HubSpot (NYSE:HUBS) Given "Buy" Rating at Needham & Company LLC

HubSpot (NYSE:HUBS - Get Free Report)'s stock had its "buy" rating reissued by analysts at Needham & Company LLC in a research report issued on Tuesday, Benzinga reports. They presently have a $300.00 price objective on the software maker's stock. Needham & Company LLC's price objective would indicate a potential upside of 37.95% from the stock's current price.

Other equities analysts also recently issued reports about the company. KeyCorp dropped their target price on HubSpot from $290.00 to $285.00 and set an "overweight" rating for the company in a research report on Thursday, August 6th. Truist Financial raised their target price on HubSpot from $230.00 to $275.00 and gave the stock a "buy" rating in a research note on Monday, September 21st. BMO Capital Markets raised their target price on HubSpot from $215.00 to $250.00 and gave the stock a "market perform" rating in a research note on Monday, September 21st. Weiss Ratings reaffirmed a "sell (d)" rating on shares of HubSpot in a research note on Monday, September 21st. Finally, Citigroup reduced their price target on shares of HubSpot from $217.00 to $210.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Fourteen research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, HubSpot currently has a consensus rating of "Hold" and a consensus price target of $270.61.

HubSpot Trading Down 1.4%

HubSpot stock traded down $3.14 during midday trading on Tuesday, reaching $217.47. The company's stock had a trading volume of 439,281 shares, compared to its average volume of 1,784,636. HubSpot has a 52 week low of $169.63 and a 52 week high of $497.96. The business has a 50-day moving average price of $231.59 and a 200-day moving average price of $219.04. The stock has a market cap of $10.84 billion, a PE ratio of 76.90, a price-to-earnings-growth ratio of 2.25 and a beta of 1.24.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, August 5th. The software maker reported $3.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.02 by $0.24. The firm had revenue of $911.74 million for the quarter, compared to analysts' expectations of $898.31 million. HubSpot had a return on equity of 8.66% and a net margin of 4.26%.The business's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.19 earnings per share. HubSpot has set its FY 2026 guidance at 13.230-13.310 EPS and its Q3 2026 guidance at 3.250-3.270 EPS. As a group, research analysts predict that HubSpot will post 4.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Brian Halligan sold 8,500 shares of the business's stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $221.09, for a total transaction of $1,879,265.00. Following the completion of the transaction, the director directly owned 85,000 shares in the company, valued at $18,792,650. The trade was a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Erika Fisher sold 702 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $235.22, for a total value of $165,124.44. Following the completion of the transaction, the insider owned 14,581 shares of the company's stock, valued at $3,429,742.82. The trade was a 4.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 26,202 shares of company stock worth $5,998,079 over the last ninety days. 3.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its position in HubSpot by 20.5% during the 3rd quarter. Versant Capital Management Inc now owns 370 shares of the software maker's stock valued at $76,000 after buying an additional 63 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of HubSpot by 13.0% in the 2nd quarter. Tidal Investments LLC now owns 6,307 shares of the software maker's stock worth $1,151,000 after purchasing an additional 726 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of HubSpot in the 2nd quarter worth $234,000. Engineers Gate Manager LP increased its holdings in shares of HubSpot by 58.8% in the 2nd quarter. Engineers Gate Manager LP now owns 68,704 shares of the software maker's stock worth $12,539,000 after purchasing an additional 25,441 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of HubSpot by 5.1% in the 2nd quarter. NewEdge Advisors LLC now owns 6,532 shares of the software maker's stock worth $1,192,000 after purchasing an additional 317 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

About HubSpot

HubSpot, Inc develops customer relationship management (CRM) software and related tools designed to help businesses attract, engage and retain customers. Its cloud-based platform brings together marketing, sales, customer service, content management, operations and commerce capabilities, allowing organizations to manage customer interactions across the business.

The company's products include tools for marketing automation, email marketing, lead generation, sales pipeline management, customer support, website and content management, analytics, payments and business operations.