Barclays Lowers HubSpot (NYSE:HUBS) Price Target to $675.00

HubSpot (NYSE:HUBS - Free Report) had its price objective lowered by Barclays from $745.00 to $675.00 in a research report report published on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the software maker's stock.

Several other equities analysts have also weighed in on HUBS. Macquarie initiated coverage on HubSpot in a research note on Monday, March 24th. They issued an "outperform" rating and a $730.00 price target for the company. Cantor Fitzgerald initiated coverage on HubSpot in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $775.00 target price for the company. Raymond James Financial reissued an "outperform" rating and issued a $825.00 price target (down previously from $980.00) on shares of HubSpot in a report on Friday, May 9th. Scotiabank decreased their price objective on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating on the stock in a report on Thursday, April 24th. Finally, Needham & Company LLC reissued a "buy" rating and set a $900.00 target price on shares of HubSpot in a research note on Friday, May 9th. Four 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 company's stock. According to data from MarketBeat, HubSpot currently has a consensus rating of "Moderate Buy" and a consensus price target of $759.04.

HubSpot Stock Performance

NYSE:HUBS traded up $12.38 during midday trading on Monday, reaching $562.10. 610,230 shares of the stock traded hands, compared to its average volume of 608,194. The business has a 50-day moving average of $580.97 and a two-hundred day moving average of $631.43. The stock has a market capitalization of $29.64 billion, a PE ratio of -1,249.10, a price-to-earnings-growth ratio of 20.32 and a beta of 1.66. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13.

Insider Activity

In related news, CEO Yamini Rangan sold 2,383 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $1,314,915.57. Following the sale, the chief executive officer directly owned 63,918 shares of the company's stock, valued at approximately $35,269,313.22. This represents a 3.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of the firm's stock in a transaction dated 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 owned 41,086 shares of the company's stock, valued at $22,670,843.94. This trade represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,678 shares of company stock valued at $11,336,616 in the last three months. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HubSpot

Several hedge funds have recently modified their holdings of HUBS. Private Trust Co. NA increased its position in HubSpot by 481.5% during the first quarter. Private Trust Co. NA now owns 157 shares of the software maker's stock worth $90,000 after purchasing an additional 130 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of HubSpot by 4.6% in the 1st quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker's stock worth $16,427,000 after buying an additional 1,276 shares during the period. Golden State Wealth Management LLC boosted its holdings in HubSpot by 1,840.0% in the first quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker's stock valued at $55,000 after acquiring an additional 92 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in HubSpot during the first quarter worth about $235,000. Finally, Amalgamated Bank lifted its stake in shares of HubSpot by 6.9% in the 1st quarter. Amalgamated Bank now owns 3,485 shares of the software maker's stock valued at $1,991,000 after purchasing an additional 226 shares in the last quarter. 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.