HubSpot (NYSE:HUBS) Cut to “Hold” at StockNews.com

StockNews.com cut shares of HubSpot (NYSE:HUBS) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

A number of other analysts also recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. UBS Group upgraded HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th. Truist Financial reiterated a “buy” rating and issued a $900.00 price target (up previously from $750.00) on shares of HubSpot in a research note on Thursday, February 13th. Barclays reissued an “equal weight” rating on shares of HubSpot in a report on Thursday, February 13th. Finally, Scotiabank raised their price objective on HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and an average target price of $863.96.

HubSpot Trading Down 1.6 %

HubSpot stock opened at $712.63 on Tuesday. The company has a market capitalization of $37.17 billion, a price-to-earnings ratio of 7,919.00, a PEG ratio of 41.44 and a beta of 1.72. The stock’s 50 day moving average is $739.58 and its 200-day moving average is $638.60. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities research analysts predict that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the completion of the sale, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $374,819,745.70. The trade was a 1.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the transaction, the chief executive officer now owns 54,079 shares in the company, valued at $37,941,285.61. The trade was a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,112 shares of company stock worth $35,878,612. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On HubSpot

A number of hedge funds have recently modified their holdings of HUBS. Farther Finance Advisors LLC boosted its holdings in shares of HubSpot by 5.4% during the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock worth $178,000 after purchasing an additional 13 shares during the period. Wedbush Securities Inc. lifted its holdings in HubSpot by 3.4% in the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock worth $274,000 after buying an additional 13 shares during the period. First Horizon Advisors Inc. grew its position in shares of HubSpot by 2.4% in the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock worth $445,000 after buying an additional 15 shares during the last quarter. Amalgamated Bank increased its stake in shares of HubSpot by 0.5% during the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock valued at $2,271,000 after buying an additional 16 shares during the period. Finally, Avitas Wealth Management LLC raised its holdings in shares of HubSpot by 0.8% during the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock valued at $1,420,000 after acquiring an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.