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

HubSpot, Inc. (NYSE:HUBS)’s share price 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.

Several other analysts also recently weighed in on HUBS. Piper Sandler lifted their target price on shares of HubSpot from $535.00 to $645.00 and gave the company a “neutral” rating in a report on Friday. TD Cowen cut HubSpot from a “buy” rating to a “hold” rating and boosted their target price for the stock from $680.00 to $725.00 in a research report on Friday, January 17th. BMO Capital Markets reduced their price target on HubSpot from $885.00 to $745.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Wells Fargo & Company dropped their price objective on HubSpot from $940.00 to $700.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Finally, Raymond James restated an “outperform” rating and set a $825.00 target price (down from $980.00) on shares of HubSpot in a research report on Friday. Five research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $772.56.

Insider Transactions at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 527,233 shares of the company’s stock, valued at approximately $320,283,502.84. This represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 680 shares of HubSpot stock in a transaction 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 in the company, valued at approximately $43,015,800. This trade represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,562 shares of company stock worth $18,401,757 over the last quarter. 4.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HubSpot

A number of large investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot during the 3rd quarter worth approximately $25,000. Elequin Capital LP acquired a new stake in shares of HubSpot in the fourth quarter worth $27,000. Larson Financial Group LLC raised its stake in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after acquiring an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after acquiring an additional 19 shares in the last quarter. Finally, Coppell Advisory Solutions LLC boosted its position in HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after purchasing an additional 22 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Stock Performance

The firm has a fifty day moving average of $584.93 and a 200-day moving average of $666.55. The stock has a market capitalization of $31.70 billion, a price-to-earnings ratio of 6,693.08, a P/E/G ratio of 41.44 and a beta of 1.78.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, 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.