HubSpot (NYSE:HUBS) Price Target Cut to $625.00

HubSpot (NYSE:HUBS) had its price target decreased by Oppenheimer from $725.00 to $625.00 in a research report report published on Monday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the software maker’s stock.

Several other research analysts have also recently commented on the stock. UBS Group decreased their target price on shares of HubSpot from $640.00 to $580.00 and set a neutral rating for the company in a research report on Friday, July 12th. Piper Sandler lowered their price target on HubSpot from $655.00 to $570.00 and set an overweight rating on the stock in a report on Friday, July 12th. Needham & Company LLC reaffirmed a buy rating and issued a $730.00 price objective on shares of HubSpot in a report on Thursday, May 9th. BMO Capital Markets decreased their price target on HubSpot from $710.00 to $635.00 and set an outperform rating for the company in a research note on Thursday, May 9th. Finally, Citigroup dropped their price objective on HubSpot from $798.00 to $767.00 and set a buy rating on the stock in a research note on Friday, May 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $633.88.

HubSpot Trading Down 3.1 %

NYSE HUBS opened at $473.33 on Monday. The company has a market capitalization of $24.12 billion, a price-to-earnings ratio of -178.61 and a beta of 1.60. The company’s fifty day moving average price is $568.33 and its two-hundred day moving average price is $597.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.07 and a quick ratio of 2.07. HubSpot has a 12 month low of $407.23 and a 12 month high of $693.85.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.27. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The firm had revenue of $617.41 million for the quarter, compared to analyst estimates of $597.12 million. As a group, research analysts predict that HubSpot will post -0.44 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the transaction, the insider now owns 518,152 shares of the company’s stock, valued at $244,707,645.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the transaction, the insider now directly owns 518,152 shares of the company’s stock, valued at $244,707,645.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kathryn Bueker sold 3,937 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $616.51, for a total value of $2,427,199.87. Following the completion of the sale, the chief financial officer now directly owns 45,737 shares of the company’s stock, valued at approximately $28,197,317.87. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,491 shares of company stock valued at $26,699,609. 4.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Riverview Trust Co acquired a new stake in shares of HubSpot in the first quarter valued at about $27,000. Geneos Wealth Management Inc. grew its holdings in HubSpot by 1,125.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after buying an additional 45 shares during the last quarter. Rakuten Securities Inc. bought a new position in HubSpot in the 4th quarter worth approximately $29,000. Venturi Wealth Management LLC lifted its holdings in shares of HubSpot by 335.7% during the fourth quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after buying an additional 47 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in HubSpot by 1,380.0% in the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock valued at $43,000 after purchasing an additional 69 shares during the period. 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.