HubSpot (NYSE:HUBS) Cut to “Hold” at StockNews.com

HubSpot (NYSE:HUBS) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

HUBS has been the subject of a number of other research reports. Bank of America increased their target price on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Needham & Company LLC increased their price objective on shares of HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Mizuho boosted their target price on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Wells Fargo & Company increased their price target on HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $863.96.

HubSpot Stock Performance

Shares of NYSE:HUBS traded down $3.42 during trading hours on Tuesday, hitting $720.32. The stock had a trading volume of 460,537 shares, compared to its average volume of 506,357. The stock’s fifty day simple moving average is $739.03 and its 200 day simple moving average is $637.48. The firm has a market capitalization of $37.57 billion, a price-to-earnings ratio of 8,004.41, a PEG ratio of 41.44 and a beta of 1.72. HubSpot has a 1-year low of $434.84 and a 1-year high of $881.13.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, research analysts anticipate that HubSpot will post 1.01 EPS for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total value of $6,202,025.00. Following the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at $374,819,745.70. This represents a 1.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the sale, the chief executive officer now owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,112 shares of company stock worth $35,878,612. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of HubSpot in the 4th quarter valued at $420,345,000. Wellington Management Group LLP raised its holdings in HubSpot by 52.2% during the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after buying an additional 480,796 shares in the last quarter. Raymond James Financial Inc. bought a new position in HubSpot during the fourth quarter valued at about $157,019,000. Wealthfront Advisers LLC boosted its stake in shares of HubSpot by 3,090.2% during the 4th 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 in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of HubSpot during the 4th quarter valued at about $79,135,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.