HubSpot (NYSE:HUBS) Stock Price Down 5.2% - Time to Sell?

Key Points

• HubSpot's stock price has decreased by 5.2%, trading at approximately $439.38, amidst significantly lower trading volume.
• Analysts have reduced their target prices for HubSpot shares, with a consensus rating of Moderate Buy and an average price target of $723.11.
• HubSpot recently reported a 19.4% year-over-year increase in revenue, with quarterly earnings of $2.19 per share, surpassing analyst expectations.

HubSpot, Inc. (NYSE:HUBS - Get Free Report) was down 5.2% on Tuesday . The stock traded as low as $446.38 and last traded at $439.38. Approximately 168,986 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 764,846 shares. The stock had previously closed at $463.59.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HUBS shares. Canaccord Genuity Group decreased their target price on HubSpot from $765.00 to $700.00 and set a "buy" rating for the company in a report on Thursday, August 7th. Raymond James Financial cut their price target on shares of HubSpot from $825.00 to $655.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. Citigroup decreased their target price on shares of HubSpot from $700.00 to $650.00 and set a "buy" rating for the company in a research note on Friday, August 8th. JPMorgan Chase & Co. dropped their price target on shares of HubSpot from $775.00 to $675.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Finally, Wall Street Zen cut HubSpot from a "buy" rating to a "hold" rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $723.11.

HubSpot Stock Down 5.6%

The stock has a market cap of $23.07 billion, a P/E ratio of -1,899.03, a P/E/G ratio of 15.58 and a beta of 1.58. The company's 50 day moving average price is $481.34 and its two-hundred day moving average price is $543.32.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, beating the consensus estimate of $2.12 by $0.07. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The firm had revenue of $760.87 million for the quarter, compared to analyst estimates of $739.94 million. During the same quarter last year, the firm posted $1.94 earnings per share. The business's revenue for the quarter was up 19.4% on a year-over-year basis. As a group, equities research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Activity at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 17,253 shares of HubSpot stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $500.66, for a total transaction of $8,637,886.98. Following the completion of the sale, the chief technology officer owned 1,275,805 shares of the company's stock, valued at approximately $638,744,531.30. The trade was a 1.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total value of $3,823,640.00. Following the completion of the transaction, the director owned 522,435 shares of the company's stock, valued at approximately $235,012,160.40. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,096 shares of company stock worth $24,062,137. 4.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HUBS. Assenagon Asset Management S.A. boosted its stake in shares of HubSpot by 58.8% in the third quarter. Assenagon Asset Management S.A. now owns 26,968 shares of the software maker's stock worth $12,616,000 after buying an additional 9,987 shares during the last quarter. Union Bancaire Privee UBP SA boosted its holdings in HubSpot by 34.7% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 2,629 shares of the software maker's stock worth $1,361,000 after buying an additional 677 shares during the last quarter. Oak Thistle LLC increased its stake in HubSpot by 26.2% during the 3rd quarter. Oak Thistle LLC now owns 5,038 shares of the software maker's stock worth $2,357,000 after buying an additional 1,046 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in shares of HubSpot by 2.9% during the second quarter. Orion Porfolio Solutions LLC now owns 1,784 shares of the software maker's stock worth $994,000 after purchasing an additional 51 shares in the last quarter. Finally, State of Wyoming raised its stake in HubSpot by 1,600.0% in the 2nd quarter. State of Wyoming now owns 102 shares of the software maker's stock valued at $57,000 after purchasing an additional 96 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Company Profile

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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