HubSpot (NYSE:HUBS) Given New $675.00 Price Target at Barclays

HubSpot (NYSE:HUBS - Free Report) had its price target cut by Barclays from $745.00 to $675.00 in a research report released on Monday,Benzinga reports. They currently have an overweight rating on the software maker's stock.

A number of other analysts also recently issued reports on HUBS. UBS Group raised their price objective on shares of HubSpot from $675.00 to $820.00 and gave the stock a "buy" rating in a report on Friday, May 9th. The Goldman Sachs Group lowered their price objective on HubSpot from $900.00 to $795.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Citigroup boosted their price objective on HubSpot from $750.00 to $759.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Piper Sandler boosted their price objective on HubSpot from $535.00 to $645.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Finally, Jefferies Financial Group lowered their price objective on HubSpot from $900.00 to $700.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Four analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $759.04.

HubSpot Stock Up 0.8%

HubSpot stock traded up $4.15 during mid-day trading on Monday, hitting $550.79. 686,190 shares of the stock were exchanged, compared to its average volume of 607,989. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13. The firm's fifty day simple moving average is $580.97 and its two-hundred day simple moving average is $631.43. The stock has a market capitalization of $29.05 billion, a price-to-earnings ratio of -1,223.97, a PEG ratio of 20.16 and a beta of 1.66.

Insider Activity

In other news, CFO Kathryn Bueker sold 615 shares of the firm'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 $339,350.85. Following the transaction, the chief financial officer directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brian Halligan sold 8,500 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the completion of the sale, the director owned 522,435 shares of the company's stock, valued at approximately $283,718,775.45. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Over 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 insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in HubSpot by 4.0% during the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker's stock worth $2,997,407,000 after purchasing an additional 201,994 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of HubSpot by 17.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker's stock valued at $2,805,070,000 after acquiring an additional 714,980 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of HubSpot by 5.3% in the fourth 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 during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock valued at $530,115,000 after purchasing an additional 251,853 shares during the period. Finally, Geode Capital Management LLC raised its holdings in HubSpot by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker's stock valued at $577,572,000 after buying an additional 9,922 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.