HubSpot (NYSE:HUBS) PT Lowered to $600.00

HubSpot (NYSE:HUBS) had its price target decreased by investment analysts at Canaccord Genuity Group from $700.00 to $600.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Canaccord Genuity Group’s price objective points to a potential upside of 26.95% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. UBS Group dropped their price objective on HubSpot from $640.00 to $580.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. TD Cowen dropped their price objective on HubSpot from $700.00 to $680.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. BMO Capital Markets dropped their price objective on HubSpot from $710.00 to $635.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective on the stock in a research note on Thursday. Finally, Mizuho dropped their price objective on HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Five equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $610.52.

HubSpot Stock Down 0.8 %

Shares of HUBS traded down $3.74 during trading hours on Thursday, reaching $472.61. The stock had a trading volume of 600,231 shares, compared to its average volume of 654,662. HubSpot has a 12 month low of $407.23 and a 12 month high of $693.85. The firm has a 50-day simple moving average of $536.09 and a 200 day simple moving average of $590.11. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $24.09 billion, a price-to-earnings ratio of -178.34 and a beta of 1.60.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. The company had revenue of $637.20 million for the quarter, compared to analysts’ expectations of $619.28 million. During the same period last year, the business earned ($1.17) EPS. HubSpot’s quarterly revenue was up 20.4% compared to the same quarter last year. Equities research analysts predict that HubSpot will post -0.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, insider Dawson Alyssa Harvey sold 192 shares of HubSpot stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $650.00, for a total transaction of $124,800.00. Following the completion of the transaction, the insider now owns 10,860 shares of the company’s stock, valued at approximately $7,059,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other HubSpot news, insider Dawson Alyssa Harvey sold 192 shares of HubSpot stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $650.00, for a total transaction of $124,800.00. Following the completion of the transaction, the insider now owns 10,860 shares of the company’s stock, valued at approximately $7,059,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 2,877 shares of HubSpot stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $1,705,485.60. Following the transaction, the chief executive officer now directly owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,875 shares of company stock valued at $26,879,025. 4.50% of the stock is owned by insiders.

Institutional Trading of HubSpot

A number of large investors have recently modified their holdings of HUBS. Wellington Management Group LLP boosted its position in shares of HubSpot by 50.3% during the 4th quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock valued at $1,088,119,000 after acquiring an additional 626,977 shares during the last quarter. Jennison Associates LLC lifted its position in HubSpot by 62.1% in the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock worth $988,406,000 after buying an additional 604,554 shares during the last quarter. Norges Bank bought a new stake in HubSpot in the 4th quarter worth approximately $311,236,000. Twin Focus Capital Partners LLC lifted its position in HubSpot by 92,828.2% in the 4th quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock worth $283,230,000 after buying an additional 487,348 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in HubSpot by 87.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 451,341 shares of the software maker’s stock worth $262,022,000 after buying an additional 210,138 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

About HubSpot

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.