HubSpot (NYSE:HUBS) Shares Down 3%

HubSpot, Inc. (NYSE:HUBS) shares traded down 3% on Wednesday . The company traded as low as $611.81 and last traded at $612.81. 75,324 shares traded hands during trading, a decline of 82% from the average session volume of 417,137 shares. The stock had previously closed at $632.03.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. TheStreet raised shares of HubSpot from a “d+” rating to a “c-” rating in a research report on Thursday, January 4th. Royal Bank of Canada raised their price target on shares of HubSpot from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Truist Financial raised their price target on shares of HubSpot from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Evercore ISI raised their price objective on shares of HubSpot from $625.00 to $650.00 and gave the stock an “in-line” rating in a report on Thursday, February 15th. Finally, Needham & Company LLC boosted their target price on shares of HubSpot from $630.00 to $730.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average price target of $628.50.

HubSpot Price Performance

The company has a 50 day moving average of $610.89 and a 200-day moving average of $536.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.22. The company had revenue of $581.91 million during the quarter, compared to analyst estimates of $557.48 million. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. Equities research analysts anticipate that HubSpot, Inc. will post -0.98 EPS for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 8,817 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $620.00, for a total transaction of $5,466,540.00. Following the sale, the chief executive officer now owns 88,977 shares in the company, valued at $55,165,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other HubSpot news, insider Dawson Alyssa Harvey sold 969 shares of HubSpot stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $610.00, for a total transaction of $591,090.00. Following the sale, the insider now directly owns 7,225 shares of the company’s stock, valued at approximately $4,407,250. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 8,817 shares of HubSpot stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $620.00, for a total value of $5,466,540.00. Following the sale, the chief executive officer now directly owns 88,977 shares in the company, valued at $55,165,740. The disclosure for this sale can be found here. Insiders have sold 19,488 shares of company stock worth $11,527,258 over the last 90 days. Corporate insiders own 4.90% of the company’s stock.

Institutional Trading of HubSpot

Several large investors have recently bought and sold shares of the company. Rakuten Securities Inc. bought a new stake in shares of HubSpot in the 4th quarter worth approximately $29,000. Quarry LP boosted its position in shares of HubSpot by 47.4% in the 4th quarter. Quarry LP now owns 56 shares of the software maker’s stock worth $33,000 after purchasing an additional 18 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of HubSpot by 335.7% in the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after purchasing an additional 47 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of HubSpot by 1,380.0% in the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock worth $43,000 after purchasing an additional 69 shares in the last quarter. Finally, Alta Advisers Ltd bought a new stake in shares of HubSpot in the 3rd quarter worth approximately $49,000. 90.39% of the stock is 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.