BMO Capital Markets Cuts HubSpot (NYSE:HUBS) Price Target to $650.00

HubSpot (NYSE:HUBS - Get Free Report) had its target price reduced by equities researchers at BMO Capital Markets from $735.00 to $650.00 in a research report issued to clients and investors on Friday, MarketBeat.com reports. The brokerage currently has an "outperform" rating on the software maker's stock. BMO Capital Markets' price objective points to a potential upside of 22.73% from the company's previous close.

HUBS has been the subject of several other reports. BNP Paribas started coverage on HubSpot in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $700.00 price target for the company. Truist Financial lowered their price objective on HubSpot from $900.00 to $720.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. UBS Group boosted their target price on shares of HubSpot from $675.00 to $820.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Piper Sandler lifted their price target on shares of HubSpot from $535.00 to $645.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Finally, Raymond James Financial restated an "outperform" rating and issued a $825.00 price objective (down from $980.00) on shares of HubSpot in a report on Friday, May 9th. Four research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $761.54.

HubSpot Trading Up 0.2%

Shares of HubSpot stock traded up $1.03 during trading on Friday, reaching $529.63. The stock had a trading volume of 27,824 shares, compared to its average volume of 606,731. The company has a market capitalization of $27.93 billion, a price-to-earnings ratio of -1,175.98, a P/E/G ratio of 20.13 and a beta of 1.66. The stock has a fifty day moving average price of $582.17 and a two-hundred day moving average price of $633.40. HubSpot has a 52 week low of $434.84 and a 52 week high of $881.13.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 2,383 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the completion of the transaction, the chief executive officer owned 63,918 shares in the company, valued at $35,269,313.22. The trade was a 3.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kathryn Bueker sold 615 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $339,350.85. Following the transaction, the chief financial officer owned 41,086 shares of the company's stock, valued at approximately $22,670,843.94. This trade represents a 1.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,678 shares of company stock valued at $11,336,616. 4.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Wedbush Securities Inc. boosted its holdings in 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 in the last quarter. Venturi Wealth Management LLC boosted its holdings in HubSpot by 1.1% during the first quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker's stock worth $861,000 after buying an additional 16 shares in the last quarter. Summit Global Investments boosted its holdings in HubSpot by 1.4% during the fourth quarter. Summit Global Investments now owns 1,275 shares of the software maker's stock worth $889,000 after buying an additional 17 shares in the last quarter. WCM Investment Management LLC boosted its holdings in HubSpot by 0.6% during the first quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker's stock worth $1,553,000 after buying an additional 17 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in HubSpot by 3.0% during the first quarter. Yousif Capital Management LLC now owns 662 shares of the software maker's stock worth $378,000 after acquiring an additional 19 shares during the period. Institutional investors and hedge funds 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.

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