HubSpot (NYSE:HUBS) Given New $600.00 Price Target at Stifel Nicolaus

HubSpot (NYSE:HUBS) had its price target trimmed by Stifel Nicolaus from $650.00 to $600.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

A number of other equities research analysts have also recently commented on the company. Raymond James Financial cut their target price on HubSpot from $825.00 to $655.00 and set an “outperform” rating on the stock in a research note on Thursday, August 7th. Truist Financial cut their target price on HubSpot from $720.00 to $675.00 and set a “buy” rating on the stock in a research note on Thursday, August 7th. JPMorgan Chase & Co. cut their target price on HubSpot from $775.00 to $675.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. BMO Capital Markets cut their target price on HubSpot from $650.00 to $600.00 and set an “outperform” rating on the stock in a research note on Thursday, August 7th. Finally, UBS Group reissued an “outperform” rating on shares of HubSpot in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $719.54.

HubSpot Stock Up 6.0%

Shares of HUBS stock opened at $478.65 on Tuesday. The stock has a market cap of $25.22 billion, a price-to-earnings ratio of -2,081.10, a PEG ratio of 15.57 and a beta of 1.58. The business’s fifty day moving average is $473.55 and its 200 day moving average is $533.63. HubSpot has a twelve month low of $418.34 and a twelve month high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.07. The company had revenue of $760.87 million for the quarter, compared to analysts’ expectations of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 earnings per share. Equities research analysts expect that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Dharmesh Shah sold 17,253 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $500.66, for a total transaction of $8,637,886.98. Following the transaction, the chief technology officer directly owned 1,275,805 shares of the company’s stock, valued at $638,744,531.30. This represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the completion of the sale, the director directly owned 522,435 shares of the company’s stock, valued at approximately $235,012,160.40. This trade represents a 1.60% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,598 shares of company stock valued at $20,947,042. Company insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Large investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its holdings in HubSpot by 481.5% in the first quarter. Private Trust Co. NA now owns 157 shares of the software maker’s stock valued at $90,000 after acquiring an additional 130 shares during the period. Moody Lynn & Lieberson LLC lifted its holdings in HubSpot by 2,038.1% in the second quarter. Moody Lynn & Lieberson LLC now owns 20,953 shares of the software maker’s stock valued at $11,663,000 after acquiring an additional 19,973 shares during the period. Acadian Asset Management LLC lifted its holdings in HubSpot by 15.0% in the first quarter. Acadian Asset Management LLC now owns 5,059 shares of the software maker’s stock valued at $2,888,000 after acquiring an additional 660 shares during the period. Principal Financial Group Inc. lifted its holdings in HubSpot by 4.6% in the first quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker’s stock valued at $16,427,000 after acquiring an additional 1,276 shares during the period. Finally, 111 Capital lifted its holdings in HubSpot by 83.4% in the second quarter. 111 Capital now owns 1,579 shares of the software maker’s stock valued at $879,000 after acquiring an additional 718 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.