% in the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock valued at $274,000 after acquiring an additional 13 shares during the last quarter. First Horizon Advisors Inc. grew its position in HubSpot by 2.4% in the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock worth $445,000 after acquiring an additional 15 shares in the last quarter. Amalgamated Bank increased its stake in shares of HubSpot by 0.5% during the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock worth $2,271,000 after purchasing an additional 16 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of HubSpot by 1.1% during the 1st quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker’s stock valued at $861,000 after purchasing an additional 16 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

The firm has a market cap of $31.70 billion, a price-to-earnings ratio of 6,693.08, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78. The firm’s 50 day moving average is $584.93 and its 200-day moving average is $666.55.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, research analysts predict that HubSpot, Inc. will post 1.01 EPS for the current year.

About HubSpot

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.