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

HubSpot (NYSE:HUBS - Free Report) had its price objective reduced by Stifel Nicolaus from $750.00 to $700.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the software maker's stock.

Several other equities research analysts have also recently commented on HUBS. Macquarie assumed coverage on HubSpot in a research note on Monday, March 24th. They issued an "outperform" rating and a $730.00 target price for the company. Morgan Stanley raised their price target on HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Needham & Company LLC reissued a "buy" rating and set a $900.00 price objective on shares of HubSpot in a report on Friday, May 9th. Stephens started coverage on shares of HubSpot in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 target price on the stock. Finally, Oppenheimer boosted their price target on shares of HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Four analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $764.93.

HubSpot Stock Performance

Shares of NYSE HUBS traded up $14.68 during trading on Monday, reaching $538.95. The company had a trading volume of 852,390 shares, compared to its average volume of 688,765. HubSpot has a 52 week low of $434.84 and a 52 week high of $881.13. The business's 50 day moving average price is $591.09 and its 200-day moving average price is $637.16. The stock has a market cap of $28.42 billion, a PE ratio of -1,197.66, a PEG ratio of 19.49 and a beta of 1.66.

Insider Transactions at HubSpot

In related news, CFO Kathryn Bueker sold 615 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $339,350.85. Following the sale, the chief financial officer owned 41,086 shares in the company, valued at approximately $22,670,843.94. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 2,383 shares of the business'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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,678 shares of company stock valued at $11,298,621 over the last three months. Company insiders own 4.50% of the company's stock.

Hedge Funds Weigh In On HubSpot

Institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its stake in HubSpot by 17.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker's stock worth $2,805,070,000 after acquiring an additional 714,980 shares in the last quarter. Norges Bank bought a new stake in shares of HubSpot during the fourth quarter worth $420,345,000. Massachusetts Financial Services Co. MA increased its holdings in shares of HubSpot by 37.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock worth $530,115,000 after buying an additional 251,853 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of HubSpot by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker's stock valued at $2,997,407,000 after acquiring an additional 201,994 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of HubSpot by 80,552.5% in the 1st quarter. GAMMA Investing LLC now owns 178,242 shares of the software maker's stock valued at $1,018,280,000 after acquiring an additional 178,021 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Company Profile

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.