HubSpot (NYSE:HUBS) Shares Down 3%

HubSpot, Inc. (NYSE:HUBS) fell 3% during mid-day trading on Wednesday . The stock traded as low as $611.81 and last traded at $612.81. 75,324 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 417,137 shares. The stock had previously closed at $632.03.

Analysts Set New Price Targets

Several brokerages have issued reports on HUBS. Evercore ISI raised their price objective on shares of HubSpot from $625.00 to $650.00 and gave the stock an “in-line” rating in a research note on Thursday, February 15th. Truist Financial raised their price objective on shares of HubSpot from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Barclays raised their price objective on shares of HubSpot from $475.00 to $600.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. TheStreet raised shares of HubSpot from a “d+” rating to a “c-” rating in a research note on Thursday, January 4th. Finally, BMO Capital Markets raised their price objective on shares of HubSpot from $540.00 to $710.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $628.50.

HubSpot Stock Performance

The company’s fifty day moving average is $610.89 and its 200-day moving average is $536.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.22. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. The company had revenue of $581.91 million for the quarter, compared to analyst estimates of $557.48 million. Sell-side analysts anticipate that HubSpot, Inc. will post -0.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction on Monday, March 4th. The shares were sold at an average price of $634.21, for a total value of $73,568.36. Following the transaction, the chief executive officer now directly owns 88,861 shares of the company’s stock, valued at $56,356,534.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $555.84, for a total transaction of $4,724,640.00. Following the sale, the insider now directly owns 536,811 shares of the company’s stock, valued at $298,381,026.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $634.21, for a total transaction of $73,568.36. Following the sale, the chief executive officer now directly owns 88,861 shares in the company, valued at $56,356,534.81. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,488 shares of company stock valued at $11,527,258. 4.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HubSpot

A number of large investors have recently made changes to their positions in the stock. HighPoint Advisor Group LLC purchased a new stake in shares of HubSpot during the fourth quarter valued at $428,000. PNC Financial Services Group Inc. lifted its position in HubSpot by 74.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the software maker’s stock valued at $2,117,000 after purchasing an additional 1,560 shares during the period. Vanguard Group Inc. lifted its position in HubSpot by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock valued at $2,781,013,000 after purchasing an additional 119,999 shares during the period. Wellington Management Group LLP lifted its position in HubSpot by 50.3% during the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock valued at $1,088,119,000 after purchasing an additional 626,977 shares during the period. Finally, Twin Focus Capital Partners LLC lifted its position in HubSpot by 92,828.2% during the fourth quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock valued at $283,230,000 after purchasing an additional 487,348 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.