HubSpot (NYSE:HUBS) Stock Price Down 9.8% – What’s Next?

HubSpot, Inc. (NYSE:HUBS)’s share price fell 9.8% during trading on Tuesday . The stock traded as low as $250.76 and last traded at $247.32. 229,330 shares traded hands during trading, a decline of 81% from the average session volume of 1,185,918 shares. The stock had previously closed at $274.06.

Analyst Ratings Changes

Several research analysts have issued reports on HUBS shares. Truist Financial dropped their price objective on HubSpot from $675.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Citigroup restated a “buy” rating on shares of HubSpot in a research report on Monday, January 12th. JPMorgan Chase & Co. dropped their price target on HubSpot from $675.00 to $650.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Zacks Research lowered HubSpot from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Finally, Needham & Company LLC lowered their target price on HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $586.73.

HubSpot Price Performance

The firm has a market capitalization of $12.68 billion, a P/E ratio of -3,009.04, a P/E/G ratio of 6.65 and a beta of 1.45. The stock’s 50 day moving average is $362.89 and its two-hundred day moving average is $430.87.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.08. The business had revenue of $809.52 million during the quarter, compared to analysts’ expectations of $786.80 million. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.18 earnings per share. As a group, equities research analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Activity at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total value of $2,578,730.00. Following the completion of the transaction, the director directly owned 487,344 shares of the company’s stock, valued at approximately $147,850,422.72. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 25,500 shares of company stock valued at $8,827,080. 4.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

Several hedge funds have recently made changes to their positions in the business. Jennison Associates LLC boosted its position in HubSpot by 548.6% during the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock valued at $442,341,000 after purchasing an additional 672,158 shares during the last quarter. Norges Bank acquired a new stake in shares of HubSpot during the 2nd quarter worth about $269,941,000. Pictet Asset Management Holding SA boosted its holdings in shares of HubSpot by 32.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,935,587 shares of the software maker’s stock worth $776,714,000 after acquiring an additional 476,740 shares during the period. Vanguard Group Inc. grew its holdings in HubSpot by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock valued at $2,683,659,000 after buying an additional 345,524 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in HubSpot by 89.2% during the third quarter. AQR Capital Management LLC now owns 546,436 shares of the software maker’s stock worth $255,623,000 after acquiring an additional 257,577 shares during the period. 90.39% of the stock is owned by institutional investors.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.