HubSpot (NYSE:HUBS) Shares Gap Down – Should You Sell?

Shares of HubSpot, Inc. (NYSE:HUBS) gapped down prior to trading on Monday . The stock had previously closed at $233.50, but opened at $225.00. HubSpot shares last traded at $217.1110, with a volume of 279,547 shares.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HUBS. Canaccord Genuity Group set a $485.00 price objective on shares of HubSpot in a research note on Thursday, February 12th. The Goldman Sachs Group lowered their target price on shares of HubSpot from $517.00 to $442.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Zacks Research upgraded shares of HubSpot from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Piper Sandler decreased their price objective on HubSpot from $400.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Finally, Morgan Stanley reissued an “overweight” rating on shares of HubSpot in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $452.70.

HubSpot Price Performance

The company has a market cap of $11.63 billion, a P/E ratio of 254.07, a PEG ratio of 3.46 and a beta of 1.45. The business’s 50 day moving average price is $323.59 and its 200-day moving average price is $401.55.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The firm had revenue of $846.75 million during the quarter, compared to analysts’ expectations of $830.65 million. During the same period last year, the firm posted $2.32 EPS. The business’s revenue was up 20.4% on a year-over-year basis. As a group, research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Transactions at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the firm’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 transaction, the director owned 487,344 shares in the company, valued at $147,850,422.72. This trade represents 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 available at the SEC website. Also, insider Erika Ashley Fisher sold 841 shares of HubSpot stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total value of $200,166.41. Following the completion of the sale, the insider owned 10,119 shares of the company’s stock, valued at approximately $2,408,423.19. The trade was a 7.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 26,691 shares of company stock valued at $8,136,702 over the last ninety days. 4.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HUBS. Strategic Advocates LLC acquired a new stake in shares of HubSpot during the third quarter worth $25,000. Turning Point Benefit Group Inc. bought a new stake in shares of HubSpot in the third quarter valued at about $25,000. Goodman Advisory Group LLC acquired a new position in shares of HubSpot during the second quarter worth about $27,000. Exane Asset Management bought a new position in shares of HubSpot during the third quarter worth about $30,000. Finally, Rakuten Securities Inc. raised its position in HubSpot by 783.3% in the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Company Profile

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.