HubSpot (NYSE:HUBS) Hits New 1-Year Low – Here’s Why

HubSpot, Inc. (NYSE:HUBS)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $374.73 and last traded at $374.72, with a volume of 449591 shares trading hands. The stock had previously closed at $396.36.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Rothschild Redb cut shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Evercore ISI set a $500.00 price target on shares of HubSpot in a research note on Thursday, November 6th. Canaccord Genuity Group lowered their price objective on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Cantor Fitzgerald lowered their price target on HubSpot from $775.00 to $500.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Finally, Mizuho cut their price objective on shares of HubSpot from $700.00 to $550.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $620.41.

HubSpot Stock Down 1.7%

The business’s 50-day simple moving average is $461.44 and its two-hundred day simple moving average is $516.21. The stock has a market cap of $18.96 billion, a P/E ratio of -4,523.94, a price-to-earnings-growth ratio of 12.52 and a beta of 1.60.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, beating the consensus estimate 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%. HubSpot’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.18 earnings per share. Analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Dharmesh Shah sold 4,747 shares of HubSpot stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $501.60, for a total value of $2,381,095.20. Following the sale, the chief technology officer owned 1,271,058 shares in the company, valued at $637,562,692.80. The trade was a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brian Halligan sold 235 shares of HubSpot stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $493.30, for a total value of $115,925.50. Following the sale, the director directly owned 513,466 shares in the company, valued at approximately $253,292,777.80. The trade was a 0.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 42,598 shares of company stock valued at $20,933,617. 4.00% of the stock is owned by insiders.

Institutional Investors Weigh In On HubSpot

A number of large investors have recently made changes to their positions in HUBS. Goodman Advisory Group LLC bought a new stake in HubSpot during the second quarter valued at about $27,000. Whittier Trust Co. raised its holdings in shares of HubSpot by 136.4% during the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after acquiring an additional 30 shares in the last quarter. Rakuten Securities Inc. raised its position in shares of HubSpot by 783.3% during 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 in the last quarter. Turning Point Benefit Group Inc. purchased a new position in shares of HubSpot in the 3rd quarter worth approximately $25,000. Finally, Hilltop National Bank purchased a new stake in shares of HubSpot in the second quarter valued at $32,000. 90.39% of the stock is currently owned by institutional investors.

About HubSpot

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.