HubSpot (NYSE:HUBS) Shares Gap Down – Here’s Why

HubSpot, Inc. (NYSE:HUBS)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $233.50, but opened at $225.00. HubSpot shares last traded at $217.1110, with a volume of 279,547 shares.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HUBS shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of HubSpot in a research report on Friday, January 9th. Barclays cut their price objective on shares of HubSpot from $525.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Zacks Research raised HubSpot from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, February 17th. BTIG Research lowered their price target on HubSpot from $500.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Finally, Citigroup boosted their price target on HubSpot from $600.00 to $640.00 and gave the company a “buy” rating in a report on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $452.70.

HubSpot Stock Performance

The firm has a market cap of $11.63 billion, a price-to-earnings ratio of 254.07, a PEG ratio of 3.46 and a beta of 1.45. The stock’s fifty day moving average is $323.59 and its two-hundred day moving average is $401.55.

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

Insider Buying and Selling at HubSpot

In other news, insider Erika Ashley Fisher sold 841 shares of HubSpot 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 directly owned 10,119 shares of the company’s stock, valued at $2,408,423.19. This trade represents a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brian Halligan sold 8,261 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $253.00, for a total transaction of $2,090,033.00. Following the completion of the transaction, the director directly owned 481,168 shares of the company’s stock, valued at $121,735,504. This represents a 1.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 26,691 shares of company stock valued at $8,136,702. Corporate insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its position in shares of HubSpot by 23.7% during the third quarter. Thrivent Financial for Lutherans now owns 23,789 shares of the software maker’s stock valued at $11,128,000 after buying an additional 4,559 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in HubSpot in the 3rd quarter valued at approximately $48,548,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in HubSpot by 19.2% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,533 shares of the software maker’s stock valued at $5,306,000 after acquiring an additional 1,533 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of HubSpot by 34.9% in the 3rd quarter. Nordea Investment Management AB now owns 21,638 shares of the software maker’s stock worth $10,148,000 after acquiring an additional 5,595 shares during the period. Finally, Triasima Portfolio Management inc. bought a new stake in shares of HubSpot during the third quarter valued at approximately $2,079,000. 90.39% of the stock is owned by institutional investors and hedge funds.

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.