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

HubSpot, Inc. (NYSE:HUBS) gapped down before the market opened on Monday. The stock had previously closed at $213.74, but opened at $199.00. HubSpot shares last traded at $199.9150, with a volume of 563,325 shares.

Analyst Upgrades and Downgrades

Several research firms recently commented on HUBS. KeyCorp dropped their price target on shares of HubSpot from $290.00 to $285.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Wolfe Research lowered shares of HubSpot from an “outperform” rating to a “peer perform” rating in a research note on Thursday, August 6th. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 target price on shares of HubSpot in a research report on Friday, September 18th. Wall Street Zen lowered HubSpot from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, FBN Securities initiated coverage on HubSpot in a report on Wednesday, September 23rd. They issued a “sector perform” rating and a $230.00 price target for the company. Fifteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, HubSpot has an average rating of “Hold” and an average price target of $270.61.

HubSpot Price Performance

The firm has a market capitalization of $10.10 billion, a PE ratio of 71.61, a P/E/G ratio of 2.24 and a beta of 1.18. The company’s fifty day simple moving average is $231.87 and its 200-day simple moving average is $221.30.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 5th. The software maker reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.24. HubSpot had a net margin of 4.26% and a return on equity of 8.66%. The business had revenue of $911.74 million during the quarter, compared to analysts’ expectations of $898.31 million. During the same quarter in the previous year, the company earned $2.19 earnings per share. The company’s quarterly revenue was up 19.8% on a year-over-year basis. HubSpot has set its FY 2026 guidance at 13.230-13.310 EPS and its Q3 2026 guidance at 3.250-3.270 EPS. Analysts forecast that HubSpot, Inc. will post 4.56 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Gerald Dischler acquired 925 shares of the business’s stock in a transaction on Monday, August 10th. The stock was bought at an average cost of $215.93 per share, for a total transaction of $199,735.25. Following the purchase, the director owned 1,940 shares in the company, valued at approximately $418,904.20. This represents a 91.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $245.64, for a total value of $2,087,940.00. Following the transaction, the director directly owned 68,000 shares of the company’s stock, valued at $16,703,520. The trade was a 11.11% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 26,202 shares of company stock worth $5,998,079. Insiders own 3.70% of the company’s stock.

Institutional Trading of HubSpot

Several large investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of HubSpot during the second quarter worth $631,386,000. Pictet Asset Management Holding SA raised its position 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 valued at $533,993,000 after buying an additional 252,604 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of HubSpot by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 971,712 shares of the software maker’s stock worth $388,917,000 after buying an additional 14,159 shares in the last quarter. Capital World Investors purchased a new position in shares of HubSpot in the fourth quarter worth about $259,930,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in HubSpot by 352.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 903,559 shares of the software maker’s stock worth $220,559,000 after acquiring an additional 703,706 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

About HubSpot

HubSpot, Inc develops cloud-based customer relationship management (CRM) and marketing software for businesses. Its platform is designed to help organizations attract prospects, manage customer interactions, close sales and provide ongoing service through an integrated set of tools.

The company’s products include Marketing Hub, Sales Hub, Service Hub, Content Hub, Operations Hub and Commerce Hub. These offerings support marketing automation, sales engagement, customer support, content management, data integration, payments and other commercial activities.