HubSpot (NYSE:HUBS) Reaches New 12-Month Low – Time to Sell?

HubSpot, Inc. (NYSE:HUBS) hit a new 52-week low on Wednesday . The company traded as low as $344.31 and last traded at $349.0850, with a volume of 445412 shares trading hands. The stock had previously closed at $358.89.

Analysts Set New Price Targets

HUBS has been the topic of a number of recent research reports. Piper Sandler cut their target price on shares of HubSpot from $675.00 to $590.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Oppenheimer lowered their price objective on shares of HubSpot from $750.00 to $550.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of HubSpot in a report on Friday. BMO Capital Markets decreased their target price on shares of HubSpot from $550.00 to $465.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Finally, Stifel Nicolaus reduced their price objective on HubSpot from $600.00 to $550.00 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 given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and an average price target of $612.65.

HubSpot Stock Performance

The stock’s fifty day moving average price is $383.68 and its 200-day moving average price is $454.28. The firm has a market cap of $18.02 billion, a PE ratio of -4,300.31, a P/E/G ratio of 8.82 and a beta of 1.46.

HubSpot (NYSE:HUBS) last issued its earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.08. The company had revenue of $809.52 million during the quarter, compared to analysts’ expectations of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period last year, the company posted $2.18 earnings per share. Sell-side analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $366.99, for a total transaction of $3,119,415.00. Following the completion of the transaction, the director owned 496,308 shares in the company, valued at approximately $182,140,072.92. The trade was a 1.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 25,500 shares of company stock worth $10,058,565 in the last ninety days. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of HubSpot by 19.2% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,533 shares of the software maker’s stock valued at $5,306,000 after acquiring an additional 1,533 shares in the last quarter. Moody Lynn & Lieberson LLC increased its stake in HubSpot by 2,038.1% during the second quarter. Moody Lynn & Lieberson LLC now owns 20,953 shares of the software maker’s stock valued at $11,663,000 after purchasing an additional 19,973 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in HubSpot by 24.1% during the second quarter. Los Angeles Capital Management LLC now owns 13,228 shares of the software maker’s stock valued at $7,363,000 after purchasing an additional 2,569 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of HubSpot by 74.4% during the second quarter. Nordea Investment Management AB now owns 16,043 shares of the software maker’s stock worth $8,921,000 after purchasing an additional 6,846 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of HubSpot by 15.0% in the 1st quarter. Acadian Asset Management LLC now owns 5,059 shares of the software maker’s stock worth $2,888,000 after buying an additional 660 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.