HubSpot (NYSE:HUBS) Price Target Cut to $745.00 by Analysts at BMO Capital Markets

HubSpot (NYSE:HUBS - Get Free Report) had its price target decreased by analysts at BMO Capital Markets from $885.00 to $745.00 in a report released on Friday,Briefing.com Automated Import reports. The brokerage presently has an "outperform" rating on the software maker's stock. BMO Capital Markets' price target would suggest a potential upside of 19.25% from the stock's previous close.

Several other analysts have also weighed in on HUBS. KeyCorp upgraded HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price objective for the company in a report on Thursday, February 13th. Stifel Nicolaus set a $750.00 target price on shares of HubSpot in a report on Friday, April 25th. Citigroup raised their target price on shares of HubSpot from $750.00 to $900.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Royal Bank of Canada upped their price target on HubSpot from $825.00 to $950.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, Truist Financial reduced 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. Five analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, HubSpot presently has a consensus rating of "Moderate Buy" and an average target price of $777.44.

HubSpot Stock Performance

Shares of HUBS stock opened at $624.74 on Friday. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13. The firm has a market capitalization of $32.58 billion, a PE ratio of 6,942.33, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. The stock has a fifty day moving average of $594.03 and a two-hundred day moving average of $662.35.

HubSpot (NYSE:HUBS - Get Free Report) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Equities research analysts predict that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares of the company's stock, valued at approximately $320,283,502.84. This represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 680 shares of the business's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total transaction of $408,000.00. Following the transaction, the chief executive officer now directly owns 71,693 shares in the company, valued at $43,015,800. This trade represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,562 shares of company stock valued at $18,401,757. Insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On HubSpot

Hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot in the 3rd quarter worth approximately $25,000. Oddo BHF Asset Management Sas acquired a new stake in HubSpot during the third quarter worth $740,000. GAMMA Investing LLC increased its holdings in HubSpot by 16.9% in the 4th quarter. GAMMA Investing LLC now owns 221 shares of the software maker's stock valued at $154,000 after buying an additional 32 shares during the period. Everence Capital Management Inc. bought a new stake in HubSpot in the 4th quarter valued at $1,010,000. Finally, Nordea Investment Management AB raised its stake in shares of HubSpot by 7.7% in the 4th quarter. Nordea Investment Management AB now owns 4,268 shares of the software maker's stock valued at $2,987,000 after buying an additional 306 shares in the last quarter. 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.

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