HubSpot (NYSE:HUBS) Shares Gap Up – Should You Buy?

HubSpot, Inc. (NYSE:HUBS)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $590.67, but opened at $625.00. HubSpot shares last traded at $615.60, with a volume of 133,205 shares.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HUBS shares. Redburn Atlantic initiated coverage on shares of HubSpot in a report on Wednesday, February 19th. They set a “buy” rating for the company. Morgan Stanley lifted their price objective on HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. StockNews.com downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Stifel Nicolaus lifted their target price on shares of HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Raymond James upped their price target on shares of HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $863.96.

HubSpot Trading Down 2.0 %

The stock’s fifty day moving average price is $727.46 and its two-hundred day moving average price is $649.63. The stock has a market capitalization of $31.22 billion, a P/E ratio of 6,652.27, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In related news, Director Lorrie M. Norrington sold 572 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $690.00, for a total value of $394,680.00. Following the completion of the transaction, the director now directly owns 1,697 shares of the company’s stock, valued at $1,170,930. This represents a 25.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the transaction, the insider now owns 524,751 shares in the company, valued at $425,048,310. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,997 shares of company stock worth $35,796,526 over the last quarter. 4.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in HubSpot during the 3rd quarter valued at approximately $25,000. Elequin Capital LP purchased a new stake in shares of HubSpot in the fourth quarter worth $27,000. Larson Financial Group LLC increased its holdings in shares of HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after acquiring an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after purchasing an additional 19 shares during the last quarter. Finally, Coppell Advisory Solutions LLC boosted its stake in HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after purchasing an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.