HubSpot (NYSE:HUBS) Given New $720.00 Price Target at Truist Financial

HubSpot (NYSE:HUBS) had its price objective lowered by Truist Financial from $900.00 to $720.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

Other analysts have also issued reports about the company. Scotiabank raised their target price on HubSpot from $825.00 to $900.00 and gave the stock a “sector outperform” rating in a report on Thursday, February 13th. Raymond James lifted their target price on shares of HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Wells Fargo & Company boosted their target price on shares of HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. UBS Group upgraded shares of HubSpot from a “neutral” rating to a “buy” rating and dropped their price target for the company from $775.00 to $675.00 in a research report on Tuesday. Finally, Sanford C. Bernstein began coverage on shares of HubSpot in a research report on Thursday, March 20th. They issued a “market perform” rating and a $693.00 price objective for the company. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $818.04.

HubSpot Stock Down 0.9 %

Shares of NYSE HUBS opened at $538.98 on Wednesday. HubSpot has a 52 week low of $434.84 and a 52 week high of $881.13. The business’s 50 day moving average price is $627.88 and its 200 day moving average price is $659.10. The firm has a market cap of $28.11 billion, a P/E ratio of 5,989.35, a P/E/G ratio of 41.44 and a beta of 1.82.

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

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the transaction, the chief executive officer now owns 72,373 shares of the company’s stock, valued at $41,536,312.16. This represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the sale, the insider now owns 527,233 shares of the company’s stock, valued at approximately $320,283,502.84. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,882 shares of company stock worth $17,993,757. Insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

Several institutional investors have recently added to or reduced their stakes in HUBS. B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of HubSpot in the 4th quarter valued at $1,361,000. Oak Harvest Investment Services purchased a new position in shares of HubSpot in the fourth quarter valued at approximately $2,065,000. Donoghue Forlines LLC acquired a new position in shares of HubSpot in the fourth quarter valued at approximately $2,049,000. Mayflower Financial Advisors LLC purchased a new stake in HubSpot during the 4th quarter worth approximately $862,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in HubSpot by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,246 shares of the software maker’s stock worth $2,262,000 after buying an additional 49 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Company Profile

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.