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

Wall Street Zen downgraded shares of HubSpot (NYSE:HUBS - Free Report) from a buy rating to a hold rating in a research note published on Friday.

Several other analysts have also recently issued reports on HUBS. William Blair reaffirmed an "outperform" rating on shares of HubSpot in a research report on Thursday, February 13th. Morgan Stanley increased their target price on HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. UBS Group increased their target price on HubSpot from $675.00 to $820.00 and gave the company a "buy" rating in a research report on Friday, May 9th. BMO Capital Markets dropped their target price on HubSpot from $885.00 to $745.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Royal Bank of Canada increased their target price on HubSpot from $825.00 to $950.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $767.61.

HubSpot Stock Up 1.2%

NYSE:HUBS traded up $7.33 during midday trading on Friday, hitting $599.35. The stock had a trading volume of 525,055 shares, compared to its average volume of 614,310. HubSpot has a one year low of $434.84 and a one year high of $881.13. The company has a market capitalization of $31.61 billion, a price-to-earnings ratio of 6,660.13, a PEG ratio of 41.44 and a beta of 1.78. The stock has a 50-day moving average of $589.49 and a 200 day moving average of $669.30.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was 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 $320,283,502.84. This trade represents a 1.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 680 shares of the firm's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $600.00, for a total value of $408,000.00. Following the sale, the chief executive officer now owns 71,693 shares in the company, valued at $43,015,800. This trade represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,062 shares of company stock valued at $11,516,757. Company insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On HubSpot

A number of institutional investors have recently modified their holdings of HUBS. Elequin Capital LP acquired a new stake in shares of HubSpot during the 4th quarter valued at about $27,000. Larson Financial Group LLC grew its position in shares of HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after acquiring an additional 27 shares during the period. Coppell Advisory Solutions LLC grew its position in shares of HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after acquiring an additional 22 shares during the period. Aster Capital Management DIFC Ltd boosted its holdings in HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after buying an additional 32 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in HubSpot by 130.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock worth $34,000 after buying an additional 34 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.