HubSpot (NYSE:HUBS) Stock Price Down 6.5% – What’s Next?

HubSpot, Inc. (NYSE:HUBS)’s share price traded down 6.5% on Tuesday . The company traded as low as $238.03 and last traded at $244.9090. 461,654 shares were traded during trading, a decline of 73% from the average session volume of 1,723,911 shares. The stock had previously closed at $262.06.

Analyst Ratings Changes

Several research firms have recently commented on HUBS. Cantor Fitzgerald boosted their price target on HubSpot from $280.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Oppenheimer dropped their price objective on HubSpot from $550.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. BMO Capital Markets cut their target price on HubSpot from $385.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, February 12th. Barclays decreased their price target on shares of HubSpot from $525.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Finally, KeyCorp lowered their price target on shares of HubSpot from $400.00 to $340.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $443.34.

HubSpot Stock Performance

The company has a 50 day moving average of $271.06 and a two-hundred day moving average of $373.11. The stock has a market capitalization of $12.66 billion, a PE ratio of 275.66, a P/E/G ratio of 3.86 and a beta of 1.40.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.10. The business had revenue of $846.75 million during the quarter, compared to the consensus estimate of $830.65 million. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the company earned $2.32 earnings per share. As a group, research analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Transactions at HubSpot

In related news, insider Erika Ashley Fisher sold 841 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total value of $200,166.41. Following the transaction, the insider owned 10,119 shares in the company, valued at approximately $2,408,423.19. This represents a 7.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the completion of the sale, the director owned 487,344 shares in the company, valued at $147,850,422.72. The trade was a 1.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,691 shares of company stock worth $7,250,662 over the last three months. Corporate insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On HubSpot

A number of institutional investors have recently modified their holdings of HUBS. Goodman Advisory Group LLC purchased a new stake in shares of HubSpot in the second quarter worth about $27,000. Rakuten Securities Inc. raised its position in HubSpot by 783.3% during the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after acquiring an additional 47 shares in the last quarter. Strategic Advocates LLC acquired a new position in HubSpot in the third quarter valued at approximately $25,000. Turning Point Benefit Group Inc. purchased a new stake in HubSpot in the 3rd quarter worth approximately $25,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of HubSpot during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Company Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.