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Why HubSpot Stock Fell 25% in March

TheMotleyFool

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Shares of HubSpot (NYSE: HUBS), the cloud-based customer relationship management company, dropped 25.8% in March, according to data provided by S&P Global Market Intelligence. As businesses of all sizes closed due to COVID-19, investors were concerned that HubSpot's software-as-a-service company would be negatively affected as well.

Many stocks have been pummeled over the past few weeks, leaving the S&P 500 down nearly 13% in March. But HubSpot's shares took an even sharper downward turn, likely because of the company's reliance on small- and medium-sized businesses.

Image source: Getty Images.

Source Fool.com

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