HubSpot (NYSE:HUBS) Downgraded to “Hold” Rating by StockNews.com

StockNews.com lowered shares of HubSpot (NYSE:HUBS) from a buy rating to a hold rating in a research report report published on Tuesday morning.

A number of other equities research analysts have also recently weighed in on HUBS. Piper Sandler upped their price target on HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Morgan Stanley upped their price target on HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. upped their price target on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Stifel Nicolaus upped their price target on HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Canaccord Genuity Group upped their price target on HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $863.96.

HubSpot Trading Down 0.5 %

Shares of HUBS stock opened at $720.32 on Tuesday. The company has a market cap of $37.57 billion, a price-to-earnings ratio of 8,004.41, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. The stock has a 50 day simple moving average of $739.03 and a 200-day simple moving average of $637.48. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13.

HubSpot (NYSE:HUBS) last issued its earnings results 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 negative return on equity of 0.07% and a net margin of 0.17%. On average, equities analysts forecast that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lorrie M. Norrington sold 572 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $690.00, for a total value of $394,680.00. Following the completion of the transaction, the director now directly owns 1,697 shares in the company, valued at $1,170,930. This trade represents a 25.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,112 shares of company stock valued at $35,878,612. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HUBS. Norges Bank purchased a new position in HubSpot in the fourth quarter valued at about $420,345,000. Wellington Management Group LLP increased its position in shares of HubSpot by 52.2% during the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after acquiring an additional 480,796 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of HubSpot during the fourth quarter worth about $157,019,000. Wealthfront Advisers LLC increased its position in shares of HubSpot by 3,090.2% during the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock worth $93,049,000 after acquiring an additional 129,357 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of HubSpot during the fourth quarter worth about $79,135,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.