HubSpot (NYSE:HUBS) Price Target Cut to $635.00

HubSpot (NYSE:HUBS) had its price target reduced by analysts at BMO Capital Markets from $710.00 to $635.00 in a research note issued to investors on Thursday, Briefing.com reports. The brokerage currently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ price target suggests a potential upside of 7.73% from the company’s current price.

Several other analysts also recently weighed in on the stock. Stifel Nicolaus boosted their target price on shares of HubSpot from $700.00 to $750.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Scotiabank boosted their price target on HubSpot from $650.00 to $700.00 and gave the company a “sector outperform” rating in a research note on Friday, April 5th. Royal Bank of Canada raised their price objective on HubSpot from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Needham & Company LLC lifted their price objective on shares of HubSpot from $630.00 to $730.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, Truist Financial increased their price objective on shares of HubSpot from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and an average target price of $639.36.

HubSpot Stock Performance

Shares of HUBS stock opened at $589.43 on Thursday. HubSpot has a 12-month low of $407.23 and a 12-month high of $693.85. The business’s fifty day simple moving average is $628.65 and its 200-day simple moving average is $567.79. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35. The company has a market cap of $30.01 billion, a PE ratio of -166.04 and a beta of 1.57.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.22. The company had revenue of $581.91 million for the quarter, compared to analyst estimates of $557.48 million. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. Analysts expect that HubSpot will post -0.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 8,817 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $620.00, for a total value of $5,466,540.00. Following the transaction, the chief executive officer now owns 88,977 shares in the company, valued at $55,165,740. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Dawson Alyssa Harvey sold 1,086 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $618.25, for a total transaction of $671,419.50. Following the transaction, the insider now owns 7,783 shares of the company’s stock, valued at approximately $4,811,839.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Yamini Rangan sold 8,817 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $620.00, for a total transaction of $5,466,540.00. Following the sale, the chief executive officer now owns 88,977 shares of the company’s stock, valued at $55,165,740. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,393 shares of company stock worth $13,421,401. Insiders own 4.90% of the company’s stock.

Institutional Trading of HubSpot

Several hedge funds have recently made changes to their positions in HUBS. Cambridge Investment Research Advisors Inc. increased its stake in HubSpot by 72.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,390 shares of the software maker’s stock worth $1,177,000 after acquiring an additional 1,001 shares during the last quarter. Mackenzie Financial Corp boosted its stake in HubSpot by 79.6% during the third quarter. Mackenzie Financial Corp now owns 4,309 shares of the software maker’s stock worth $2,008,000 after buying an additional 1,910 shares during the period. Advisor Partners II LLC increased its position in shares of HubSpot by 20.0% during the third quarter. Advisor Partners II LLC now owns 1,885 shares of the software maker’s stock valued at $928,000 after acquiring an additional 314 shares during the last quarter. Park Avenue Securities LLC acquired a new position in shares of HubSpot in the 3rd quarter worth approximately $696,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of HubSpot by 50.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 116 shares of the software maker’s stock worth $57,000 after buying an additional 39 shares during the period. Hedge funds and other institutional investors 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.