HubSpot (NYSE:HUBS) Shares Up 8.2% – Here’s What Happened

Shares of HubSpot, Inc. (NYSE:HUBS) were up 8.2% during mid-day trading on Tuesday . The stock traded as high as $235.73 and last traded at $235.1960. Approximately 502,920 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 1,824,227 shares. The stock had previously closed at $217.36.

Analysts Set New Price Targets

Several brokerages have weighed in on HUBS. Cantor Fitzgerald dropped their price objective on HubSpot from $500.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Oppenheimer decreased their price target on HubSpot from $550.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Jefferies Financial Group cut their price objective on shares of HubSpot from $560.00 to $325.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Rothschild & Co Redburn lowered shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, KeyCorp dropped their target price on shares of HubSpot from $400.00 to $340.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $452.70.

HubSpot Stock Performance

The stock’s fifty day simple moving average is $315.03 and its two-hundred day simple moving average is $397.22. The stock has a market capitalization of $14.17 billion, a P/E ratio of 308.78, a price-to-earnings-growth ratio of 3.45 and a beta of 1.44.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The company had revenue of $846.75 million for the quarter, compared to analyst estimates of $830.65 million. During the same quarter in the previous year, the business earned $2.32 earnings per share. HubSpot’s revenue was up 20.4% compared to the same quarter last year. As a group, analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on 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. The trade was a 1.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Erika Ashley Fisher sold 841 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the transaction, the insider owned 10,119 shares in the company, valued at approximately $2,408,423.19. The trade was a 7.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 26,691 shares of company stock worth $8,136,702. 4.00% of the stock is owned by corporate insiders.

Institutional Trading of HubSpot

Hedge funds and other institutional investors have recently bought and sold shares of the company. Strategic Advocates LLC purchased a new position in shares of HubSpot during the 3rd quarter valued at $25,000. Turning Point Benefit Group Inc. bought a new stake in HubSpot during the third quarter valued at $25,000. Goodman Advisory Group LLC purchased a new position in HubSpot during the second quarter worth about $27,000. Exane Asset Management purchased a new position in HubSpot during the third quarter worth about $30,000. Finally, Rakuten Securities Inc. increased its stake in HubSpot by 783.3% in the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after acquiring an additional 47 shares during the last quarter. Institutional investors 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.