HubSpot, Inc. (NYSE:HUBS - Get Free Report)'s share price fell 4.6% on Thursday . The stock traded as low as $591.04 and last traded at $588.70. 236,989 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 616,032 shares. The stock had previously closed at $616.92.
Wall Street Analyst Weigh In
Several research firms recently commented on HUBS. Jefferies Financial Group cut their price objective on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. boosted their price target on HubSpot from $635.00 to $725.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Scotiabank decreased their price objective on HubSpot from $900.00 to $750.00 and set a "sector outperform" rating for the company in a report on Thursday, April 24th. KeyCorp raised HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 target price on the stock in a research report on Thursday, February 13th. Finally, Stephens began coverage on HubSpot in a research report on Wednesday, March 19th. They set an "overweight" rating and a $769.00 price target for the company. Five analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, HubSpot currently has a consensus rating of "Moderate Buy" and a consensus target price of $767.33.
Read Our Latest Stock Analysis on HUBS
HubSpot Trading Up 0.4%
The company has a market cap of $31.24 billion, a price-to-earnings ratio of 6,581.51, a PEG ratio of 41.44 and a beta of 1.78. The business's 50 day moving average price is $589.71 and its 200-day moving average price is $670.38.
Insider Transactions at HubSpot
In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the completion of the sale, the insider now owns 525,687 shares of the company's stock, valued at approximately $283,135,018.20. This trade represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 680 shares of the company's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the completion of the transaction, the chief executive officer now owns 71,693 shares in the company, valued at $43,015,800. This trade represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,062 shares of company stock worth $11,516,757 over the last quarter. Company insiders own 4.50% of the company's stock.
Institutional Trading of HubSpot
Several hedge funds and other institutional investors have recently bought and sold shares of HUBS. Price T Rowe Associates Inc. MD grew its holdings in shares of HubSpot by 17.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker's stock worth $2,805,070,000 after purchasing an additional 714,980 shares in the last quarter. Norges Bank acquired a new stake in shares of HubSpot in the 4th quarter valued at $420,345,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock worth $530,115,000 after acquiring an additional 251,853 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of HubSpot during the fourth quarter worth $157,019,000. Finally, Vanguard Group Inc. increased its holdings in HubSpot by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker's stock worth $2,997,407,000 after purchasing an additional 201,994 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.
About HubSpot
(
Get Free Report)
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.
Further Reading
Before you consider HubSpot, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HubSpot wasn't on the list.
While HubSpot currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
