HubSpot (NYSE:HUBS) Shares Down 6.5% – Here’s What Happened

HubSpot, Inc. (NYSE:HUBS) traded down 6.5% during trading on Tuesday . The company traded as low as $238.03 and last traded at $244.9090. 461,654 shares changed hands during trading, a decline of 73% from the average session volume of 1,723,911 shares. The stock had previously closed at $262.06.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Jefferies Financial Group decreased their target price on shares of HubSpot from $560.00 to $325.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Citigroup upped their price objective on HubSpot from $600.00 to $640.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Wall Street Zen raised HubSpot from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. BTIG Research dropped their target price on HubSpot from $500.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, The Goldman Sachs Group decreased their price target on HubSpot from $517.00 to $442.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $443.34.

HubSpot Stock Down 8.4%

The company’s 50 day simple moving average is $271.06 and its 200-day simple moving average is $373.11. The firm has a market cap of $12.66 billion, a P/E ratio of 275.66, a P/E/G ratio of 3.86 and a beta of 1.40.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.10. The firm had revenue of $846.75 million for the quarter, compared to the consensus estimate of $830.65 million. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.32 earnings per share. Equities research analysts predict that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Transactions at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total value of $2,578,730.00. Following the transaction, the director directly owned 487,344 shares in the company, valued at $147,850,422.72. This represents a 1.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 value of $200,166.41. Following the transaction, the insider owned 10,119 shares in the company, valued at $2,408,423.19. The trade was a 7.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 26,691 shares of company stock worth $7,250,662. Company insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in HubSpot by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock worth $2,683,659,000 after acquiring an additional 345,524 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of HubSpot by 36.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,581,922 shares of the software maker’s stock worth $1,838,727,000 after purchasing an additional 1,224,424 shares during the period. Pictet Asset Management Holding SA boosted its stake in shares of HubSpot by 32.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,935,587 shares of the software maker’s stock valued at $776,714,000 after purchasing an additional 476,740 shares in the last quarter. State Street Corp boosted its stake in shares of HubSpot by 3.7% during the fourth quarter. State Street Corp now owns 1,191,843 shares of the software maker’s stock valued at $478,287,000 after purchasing an additional 42,948 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in HubSpot by 117.6% during the fourth quarter. AQR Capital Management LLC now owns 1,188,981 shares of the software maker’s stock valued at $477,138,000 after buying an additional 642,545 shares during the period. 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.