HubSpot (NYSE:HUBS) Shares Break Below 200 Day Moving Average – Time to Sell?

HubSpot, Inc. (NYSE:HUBS)’s share price crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $231.50 and traded as low as $224.00. HubSpot shares last traded at $226.4260, with a volume of 1,450,655 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have commented on HUBS shares. Needham & Company LLC restated a “buy” rating and issued a $300.00 target price on shares of HubSpot in a research report on Tuesday, October 6th. JPMorgan Chase & Co. cut HubSpot from an “overweight” rating to a “neutral” rating and cut their price target for the company from $268.00 to $240.00 in a report on Thursday, October 8th. Weiss Ratings upgraded HubSpot from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, October 2nd. Stifel Nicolaus increased their price objective on HubSpot from $200.00 to $225.00 and gave the stock a “hold” rating in a report on Friday, September 11th. Finally, Barclays cut HubSpot from an “overweight” rating to an “equal weight” rating and set a $240.00 target price on the stock. in a research report on Monday, October 12th. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, HubSpot currently has an average rating of “Hold” and a consensus price target of $272.77.

HubSpot Stock Down 3.0%

The company has a 50 day moving average of $234.23 and a two-hundred day moving average of $231.50. The firm has a market cap of $11.29 billion, a P/E ratio of 80.01, a PEG ratio of 2.37 and a beta of 1.14.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, August 5th. The software maker reported $3.26 EPS for the quarter, topping the consensus estimate of $3.02 by $0.24. HubSpot had a net margin of 4.26% and a return on equity of 8.66%. The firm had revenue of $911.74 million for the quarter, compared to analysts’ expectations of $898.31 million. During the same period in the previous year, the business earned $2.19 earnings per share. HubSpot’s revenue for the quarter was up 19.8% compared to the same quarter last year. Research analysts expect that HubSpot, Inc. will post 4.63 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Gerald Dischler acquired 925 shares of the company’s stock in a transaction on Monday, August 10th. The shares were purchased at an average price of $215.93 per share, for a total transaction of $199,735.25. Following the purchase, the director owned 1,940 shares in the company, valued at $418,904.20. This represents a 91.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $239.57, for a total transaction of $2,036,345.00. Following the completion of the sale, the director owned 59,500 shares of the company’s stock, valued at approximately $14,254,415. The trade was a 12.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 25,500 shares of company stock valued at $5,990,035. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in shares of HubSpot by 69.7% during the third quarter. Brighton Jones LLC now owns 6,770 shares of the software maker’s stock worth $1,388,000 after acquiring an additional 2,780 shares in the last quarter. Cullinan Associates Inc. acquired a new stake in HubSpot during the third quarter valued at $266,000. Ethic Inc. grew its stake in HubSpot by 34.5% in the third quarter. Ethic Inc. now owns 2,475 shares of the software maker’s stock valued at $507,000 after purchasing an additional 635 shares in the last quarter. StoneX Group Inc. purchased a new position in HubSpot in the third quarter valued at about $190,000. Finally, Pictet Asset Management Holding SA grew its stake in HubSpot by 2.0% in the third quarter. Pictet Asset Management Holding SA now owns 1,689,478 shares of the software maker’s stock valued at $346,208,000 after purchasing an additional 33,728 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

About HubSpot

HubSpot, Inc is a cloud-based customer relationship management (CRM) platform provider serving businesses that want to attract, engage and retain customers. Its platform brings together tools for marketing, sales, customer service, content management, operations and commerce, helping organizations manage customer interactions across the customer lifecycle.

The company’s offerings include marketing automation, email marketing, lead generation, website and content management, sales pipeline and engagement tools, customer support and help-desk capabilities, reporting and analytics, and payment and commerce features.