HubSpot (NYSE:HUBS) Price Target Lowered to $659.00 at Morgan Stanley

HubSpot (NYSE:HUBS - Get Free Report) had its price objective cut by investment analysts at Morgan Stanley from $898.00 to $659.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the software maker's stock. Morgan Stanley's price objective suggests a potential upside of 27.05% from the stock's previous close.

A number of other equities analysts also recently commented on the stock. UBS Group upgraded shares of HubSpot from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $775.00 to $675.00 in a research note on Tuesday, April 15th. JPMorgan Chase & Co. raised their price objective on HubSpot from $635.00 to $725.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. TD Cowen lowered HubSpot from a "buy" rating to a "hold" rating and increased their price objective for the company from $680.00 to $725.00 in a report on Friday, January 17th. The Goldman Sachs Group boosted their price target on HubSpot from $783.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Citigroup upped their target price on HubSpot from $750.00 to $900.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $818.04.

HubSpot Trading Down 3.9 %

HUBS traded down $20.99 during trading hours on Wednesday, hitting $518.70. The company's stock had a trading volume of 516,269 shares, compared to its average volume of 618,251. The business's 50-day moving average price is $627.88 and its 200-day moving average price is $661.10. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13. The stock has a market cap of $27.05 billion, a price-to-earnings ratio of 5,763.97, a P/E/G ratio of 41.44 and a beta of 1.82.

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

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the transaction, the chief executive officer now owns 72,373 shares in the company, valued at approximately $41,536,312.16. This trade represents a 3.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the sale, the insider now directly owns 527,233 shares of the company's stock, valued at $320,283,502.84. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,882 shares of company stock worth $17,993,757. Company insiders own 4.50% of the company's stock.

Hedge Funds Weigh In On HubSpot

Institutional investors and hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot during the 3rd quarter worth approximately $25,000. Elequin Capital LP purchased a new position in HubSpot during the fourth quarter worth approximately $27,000. Larson Financial Group LLC boosted its stake in HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after buying an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after buying an additional 19 shares in the last quarter. Finally, Coppell Advisory Solutions LLC increased its stake in shares of HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after acquiring an additional 22 shares during the last quarter. 90.39% of the stock is currently 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.