HubSpot (HUBS) Shares Gap Down to $171.87

HubSpot Inc (NYSE:HUBS) gapped down before the market opened on Thursday . The stock had previously closed at $180.24, but opened at $171.87. HubSpot shares last traded at $166.17, with a volume of 2823767 shares.

A number of research firms recently weighed in on HUBS. Bank of America boosted their price target on shares of HubSpot to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Royal Bank of Canada boosted their price target on shares of HubSpot from $138.00 to $147.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 8th. Stifel Nicolaus boosted their price target on shares of HubSpot from $160.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research reissued a “hold” rating on shares of HubSpot in a research note on Tuesday, November 13th. Finally, Oppenheimer reissued a “market perform” rating on shares of HubSpot in a research note on Thursday, January 24th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $170.29.

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The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.37. The company has a market cap of $6.39 billion, a P/E ratio of -162.91 and a beta of 1.92.

HubSpot (NYSE:HUBS) last issued its earnings results on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The firm had revenue of $144.02 million during the quarter, compared to the consensus estimate of $137.48 million. During the same quarter in the prior year, the firm earned $0.12 earnings per share. The business’s quarterly revenue was up 35.2% on a year-over-year basis. As a group, equities analysts predict that HubSpot Inc will post -0.97 earnings per share for the current fiscal year.

In related news, General Counsel John P. Kelleher sold 389 shares of the stock in a transaction on Monday, February 4th. The shares were sold at an average price of $160.54, for a total transaction of $62,450.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Halligan sold 15,277 shares of the stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $123.18, for a total transaction of $1,881,820.86. Following the transaction, the chief executive officer now owns 680,046 shares of the company’s stock, valued at approximately $83,768,066.28. The disclosure for this sale can be found here. Insiders have sold 46,763 shares of company stock valued at $6,156,940 in the last three months. 9.60% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the business. Metropolitan Life Insurance Co. NY increased its holdings in HubSpot by 361.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,767 shares of the software maker’s stock valued at $1,479,000 after buying an additional 9,219 shares during the period. Squarepoint Ops LLC bought a new position in HubSpot in the 4th quarter valued at about $598,000. 1832 Asset Management L.P. increased its holdings in HubSpot by 2,435.9% in the 4th quarter. 1832 Asset Management L.P. now owns 388,000 shares of the software maker’s stock valued at $47,549,000 after buying an additional 372,700 shares during the period. Lido Advisors LLC bought a new position in HubSpot in the 4th quarter valued at about $275,000. Finally, North Peak Capital Management LLC bought a new position in HubSpot in the 4th quarter valued at about $15,397,000. Hedge funds and other institutional investors own 93.19% of the company’s stock.

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HubSpot Company Profile (NYSE:HUBS)

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.

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