HubSpot (NYSE:HUBS) Stock Price Down 4.7% - Here's Why

HubSpot, Inc. (NYSE:HUBS - Get Free Report) shares were down 4.7% during trading on Wednesday . The stock traded as low as $537.10 and last traded at $531.76. Approximately 399,742 shares traded hands during trading, a decline of 36% from the average daily volume of 625,666 shares. The stock had previously closed at $557.86.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HUBS. BMO Capital Markets decreased their target price on shares of HubSpot from $885.00 to $745.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Jefferies Financial Group reduced their price objective on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. The Goldman Sachs Group lowered their target price on HubSpot from $900.00 to $795.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Sanford C. Bernstein assumed coverage on HubSpot in a report on Thursday, March 20th. They set a "market perform" rating and a $693.00 target price on the stock. Finally, Macquarie began coverage on HubSpot in a research note on Monday, March 24th. They issued an "outperform" rating and a $730.00 price target for the company. Five investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of "Moderate Buy" and a consensus price target of $766.71.

HubSpot Stock Performance

The company's fifty day simple moving average is $600.41 and its two-hundred day simple moving average is $647.18. The stock has a market capitalization of $28.76 billion, a P/E ratio of -1,211.96, a PEG ratio of 20.23 and a beta of 1.66.

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 680 shares of HubSpot stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total transaction of $408,000.00. Following the completion of the sale, the chief executive officer owned 71,693 shares of the company's stock, valued at approximately $43,015,800. This trade represents a 0.94% 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, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were 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 directly owned 525,687 shares of the company's stock, valued at approximately $283,135,018.20. The trade was a 1.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,680 shares of company stock worth $9,644,355 in the last ninety days. 4.50% of the stock is owned by company insiders.

Institutional Trading of HubSpot

A number of institutional investors have recently bought and sold shares of HUBS. Farther Finance Advisors LLC boosted its stake in shares of HubSpot by 5.4% in the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock valued at $178,000 after buying an additional 13 shares during the period. Wedbush Securities Inc. lifted its position in shares of HubSpot by 3.4% during the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock valued at $274,000 after acquiring an additional 13 shares during the period. Venturi Wealth Management LLC lifted its position in shares of HubSpot by 1.1% during the 1st quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker's stock valued at $861,000 after acquiring an additional 16 shares during the period. Summit Global Investments increased its position in shares of HubSpot by 1.4% in the fourth quarter. Summit Global Investments now owns 1,275 shares of the software maker's stock worth $889,000 after purchasing an additional 17 shares during the period. Finally, WCM Investment Management LLC raised its stake in HubSpot by 0.6% in the first quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker's stock valued at $1,553,000 after purchasing an additional 17 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

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.

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