Barclays Lowers HubSpot (NYSE:HUBS) Price Target to $745.00

HubSpot (NYSE:HUBS - Get Free Report) had its target price reduced by analysts at Barclays from $815.00 to $745.00 in a report issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the software maker's stock. Barclays's price target indicates a potential upside of 23.69% from the company's previous close.

A number of other research analysts have also recently commented on HUBS. Sanford C. Bernstein began coverage on HubSpot in a research report on Thursday, March 20th. They issued a "market perform" rating and a $693.00 price target on the stock. Stephens started coverage on shares of HubSpot in a research note on Wednesday, March 19th. They set an "overweight" rating and a $769.00 price objective on the stock. Raymond James boosted their target price on shares of HubSpot from $750.00 to $980.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. TD Cowen lowered shares of HubSpot from a "buy" rating to a "hold" rating and increased their price target for the stock from $680.00 to $725.00 in a research report on Friday, January 17th. Finally, Macquarie assumed coverage on shares of HubSpot in a research note on Monday, March 24th. They issued an "outperform" rating and a $730.00 price objective on the stock. Five analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, HubSpot currently has a consensus rating of "Moderate Buy" and a consensus target price of $772.56.

HubSpot Trading Down 8.8%

Shares of NYSE:HUBS traded down $58.05 on Friday, reaching $602.31. 1,797,313 shares of the company's stock were exchanged, compared to its average volume of 616,577. HubSpot has a twelve month low of $434.84 and a twelve month high of $881.13. The company has a fifty day moving average of $584.93 and a 200-day moving average of $668.28. The company has a market capitalization of $31.70 billion, a price-to-earnings ratio of 6,693.08, a PEG ratio of 41.44 and a beta of 1.78.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings results 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, equities research analysts forecast that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction on 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 sale, the insider now owns 527,233 shares of the company's stock, valued at $320,283,502.84. The trade was a 1.59% 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, CEO Yamini Rangan sold 680 shares of the firm's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total value of $408,000.00. Following the transaction, the chief executive officer now directly owns 71,693 shares of the company's stock, valued at approximately $43,015,800. This represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,562 shares of company stock valued at $18,401,757 over the last quarter. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On HubSpot

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its holdings in HubSpot by 5.4% during the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock worth $178,000 after purchasing an additional 13 shares during the last quarter. Wedbush Securities Inc. increased its position in shares of HubSpot by 3.4% during the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock worth $274,000 after buying an additional 13 shares during the period. First Horizon Advisors Inc. raised its stake in HubSpot by 2.4% during the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock worth $445,000 after buying an additional 15 shares during the last quarter. Amalgamated Bank lifted its holdings in HubSpot by 0.5% in the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock valued at $2,271,000 after buying an additional 16 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in HubSpot by 1.1% in the first quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker's stock valued at $861,000 after buying an additional 16 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

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.