HubSpot (NYSE:HUBS) Trading Down 3.1% - What's Next?

HubSpot, Inc. (NYSE:HUBS - Get Free Report) shares were down 3.1% during trading on Wednesday . The company traded as low as $538.00 and last traded at $537.38. Approximately 251,489 shares traded hands during trading, a decline of 60% from the average daily volume of 622,369 shares. The stock had previously closed at $554.85.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HUBS. Macquarie started coverage on HubSpot in a research report on Monday, March 24th. They issued an "outperform" rating and a $730.00 price objective on the stock. Citigroup upped their price target on HubSpot from $750.00 to $759.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. BNP Paribas assumed coverage on shares of HubSpot in a report on Tuesday, April 22nd. They set an "outperform" rating and a $700.00 target price for the company. 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 report on Monday, June 9th. Finally, Scotiabank reduced their target price on HubSpot from $900.00 to $750.00 and set a "sector outperform" rating for the company in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, HubSpot currently has an average rating of "Moderate Buy" and a consensus target price of $766.71.

HubSpot Price Performance

The firm has a 50-day moving average of $598.03 and a 200-day moving average of $660.02. The stock has a market cap of $28.61 billion, a PE ratio of -1,206.62, a PEG ratio of 19.97 and a beta of 1.70.

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the sale, the insider now owns 525,687 shares in the company, valued at approximately $283,135,018.20. This represents a 1.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 680 shares of the firm's stock in a transaction dated 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 now owns 71,693 shares of the company's stock, valued at $43,015,800. This trade represents a 0.94% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,562 shares of company stock valued at $6,353,177. Corporate insiders own 4.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Elequin Capital LP bought a new stake in shares of HubSpot in the fourth quarter valued at about $27,000. Larson Financial Group LLC increased its position in shares of HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after purchasing an additional 27 shares in the last quarter. Coppell Advisory Solutions LLC raised its stake in HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after buying an additional 22 shares during the last quarter. Aster Capital Management DIFC Ltd raised its position in shares of HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after purchasing an additional 32 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of HubSpot by 130.8% during the first quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock valued at $34,000 after buying an additional 34 shares during 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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