HubSpot (NYSE:HUBS) Stock Price Down 4.6%

HubSpot, Inc. (NYSE:HUBS)’s stock price traded down 4.6% during mid-day trading on Monday . The company traded as low as $685.89 and last traded at $698.21. 2,105 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 473,368 shares. The stock had previously closed at $732.14.

A number of research analysts recently issued reports on the stock. Needham & Company LLC raised their target price on shares of HubSpot from $600.00 to $680.00 and gave the company a “buy” rating in a research note on Thursday, August 5th. Stifel Nicolaus raised their target price on shares of HubSpot from $565.00 to $600.00 and gave the company a “buy” rating in a research note on Wednesday, July 21st. Canaccord Genuity raised their target price on shares of HubSpot from $580.00 to $685.00 and gave the company a “buy” rating in a research note on Thursday, August 5th. Truist Securities raised their target price on shares of HubSpot from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, August 5th. Finally, Stifel Europe raised their target price on shares of HubSpot from $650.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, September 7th. Nineteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $659.73.

The business’s fifty day moving average price is $655.53 and its 200 day moving average price is $566.56. The company has a market capitalization of $32.83 billion, a P/E ratio of -373.85 and a beta of 1.69. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.46.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, August 4th. The software maker reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.11. HubSpot had a negative net margin of 7.98% and a negative return on equity of 7.35%. The firm had revenue of $310.80 million during the quarter, compared to the consensus estimate of $296.01 million. During the same period last year, the firm posted $0.30 EPS. The firm’s quarterly revenue was up 52.7% on a year-over-year basis. Equities research analysts anticipate that HubSpot, Inc. will post -1.5 EPS for the current year.

In other HubSpot news, CFO Kathryn Bueker sold 600 shares of the firm’s stock in a transaction dated Wednesday, July 7th. The shares were sold at an average price of $610.00, for a total value of $366,000.00. Following the completion of the sale, the chief financial officer now owns 38,148 shares in the company, valued at approximately $23,270,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Yamini Rangan sold 2,106 shares of the firm’s stock in a transaction dated Friday, July 2nd. The shares were sold at an average price of $592.00, for a total transaction of $1,246,752.00. Following the completion of the sale, the insider now owns 47,123 shares of the company’s stock, valued at approximately $27,896,816. The disclosure for this sale can be found here. Insiders have sold a total of 26,346 shares of company stock valued at $16,279,162 over the last three months. 8.30% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of HUBS. Parkside Financial Bank & Trust grew its position in shares of HubSpot by 4,600.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 47 shares of the software maker’s stock worth $28,000 after buying an additional 46 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of HubSpot during the 2nd quarter worth approximately $29,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of HubSpot during the 2nd quarter worth approximately $37,000. Quadrant Capital Group LLC grew its position in shares of HubSpot by 44.2% during the 1st quarter. Quadrant Capital Group LLC now owns 111 shares of the software maker’s stock worth $50,000 after buying an additional 34 shares during the period. Finally, Huntington National Bank grew its position in shares of HubSpot by 21.9% during the 2nd quarter. Huntington National Bank now owns 128 shares of the software maker’s stock worth $75,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 89.74% of the company’s stock.

HubSpot Company Profile (NYSE:HUBS)

HubSpot, Inc develops Internet marketing software solutions. The firm operates through the following geographical segments: Americas, Europe and Asia Pacific. The company was founded by Brian Patrick Halligan and Dharmesh Shah on April 4, 2005 and is headquartered in Cambridge, MA.

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