HubSpot (NYSE:HUBS) Price Target Lowered to $410.00 at Mizuho

HubSpot (NYSE:HUBSGet Rating) had its price target trimmed by Mizuho from $450.00 to $410.00 in a research note issued to investors on Friday, The Fly reports. The firm currently has a buy rating on the software maker’s stock.

HUBS has been the topic of a number of other research reports. The Goldman Sachs Group lowered their target price on shares of HubSpot from $617.00 to $444.00 and set a buy rating on the stock in a report on Thursday, July 14th. Raymond James reduced their price objective on shares of HubSpot from $700.00 to $500.00 and set a strong-buy rating for the company in a research report on Friday, May 6th. Jefferies Financial Group reduced their price objective on shares of HubSpot from $500.00 to $450.00 and set a buy rating for the company in a research report on Monday, May 23rd. KeyCorp reduced their price objective on shares of HubSpot from $461.00 to $410.00 and set an overweight rating for the company in a research report on Friday, July 22nd. Finally, Piper Sandler upped their price objective on shares of HubSpot from $350.00 to $415.00 and gave the stock an overweight rating in a research report on Friday. Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $549.58.

HubSpot Trading Up 4.9 %

HUBS opened at $372.99 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.25 and a quick ratio of 2.25. HubSpot has a fifty-two week low of $257.21 and a fifty-two week high of $866.00. The firm has a market capitalization of $17.82 billion, a PE ratio of -184.65 and a beta of 1.61. The company’s 50-day moving average is $315.38 and its 200 day moving average is $396.10.

HubSpot (NYSE:HUBSGet Rating) last posted its earnings results on Thursday, May 5th. The software maker reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.17. HubSpot had a negative net margin of 6.28% and a negative return on equity of 9.97%. The company had revenue of $395.60 million for the quarter, compared to analyst estimates of $383.05 million. During the same quarter in the prior year, the business posted ($0.29) EPS. The firm’s revenue was up 40.6% compared to the same quarter last year. As a group, research analysts predict that HubSpot will post -1.88 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $350.30, for a total transaction of $2,276,950.00. Following the sale, the insider now directly owns 695,751 shares in the company, valued at approximately $243,721,575.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CTO Dharmesh Shah bought 10,000 shares of the stock in a transaction on Tuesday, May 17th. The shares were acquired at an average cost of $340.08 per share, for a total transaction of $3,400,800.00. Following the purchase, 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 document filed with the SEC, which can be accessed through the SEC website. Also, insider Brian Halligan sold 6,500 shares of the stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $350.30, for a total transaction of $2,276,950.00. Following the completion of the sale, the insider now owns 695,751 shares in the company, valued at $243,721,575.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,500 shares of company stock worth $7,201,680. 5.60% of the stock is owned by corporate insiders.

Institutional Trading of HubSpot

Several institutional investors and hedge funds have recently bought and sold shares of the company. Arlington Partners LLC lifted its stake in HubSpot by 63.9% in the 1st quarter. Arlington Partners LLC now owns 59 shares of the software maker’s stock worth $28,000 after purchasing an additional 23 shares in the last quarter. Glassman Wealth Services raised its position in shares of HubSpot by 141.2% during the 4th quarter. Glassman Wealth Services now owns 41 shares of the software maker’s stock valued at $27,000 after buying an additional 24 shares in the last quarter. Kaizen Financial Strategies raised its position in shares of HubSpot by 7.5% during the 1st quarter. Kaizen Financial Strategies now owns 430 shares of the software maker’s stock valued at $204,000 after buying an additional 30 shares in the last quarter. Accredited Investors Inc. raised its position in shares of HubSpot by 7.1% during the 1st quarter. Accredited Investors Inc. now owns 468 shares of the software maker’s stock valued at $222,000 after buying an additional 31 shares in the last quarter. Finally, Huntington National Bank raised its position in shares of HubSpot by 29.5% during the 1st quarter. Huntington National Bank now owns 136 shares of the software maker’s stock valued at $65,000 after buying an additional 31 shares in the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Company Profile

(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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