HubSpot (NYSE:HUBS) Stock Rating Lowered by Wall Street Zen

HubSpot (NYSE:HUBS - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Sunday.

Several other brokerages have also issued reports on HUBS. Wells Fargo & Company reduced their price target on HubSpot from $700.00 to $675.00 and set an "overweight" rating for the company in a report on Monday, June 9th. BNP Paribas initiated coverage on HubSpot in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $700.00 price objective on the stock. Mizuho cut their price objective on HubSpot from $900.00 to $700.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. UBS Group raised their price objective on HubSpot from $675.00 to $820.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $900.00 price objective on shares of HubSpot in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $766.71.

HubSpot Stock Performance

HUBS stock opened at $552.68 on Friday. The stock has a market capitalization of $29.15 billion, a price-to-earnings ratio of 6,141.57, a PEG ratio of 41.44 and a beta of 1.70. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13. The stock's fifty day moving average is $596.64 and its two-hundred day moving average is $662.38.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the sale, the chief executive officer now directly owns 72,373 shares of the company's stock, valued at $41,536,312.16. This represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the sale, the insider now directly owns 527,233 shares in the company, valued at approximately $320,283,502.84. This trade represents a 1.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,062 shares of company stock valued at $11,516,757. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On HubSpot

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio bought a new stake in shares of HubSpot during the first quarter valued at about $10,569,000. Addison Capital Co raised its stake in HubSpot by 2.7% in the first quarter. Addison Capital Co now owns 4,046 shares of the software maker's stock valued at $2,311,000 after purchasing an additional 106 shares in the last quarter. Acadian Asset Management LLC raised its stake 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 purchasing an additional 660 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in HubSpot by 168.8% in the first quarter. Geneos Wealth Management Inc. now owns 172 shares of the software maker's stock valued at $98,000 after purchasing an additional 108 shares in the last quarter. Finally, IFM Investors Pty Ltd raised its stake in HubSpot by 5.3% in the first quarter. IFM Investors Pty Ltd now owns 9,729 shares of the software maker's stock valued at $5,558,000 after purchasing an additional 488 shares in the last quarter. 90.39% of the stock is currently 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.

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