HubSpot (NYSE:HUBS) Downgraded by Wall Street Zen to Hold

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.

Wall Street Zen lowered shares of HubSpot (NYSE:HUBS - Free Report) from a buy rating to a hold rating in a research report released on Saturday morning.

A number of other equities research analysts have also recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of HubSpot from $700.00 to $675.00 and set an "overweight" rating on the stock in a research note on Monday, June 9th. Raymond James Financial restated an "outperform" rating and set a $825.00 price objective (down from $980.00) on shares of HubSpot in a research note on Friday, May 9th. UBS Group lifted their target price on HubSpot from $675.00 to $820.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $900.00 target price on shares of HubSpot in a report on Friday, May 9th. Finally, Barclays reduced their target price on shares of HubSpot from $745.00 to $675.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Five investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $759.04.

HubSpot Price Performance

Shares of HUBS stock traded down $11.51 during trading hours on Friday, reaching $547.72. The stock had a trading volume of 655,457 shares, compared to its average volume of 709,335. HubSpot has a twelve month low of $434.84 and a twelve month high of $881.13. The firm has a 50-day simple moving average of $566.27 and a 200-day simple moving average of $624.60. The firm has a market capitalization of $28.89 billion, a PE ratio of -1,217.16, a price-to-earnings-growth ratio of 20.32 and a beta of 1.66.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 2,383 shares of HubSpot stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $1,314,915.57. Following the completion of the sale, the chief executive officer directly owned 63,918 shares in the company, valued at approximately $35,269,313.22. This trade represents a 3.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 615 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $339,350.85. Following the completion of the transaction, the chief financial officer owned 41,086 shares in the company, valued at approximately $22,670,843.94. This trade represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,998 shares of company stock worth $10,928,616. Insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On HubSpot

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wedbush Securities Inc. lifted its stake in shares of HubSpot by 3.4% in 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 last quarter. Venturi Wealth Management LLC lifted its stake in shares of HubSpot by 1.1% in 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 last quarter. WCM Investment Management LLC raised its position in HubSpot by 0.6% during the 1st quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker's stock worth $1,553,000 after purchasing an additional 17 shares during the last quarter. Yousif Capital Management LLC raised its position in HubSpot by 3.0% during the 1st quarter. Yousif Capital Management LLC now owns 662 shares of the software maker's stock worth $378,000 after purchasing an additional 19 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in HubSpot by 3.5% during the 1st quarter. Ballentine Partners LLC now owns 584 shares of the software maker's stock worth $334,000 after purchasing an additional 20 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

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.