HubSpot (NYSE:HUBS) Stock Price Down 5.8% After Analyst Downgrade

HubSpot, Inc. (NYSE:HUBS) shares were down 5.8% during mid-day trading on Monday after Citigroup lowered their price target on the stock from $700.00 to $650.00. Citigroup currently has a buy rating on the stock. HubSpot traded as low as $423.01 and last traded at $423.42. Approximately 795,185 shares changed hands during mid-day trading, an increase of 11% from the average daily volume of 715,435 shares. The stock had previously closed at $449.72.

Several other equities research analysts have also commented on the stock. Cantor Fitzgerald assumed coverage on shares of HubSpot in a research report on Tuesday, June 3rd. They set an “overweight” rating and a $775.00 target price on the stock. Macquarie decreased their target price on shares of HubSpot from $730.00 to $660.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Wells Fargo & Company set a $680.00 target price on shares of HubSpot and gave the stock an “overweight” rating in a research report on Thursday, August 7th. UBS Group decreased their target price on shares of HubSpot from $820.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Finally, BNP Paribas began coverage on shares of HubSpot in a research report on Tuesday, April 22nd. They set an “outperform” rating and a $700.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $726.04.

Insider Activity at HubSpot

In related news, CFO Kathryn Bueker sold 615 shares of the firm’s stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $339,350.85. Following the transaction, the chief financial officer owned 41,086 shares in the company, valued at approximately $22,670,843.94. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the completion of the transaction, the director owned 522,435 shares in the company, valued at $283,718,775.45. The trade was a 1.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,998 shares of company stock worth $10,928,616. Company insiders own 4.00% of the company’s stock.

Institutional Trading of HubSpot

A number of hedge funds have recently made changes to their positions in HUBS. Price T Rowe Associates Inc. MD raised its stake in shares of HubSpot by 17.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock valued at $2,805,070,000 after purchasing an additional 714,980 shares during the period. Jennison Associates LLC grew its position in shares of HubSpot by 548.6% during the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after buying an additional 672,158 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of HubSpot by 37.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock worth $530,115,000 after buying an additional 251,853 shares in the last quarter. Vanguard Group Inc. grew its position in shares of HubSpot by 4.0% during the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker’s stock worth $2,997,407,000 after buying an additional 201,994 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of HubSpot by 80,552.5% during the first quarter. GAMMA Investing LLC now owns 178,242 shares of the software maker’s stock worth $1,018,280,000 after buying an additional 178,021 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Price Performance

The stock has a market cap of $22.29 billion, a price-to-earnings ratio of -1,839.52, a P/E/G ratio of 14.23 and a beta of 1.66. The business’s fifty day simple moving average is $540.90 and its 200 day simple moving average is $608.20.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.07. The firm had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The firm’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.94 earnings per share. As a group, equities analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

HubSpot Company Profile

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.