HubSpot (NYSE:HUBS) Cut to "Hold" at 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 released on Friday morning.

HUBS has been the subject of a number of other reports. UBS Group increased their target price on shares of HubSpot from $675.00 to $820.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Redburn Atlantic started coverage on shares of HubSpot in a report on Wednesday, February 19th. They set a "buy" rating for the company. BMO Capital Markets dropped their target price on shares of HubSpot from $885.00 to $745.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Jefferies Financial Group dropped their target price on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Stephens started coverage on shares of HubSpot in a report on Wednesday, March 19th. They set an "overweight" rating and a $769.00 target price for the company. Five analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $767.33.

HubSpot Price Performance

NYSE HUBS traded up $11.68 during trading on Friday, hitting $589.93. 1,416,230 shares of the company's stock traded hands, compared to its average volume of 619,912. The stock has a fifty day moving average of $589.71 and a two-hundred day moving average of $670.77. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13. The firm has a market cap of $31.11 billion, a P/E ratio of 6,555.51, a PEG ratio of 41.44 and a beta of 1.78.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction on Wednesday, April 2nd. The stock was 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 trade represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total value of $4,578,100.00. Following the completion of the transaction, the insider now directly owns 525,687 shares of the company's stock, valued at approximately $283,135,018.20. This trade represents a 1.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,062 shares of company stock valued at $11,516,757. Corporate insiders own 4.50% of the company's stock.

Hedge Funds Weigh In On HubSpot

Hedge funds have recently bought and sold shares of the business. Elequin Capital LP purchased a new position in HubSpot in the 4th quarter worth about $27,000. Larson Financial Group LLC boosted its holdings in HubSpot by 168.8% in 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 during the last quarter. Coppell Advisory Solutions LLC boosted its holdings in HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after purchasing an additional 22 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its holdings in HubSpot by 213.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after purchasing an additional 32 shares during the last quarter. Finally, Bank of Jackson Hole Trust purchased a new stake in HubSpot in the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

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.