Raymond James Downgrades HubSpot Inc to Outperform

Brokerage firm Raymond James Downgrades its rating on HubSpot Inc(HUBS). The shares have been rated Outperform. Previously, the analysts had a Strong Buy rating on the shares. The rating by the stock financial advisor at Raymond James was issued on Mar 21, 2017 in a research report to their Investors and Clients.

HubSpot Inc (HUBS) made into the market gainers list on Fridays trading session with the shares advancing 0.58% or 0.35 points. Due to strong positive momentum, the stock ended at $60.55, which is also near the day’s high of $61.35. The stock began the session at $60.75 and the volume stood at 1,54,639 shares. The 52-week high of the shares is $66.1 and the 52 week low is $39.01. The company has a current market capitalization of $2,189 M and it has 3,61,59,380 shares in outstanding.

HubSpot Inc(HUBS) last announced its earnings results on Feb 14, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $76.444M. Analysts had an estimated revenue of $74.260M. Earnings per share were $-0.13. Analysts had estimated an EPS of $-0.2.

Several Insider Transactions has been reported to the SEC. On Mar 17, 2017, John P. Kelleher (General Counsel) sold 5,697 shares at $65.00 per share price.Also, On Mar 15, 2017, Dharmesh Shah (Chief Technology Officer) sold 17,600 shares at $62.02 per share price.On Mar 3, 2017, Hunter Madeley (Chief Sales Officer) sold 1,000 shares at $60.30 per share price, according to the Form-4 filing with the securities and exchange commission.

HubSpot Inc. (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications which include social media search engine optimization blogging Website content management marketing automation email CRM analytics and reporting. HubSpot’s platform is a multi-tenant single code-based software-as-a-service delivered through Web browsers or mobile applications. HubSpot offers applications which include Content Optimization System (COS) Search Engine Optimization (SEO) Social Inbox Marketing Automation and Email Sidekick CRM Sync HubSpot CRM and Reporting and Analytics. The Company sells three product plans which include HubSpot Basic HubSpot Pro and HubSpot Enterprise. HubSpot offers professional services and support over the phone and via Web meeting technology.

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