HubSpot, Inc. (NYSE:HUBS – Get Free Report)’s share price gapped down before the market opened on Friday after UBS Group lowered their price target on the stock from $640.00 to $580.00. The stock had previously closed at $489.77, but opened at $479.36. UBS Group currently has a neutral rating on the stock. HubSpot shares last traded at $477.22, with a volume of 131,344 shares changing hands.
HUBS has been the topic of several other reports. Canaccord Genuity Group dropped their price target on HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. TD Cowen dropped their target price on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Needham & Company LLC reiterated a “buy” rating and issued a $730.00 price target on shares of HubSpot in a research note on Thursday, May 9th. KeyCorp dropped their price objective on shares of HubSpot from $520.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company cut their price objective on shares of HubSpot from $750.00 to $650.00 and set an “overweight” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $633.69.
Insider Activity at HubSpot
In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $586.85, for a total transaction of $14,671,250.00. Following the completion of the sale, the chief technology officer now owns 1,348,929 shares in the company, valued at $791,618,983.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other HubSpot news, insider Dawson Alyssa Harvey sold 192 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total value of $124,800.00. Following the completion of the sale, the insider now directly owns 10,860 shares in the company, valued at $7,059,000. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $586.85, for a total value of $14,671,250.00. Following the transaction, the chief technology officer now directly owns 1,348,929 shares in the company, valued at $791,618,983.65. The disclosure for this sale can be found here. Insiders sold 46,491 shares of company stock worth $28,092,844 over the last three months. 4.50% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On HubSpot
Hedge funds have recently modified their holdings of the stock. Riverview Trust Co acquired a new stake in HubSpot during the 1st quarter worth about $27,000. Geneos Wealth Management Inc. boosted its position in HubSpot by 1,125.0% in the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after buying an additional 45 shares during the last quarter. Rakuten Securities Inc. acquired a new position in HubSpot in the 4th quarter worth approximately $29,000. Venturi Wealth Management LLC raised its position in HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after buying an additional 47 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in HubSpot by 1,380.0% during the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock valued at $43,000 after acquiring an additional 69 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.
HubSpot Price Performance
The firm has a market capitalization of $24.28 billion, a PE ratio of -179.77 and a beta of 1.60. The firm’s fifty day moving average price is $587.56 and its 200 day moving average price is $602.23. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32.
HubSpot (NYSE:HUBS – Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.26) by $0.27. The company had revenue of $617.41 million for the quarter, compared to analyst estimates of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. As a group, equities analysts forecast that HubSpot, Inc. will post -0.55 earnings per share for the current year.
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.