Barclays Has Lowered Expectations for HubSpot (NYSE:HUBS) Stock Price

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

Other equities analysts have also recently issued reports about the stock. BNP Paribas initiated coverage on shares of HubSpot in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $700.00 price objective for the company. Wall Street Zen raised shares of HubSpot from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. The Goldman Sachs Group reduced their price target on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. BMO Capital Markets reduced their price target on shares of HubSpot from $735.00 to $650.00 and set an "outperform" rating on the stock in a research report on Friday, July 18th. Finally, Piper Sandler increased their price target on shares of HubSpot from $535.00 to $645.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, HubSpot has a consensus rating of "Moderate Buy" and a consensus target price of $759.04.

HubSpot Price Performance

Shares of HUBS traded down $11.29 during midday trading on Monday, reaching $549.61. 187,772 shares of the stock were exchanged, compared to its average volume of 687,279. The business's 50-day moving average price is $574.13 and its 200 day moving average price is $629.32. HubSpot has a twelve month low of $434.84 and a twelve month high of $881.13. The company has a market capitalization of $28.99 billion, a price-to-earnings ratio of -1,221.62, a PEG ratio of 20.43 and a beta of 1.66.

Insider Activity at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the company's stock in a transaction on 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 transaction, the director owned 522,435 shares in the company, valued at approximately $283,718,775.45. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 2,383 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the transaction, the chief executive officer owned 63,918 shares in the company, valued at approximately $35,269,313.22. The trade was a 3.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,998 shares of company stock worth $10,928,616 in the last quarter. Company insiders own 4.50% of the company's stock.

Institutional Trading of HubSpot

Institutional investors have recently made changes to their positions in the company. Highview Capital Management LLC DE grew its position in HubSpot by 4.5% during the fourth quarter. Highview Capital Management LLC DE now owns 3,011 shares of the software maker's stock valued at $2,098,000 after buying an additional 129 shares during the period. Teacher Retirement System of Texas purchased a new stake in HubSpot during the fourth quarter valued at about $318,000. Summit Global Investments lifted 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 valued at $889,000 after purchasing an additional 17 shares during the last quarter. Quantbot Technologies LP purchased a new stake in HubSpot during the fourth quarter valued at about $359,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in HubSpot during the fourth quarter valued at about $17,175,000. Institutional investors own 90.39% of the company's stock.

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.