HubSpot (NYSE:HUBS) Given New $720.00 Price Target at Truist Financial

HubSpot (NYSE:HUBS) had its target price reduced by Truist Financial from $900.00 to $720.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the software maker’s stock.

Several other research analysts have also commented on the company. Scotiabank raised their price target on HubSpot from $825.00 to $900.00 and gave the stock a “sector outperform” rating in a research report on Thursday, February 13th. William Blair reissued an “outperform” rating on shares of HubSpot in a research report on Thursday, February 13th. Stephens started coverage on shares of HubSpot in a report on Wednesday, March 19th. They issued an “overweight” rating and a $769.00 price objective for the company. Citigroup increased their target price on shares of HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group increased their price objective on HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $818.04.

HubSpot Stock Down 0.7 %

HUBS stock opened at $543.21 on Wednesday. HubSpot has a 52-week low of $434.84 and a 52-week high of $881.13. The business has a fifty day moving average of $638.06 and a two-hundred day moving average of $658.96. The stock has a market cap of $28.33 billion, a price-to-earnings ratio of 6,036.34, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, sell-side analysts anticipate that HubSpot will post 1.01 EPS for the current year.

Insider Buying and Selling

In related news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now owns 527,233 shares in the company, valued at $320,283,502.84. This trade represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Yamini Rangan sold 2,382 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the transaction, the chief executive officer now owns 72,373 shares in the company, valued at $41,536,312.16. The trade was a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,382 shares of company stock valued at $13,415,657 over the last three months. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HubSpot

A number of hedge funds and other institutional investors have recently bought and sold shares of HUBS. Wellington Management Group LLP increased its holdings in shares of HubSpot by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker’s stock valued at $1,029,262,000 after purchasing an additional 74,990 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of HubSpot by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker’s stock valued at $577,572,000 after acquiring an additional 9,922 shares during the period. Groupama Asset Managment boosted its stake in shares of HubSpot by 3.8% during the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker’s stock worth $506,412,000 after acquiring an additional 26,799 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of HubSpot by 18.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker’s stock worth $471,068,000 after acquiring an additional 104,800 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of HubSpot by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock worth $469,987,000 after acquiring an additional 24,799 shares during the period. Institutional investors and hedge funds 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.