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

Key Points

• HubSpot's stock was downgraded by Wall Street Zen from a "buy" to a "hold" rating, reflecting growing caution among analysts about the company's prospects.
• Several brokerages adjusted their price targets on HubSpot, with estimates ranging from $650.00 to $900.00, indicating mixed sentiments on the stock's future performance.
• Insider transactions revealed that HubSpot executives have sold shares, with Director Brian Halligan selling 8,500 shares for over $4.6 million, potentially signaling a lack of confidence in immediate stock price growth.

HubSpot (NYSE:HUBS - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

Several other brokerages have also recently weighed in on HUBS. Mizuho decreased their price objective on shares of HubSpot from $900.00 to $700.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Citigroup upped their price objective on shares of HubSpot from $750.00 to $759.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Oppenheimer upped their price objective on shares of HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. BMO Capital Markets decreased their price objective on shares of HubSpot from $735.00 to $650.00 and set an "outperform" rating on the stock in a research note on Friday, July 18th. Finally, Jefferies Financial Group decreased their price objective on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Five 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. According to data from MarketBeat, HubSpot has a consensus rating of "Moderate Buy" and a consensus target price of $759.04.

HubSpot Stock Up 1.4%

NYSE HUBS opened at $559.81 on Friday. The stock has a market cap of $29.52 billion, a P/E ratio of -1,244.03, a PEG ratio of 20.52 and a beta of 1.66. HubSpot has a twelve month low of $434.84 and a twelve month high of $881.13. The company's 50-day simple moving average is $569.90 and its 200 day simple moving average is $627.29.

Insider Transactions at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the transaction, the director directly owned 522,435 shares of the company's stock, valued at $283,718,775.45. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $339,350.85. Following the transaction, the chief financial officer directly owned 41,086 shares in the company, valued at approximately $22,670,843.94. This represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,998 shares of company stock valued at $10,928,616 over the last three months. 4.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HubSpot

Large investors have recently made changes to their positions in the stock. Elequin Capital LP bought a new stake in shares of HubSpot during the fourth quarter worth $27,000. Coppell Advisory Solutions LLC increased its position in shares of HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after acquiring an additional 22 shares in the last quarter. Aster Capital Management DIFC Ltd increased its position in shares of HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after acquiring an additional 32 shares in the last quarter. Colonial Trust Co SC increased its position in shares of HubSpot by 111.1% during the fourth quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock worth $40,000 after acquiring an additional 30 shares in the last quarter. Finally, Hilltop National Bank bought a new stake in shares of HubSpot during the second quarter worth $32,000. 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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