HubSpot (NYSE:HUBS) Rating Lowered to “Hold” at Wall Street Zen

HubSpot (NYSE:HUBS) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

A number of other equities research analysts have also recently commented on HUBS. Raymond James restated an “outperform” rating and set a $825.00 target price (down previously from $980.00) on shares of HubSpot in a research note on Friday, May 9th. JPMorgan Chase & Co. raised their target price on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Royal Bank of Canada raised their target price on shares of HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Stifel Nicolaus set a $750.00 target price on shares of HubSpot in a research note on Friday, April 25th. Finally, The Goldman Sachs Group decreased their target price on shares of HubSpot from $900.00 to $795.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Five investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $767.33.

HubSpot Trading Up 2.0%

NYSE HUBS opened at $589.93 on Friday. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13. The stock has a market cap of $31.11 billion, a price-to-earnings ratio of 6,555.51, a PEG ratio of 41.44 and a beta of 1.78. The company’s 50 day moving average is $589.71 and its two-hundred day moving average is $670.56.

Insider Transactions at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total value of $4,578,100.00. Following the sale, the insider now directly owns 525,687 shares in the company, valued at approximately $283,135,018.20. This trade represents a 1.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 680 shares of the firm’s stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the completion of the sale, the chief executive officer now owns 71,693 shares in the company, valued at $43,015,800. This represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,062 shares of company stock worth $11,516,757. Insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

A number of institutional investors have recently modified their holdings of the company. Strs Ohio bought a new stake in shares of HubSpot in the 1st quarter valued at about $10,569,000. Addison Capital Co boosted its holdings in shares of HubSpot by 2.7% in the 1st quarter. Addison Capital Co now owns 4,046 shares of the software maker’s stock valued at $2,311,000 after buying an additional 106 shares in the last quarter. Acadian Asset Management LLC boosted its holdings 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 valued at $2,888,000 after buying an additional 660 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of HubSpot by 168.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 172 shares of the software maker’s stock valued at $98,000 after buying an additional 108 shares in the last quarter. Finally, IFM Investors Pty Ltd boosted its holdings in shares of HubSpot by 5.3% in the 1st quarter. IFM Investors Pty Ltd now owns 9,729 shares of the software maker’s stock valued at $5,558,000 after buying an additional 488 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

HubSpot Company Profile

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.