HubSpot (NYSE:HUBS) Stock Price Down 5.7% – Time to Sell?

HubSpot, Inc. (NYSE:HUBS) shares dropped 5.7% on Friday . The company traded as low as $380.50 and last traded at $378.38. Approximately 76,301 shares traded hands during trading, a decline of 89% from the average daily volume of 671,234 shares. The stock had previously closed at $401.30.

Analyst Ratings Changes

HUBS has been the topic of a number of research reports. Piper Sandler reduced their target price on shares of HubSpot from $675.00 to $590.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Bank of America decreased their target price on HubSpot from $640.00 to $515.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Evercore ISI set a $500.00 price target on HubSpot in a research report on Thursday, November 6th. The Goldman Sachs Group decreased their price objective on HubSpot from $717.00 to $612.00 and set a “buy” rating for the company in a report on Friday, November 7th. Finally, Cantor Fitzgerald dropped their target price on shares of HubSpot from $775.00 to $500.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and an average price target of $613.45.

HubSpot Stock Performance

The stock’s 50-day simple moving average is $399.13 and its 200 day simple moving average is $464.80. The company has a market capitalization of $19.93 billion, a PE ratio of -4,760.73, a P/E/G ratio of 13.61 and a beta of 1.46.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.08. The company had revenue of $809.52 million for the quarter, compared to analysts’ expectations of $786.80 million. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.HubSpot’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period last year, the firm earned $2.18 earnings per share. On average, analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $500.00, for a total transaction of $307,500.00. Following the sale, the chief financial officer owned 38,794 shares in the company, valued at approximately $19,397,000. The trade was a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $366.99, for a total value of $3,119,415.00. Following the transaction, the director directly owned 496,308 shares in the company, valued at approximately $182,140,072.92. This trade represents a 1.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 28,502 shares of company stock valued at $11,559,565. 4.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HubSpot

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of HubSpot by 19.2% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,533 shares of the software maker’s stock valued at $5,306,000 after acquiring an additional 1,533 shares during the last quarter. Moody Lynn & Lieberson LLC increased its holdings in shares of HubSpot by 2,038.1% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,953 shares of the software maker’s stock worth $11,663,000 after buying an additional 19,973 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of HubSpot by 24.1% in the 2nd quarter. Los Angeles Capital Management LLC now owns 13,228 shares of the software maker’s stock worth $7,363,000 after buying an additional 2,569 shares during the period. Nordea Investment Management AB grew its holdings in shares of HubSpot by 74.4% during the 2nd quarter. Nordea Investment Management AB now owns 16,043 shares of the software maker’s stock worth $8,921,000 after purchasing an additional 6,846 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in HubSpot by 15.0% in the first quarter. Acadian Asset Management LLC now owns 5,059 shares of the software maker’s stock valued at $2,888,000 after buying an additional 660 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Company Profile

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.