HubSpot (NYSE:HUBS) Price Target Cut to $325.00

HubSpot (NYSE:HUBSGet Rating) had its price target decreased by UBS Group from $390.00 to $325.00 in a report issued on Tuesday, Marketbeat.com reports. UBS Group currently has a neutral rating on the software maker’s stock.

A number of other analysts have also recently commented on the company. Mizuho cut their target price on HubSpot from $625.00 to $450.00 and set a buy rating on the stock in a research report on Friday, May 6th. The Goldman Sachs Group lowered their price target on HubSpot from $617.00 to $444.00 and set a buy rating on the stock in a report on Thursday, July 14th. JPMorgan Chase & Co. lowered their price target on HubSpot from $675.00 to $550.00 in a report on Friday, May 6th. Oppenheimer reissued an initiates rating on shares of HubSpot in a report on Wednesday, July 27th. Finally, Morgan Stanley lowered their price target on HubSpot from $539.00 to $436.00 and set an overweight rating on the stock in a report on Thursday, July 14th. Three analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $549.58.

HubSpot Stock Up 4.9 %

HUBS opened at $372.99 on Tuesday. The business’s 50-day simple moving average is $315.38 and its 200-day simple moving average is $396.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.25 and a current ratio of 2.25. HubSpot has a one year low of $257.21 and a one year high of $866.00. The stock has a market capitalization of $17.82 billion, a P/E ratio of -272.25 and a beta of 1.61.

HubSpot (NYSE:HUBSGet Rating) last posted its earnings results on Thursday, May 5th. The software maker reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.17. HubSpot had a negative return on equity of 7.33% and a negative net margin of 4.52%. The business had revenue of $395.60 million for the quarter, compared to analysts’ expectations of $383.05 million. During the same quarter in the previous year, the firm earned ($0.29) earnings per share. The business’s revenue was up 40.6% compared to the same quarter last year. Analysts anticipate that HubSpot will post -1.88 EPS for the current year.

Insider Buying and Selling

In related news, CTO Dharmesh Shah acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The stock was purchased at an average cost of $340.08 per share, for a total transaction of $3,400,800.00. Following the transaction, the chief technology officer now directly owns 1,511,447 shares of the company’s stock, valued at approximately $514,012,895.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $300.18, for a total value of $2,551,530.00. Following the completion of the transaction, the insider now directly owns 684,851 shares in the company, valued at approximately $205,578,573.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Dharmesh Shah purchased 10,000 shares of the business’s stock in a transaction on Tuesday, May 17th. The stock was acquired at an average price of $340.08 per share, with a total value of $3,400,800.00. Following the completion of the acquisition, the chief technology officer now directly owns 1,511,447 shares in the company, valued at approximately $514,012,895.76. The disclosure for this purchase can be found here. Insiders sold 23,500 shares of company stock worth $7,201,680 in the last ninety days. Insiders own 5.60% of the company’s stock.

Institutional Trading of HubSpot

A number of institutional investors and hedge funds have recently made changes to their positions in HUBS. Durable Capital Partners LP acquired a new stake in shares of HubSpot during the 1st quarter worth $283,913,000. Norges Bank acquired a new stake in shares of HubSpot during the 4th quarter worth $261,886,000. Clearbridge Investments LLC increased its holdings in shares of HubSpot by 33.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,128,424 shares of the software maker’s stock worth $535,934,000 after buying an additional 284,039 shares during the last quarter. TD Asset Management Inc. increased its holdings in shares of HubSpot by 134.6% during the 4th quarter. TD Asset Management Inc. now owns 389,830 shares of the software maker’s stock worth $256,956,000 after buying an additional 223,682 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of HubSpot by 378.7% during the 4th quarter. Millennium Management LLC now owns 152,461 shares of the software maker’s stock worth $100,495,000 after buying an additional 120,612 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

About HubSpot

(Get Rating)

HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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