HubSpot (NYSE:HUBS) Shares Gap Down – Here’s Why

HubSpot, Inc. (NYSE:HUBS)’s share price gapped down before the market opened on Monday . The stock had previously closed at $224.26, but opened at $215.68. HubSpot shares last traded at $220.8380, with a volume of 123,375 shares.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Mizuho reduced their price target on HubSpot from $300.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. The Goldman Sachs Group restated a “buy” rating and issued a $382.00 price objective on shares of HubSpot in a research report on Friday, May 8th. Citigroup cut shares of HubSpot from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $321.00 to $230.00 in a research note on Friday, May 8th. BNP Paribas Exane lowered shares of HubSpot from an “outperform” rating to a “neutral” rating and set a $210.00 target price for the company. in a report on Monday, May 11th. Finally, KeyCorp decreased their target price on shares of HubSpot from $340.00 to $290.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and an average target price of $308.32.

HubSpot Stock Up 2.2%

The company’s 50-day moving average price is $198.51 and its 200-day moving average price is $243.99. The firm has a market cap of $11.74 billion, a price-to-earnings ratio of 120.05, a price-to-earnings-growth ratio of 2.45 and a beta of 1.22.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Thursday, May 7th. The software maker reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.25. HubSpot had a net margin of 3.04% and a return on equity of 5.66%. The firm had revenue of $881.00 million during the quarter, compared to the consensus estimate of $863.32 million. During the same quarter in the prior year, the firm earned $1.84 EPS. The company’s revenue for the quarter was up 23.4% on a year-over-year basis. HubSpot has set its Q2 2026 guidance at 3.000-3.020 EPS and its FY 2026 guidance at 13.040-13.120 EPS. Analysts predict that HubSpot, Inc. will post 4.39 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $184.42, for a total transaction of $1,567,570.00. Following the completion of the transaction, the director owned 93,500 shares of the company’s stock, valued at $17,243,270. This represents a 8.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Dharmesh Shah bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average price of $181.37 per share, for a total transaction of $1,813,700.00. Following the transaction, the chief technology officer owned 1,295,400 shares of the company’s stock, valued at approximately $234,946,698. This represents a 0.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 14,063 shares of company stock worth $2,585,781 and sold 26,207 shares worth $5,567,244. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of HubSpot by 36.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,581,922 shares of the software maker’s stock worth $1,838,727,000 after buying an additional 1,224,424 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of HubSpot by 13.1% in the first quarter. Pictet Asset Management Holding SA now owns 2,188,191 shares of the software maker’s stock worth $533,993,000 after buying an additional 252,604 shares in the last quarter. State Street Corp lifted its stake in shares of HubSpot by 3.7% in the fourth quarter. State Street Corp now owns 1,191,843 shares of the software maker’s stock worth $478,287,000 after buying an additional 42,948 shares in the last quarter. AQR Capital Management LLC boosted its position in HubSpot by 117.6% during the fourth quarter. AQR Capital Management LLC now owns 1,188,981 shares of the software maker’s stock worth $477,138,000 after acquiring an additional 642,545 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in HubSpot by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 971,712 shares of the software maker’s stock worth $388,917,000 after acquiring an additional 14,159 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

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.