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

HubSpot (NYSE:HUBS - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Tuesday.

Several other equities research analysts also recently commented on the company. Scotiabank increased their price objective on HubSpot from $825.00 to $900.00 and gave the company a "sector outperform" rating in a report on Thursday, February 13th. Needham & Company LLC increased their price target on shares of HubSpot from $730.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Piper Sandler boosted their price objective on shares of HubSpot from $640.00 to $808.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Bank of America upped their target price on shares of HubSpot from $780.00 to $850.00 and gave the company a "buy" rating in a report on Monday, December 16th. Finally, William Blair reiterated an "outperform" rating on shares of HubSpot in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, HubSpot has an average rating of "Moderate Buy" and a consensus price target of $863.96.

HubSpot Price Performance

HUBS stock traded up $11.27 during midday trading on Tuesday, hitting $724.46. The company's stock had a trading volume of 586,082 shares, compared to its average volume of 504,687. The company's fifty day moving average price is $739.69 and its 200 day moving average price is $640.38. HubSpot has a twelve month low of $434.84 and a twelve month high of $881.13. The stock has a market capitalization of $37.78 billion, a P/E ratio of 8,050.45, a PEG ratio of 41.44 and a beta of 1.72.

HubSpot (NYSE:HUBS - Get Free Report) last released 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 net margin of 0.17% and a negative return on equity of 0.07%. Equities analysts expect that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 115 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 in the company, valued at $43,668,958.41. This represents a 0.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the sale, the chief technology officer now owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. This represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,112 shares of company stock worth $35,878,612. 4.50% of the stock is currently owned by insiders.

Institutional Trading of HubSpot

Institutional investors and hedge funds have recently modified their holdings of the company. Park Square Financial Group LLC purchased a new stake in HubSpot during the 4th quarter valued at $219,000. Menard Financial Group LLC purchased a new position in shares of HubSpot in the 4th quarter valued at $404,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of HubSpot during the fourth quarter valued at about $32,682,000. American Trust acquired a new stake in HubSpot in the fourth quarter valued at approximately $216,000. Finally, Mackenzie Financial Corp increased its position in HubSpot by 15.8% during the 4th quarter. Mackenzie Financial Corp now owns 2,830 shares of the software maker's stock valued at $1,972,000 after buying an additional 386 shares in the last quarter. 90.39% of the stock is currently owned by 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.