HubSpot (NYSE:HUBS) Trading Down 6.9% – Here’s What Happened

HubSpot, Inc. (NYSE:HUBS) shares traded down 6.9% on Tuesday . The stock traded as low as $229.15 and last traded at $228.1640. 636,087 shares were traded during mid-day trading, a decline of 61% from the average session volume of 1,635,581 shares. The stock had previously closed at $245.14.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of HubSpot from $517.00 to $442.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Bank of America started coverage on shares of HubSpot in a report on Tuesday, March 31st. They issued a “buy” rating and a $300.00 price target for the company. UBS Group reaffirmed an “overweight” rating on shares of HubSpot in a report on Thursday, February 12th. Oppenheimer decreased their price target on shares of HubSpot from $550.00 to $350.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Finally, Barclays decreased their price target on shares of HubSpot from $525.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $429.90.

HubSpot Price Performance

The stock’s fifty day simple moving average is $254.61 and its 200-day simple moving average is $354.87. The firm has a market cap of $11.93 billion, a PE ratio of 260.06, a PEG ratio of 3.39 and a beta of 1.44.

HubSpot (NYSE:HUBS) last posted 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 business had revenue of $846.75 million during the quarter, compared to analysts’ expectations of $830.65 million. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the company posted $2.32 earnings per share. Analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Buying and Selling at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the completion of the transaction, the director owned 487,344 shares of the company’s stock, valued at $147,850,422.72. This trade represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Erika Ashley Fisher sold 841 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the transaction, the insider directly owned 10,119 shares of the company’s stock, valued at approximately $2,408,423.19. This trade represents a 7.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 26,691 shares of company stock valued at $7,250,662. 4.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HUBS. Empowered Funds LLC raised its holdings in shares of HubSpot by 88.5% during the first quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock worth $897,000 after purchasing an additional 737 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of HubSpot by 32.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,109 shares of the software maker’s stock worth $617,000 after purchasing an additional 272 shares during the last quarter. Guggenheim Capital LLC raised its holdings in shares of HubSpot by 49.9% during the second quarter. Guggenheim Capital LLC now owns 3,428 shares of the software maker’s stock worth $1,908,000 after purchasing an additional 1,141 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of HubSpot by 4.1% during the second quarter. Brown Advisory Inc. now owns 15,640 shares of the software maker’s stock worth $8,706,000 after purchasing an additional 615 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in HubSpot by 8.4% in the second quarter. California Public Employees Retirement System now owns 84,089 shares of the software maker’s stock valued at $46,806,000 after buying an additional 6,530 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

About HubSpot

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.