HubSpot (NYSE:HUBS) Shares Gap Down to $570.99

HubSpot, Inc. (NYSE:HUBS) shares gapped down prior to trading on Tuesday . The stock had previously closed at $570.99, but opened at $559.11. HubSpot shares last traded at $567.48, with a volume of 25,334 shares changing hands.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Scotiabank raised their target price on HubSpot from $650.00 to $700.00 and gave the company a “sector outperform” rating in a report on Friday, April 5th. Stifel Nicolaus decreased their price target on HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $730.00 price target on shares of HubSpot in a research note on Thursday, May 9th. Canaccord Genuity Group decreased their price target on HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, Barclays cut their price objective on HubSpot from $600.00 to $575.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $641.00.

HubSpot Stock Down 1.6 %

The stock has a 50 day simple moving average of $611.24 and a two-hundred day simple moving average of $599.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.07 and a quick ratio of 2.07.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.27. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. The company had revenue of $617.41 million during the quarter, compared to analysts’ expectations of $597.12 million. On average, research analysts predict that HubSpot, Inc. will post -0.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 2,874 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $627.12, for a total transaction of $1,802,342.88. Following the transaction, the chief executive officer now owns 74,784 shares in the company, valued at approximately $46,898,542.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Kathryn Bueker sold 3,937 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the sale, the chief financial officer now owns 45,737 shares in the company, valued at approximately $28,197,317.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Yamini Rangan sold 2,874 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $627.12, for a total value of $1,802,342.88. Following the sale, the chief executive officer now owns 74,784 shares in the company, valued at approximately $46,898,542.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,353 shares of company stock valued at $12,845,623. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

A number of hedge funds and other institutional investors have recently bought and sold shares of HUBS. Riverview Trust Co acquired a new position in shares of HubSpot in the 1st quarter valued at about $27,000. Rakuten Securities Inc. acquired a new position in shares of HubSpot in the 4th quarter valued at about $29,000. Geneos Wealth Management Inc. raised its stake in HubSpot by 1,125.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after buying an additional 45 shares during the period. Venturi Wealth Management LLC raised its stake 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 period. Finally, Larson Financial Group LLC raised 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 worth $43,000 after buying an additional 69 shares during the period. Institutional investors own 90.39% of the company’s stock.

About HubSpot

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.