HubSpot (NYSE:HUBS) PT Lowered to $570.00 at Piper Sandler

HubSpot (NYSE:HUBS) had its price target lowered by Piper Sandler from $655.00 to $570.00 in a report issued on Friday, Benzinga reports. The firm currently has an overweight rating on the software maker’s stock.

A number of other research firms have also commented on HUBS. Canaccord Genuity Group dropped their price target on shares of HubSpot from $750.00 to $700.00 and set a buy rating on the stock in a research report on Thursday, May 9th. Needham & Company LLC reiterated a buy rating and issued a $730.00 target price on shares of HubSpot in a report on Thursday, May 9th. KeyCorp initiated coverage on shares of HubSpot in a report on Thursday, March 21st. They set an underweight rating and a $520.00 price target for the company. BMO Capital Markets dropped their price objective on HubSpot from $710.00 to $635.00 and set an outperform rating on the stock in a research note on Thursday, May 9th. Finally, Barclays decreased their target price on HubSpot from $600.00 to $575.00 and set an equal weight rating for the company in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $633.69.

HubSpot Trading Down 2.8 %

Shares of NYSE:HUBS opened at $476.13 on Friday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $24.26 billion, a PE ratio of -179.67 and a beta of 1.60. HubSpot has a 1 year low of $407.23 and a 1 year high of $693.85. The firm has a fifty day moving average price of $587.56 and a 200 day moving average price of $602.47.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.27. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. The company had revenue of $617.41 million during the quarter, compared to the consensus estimate of $597.12 million. Analysts expect that HubSpot will post -0.55 EPS for the current fiscal year.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the sale, the insider now owns 526,041 shares in the company, valued at approximately $334,656,763.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the sale, the insider now owns 526,041 shares in the company, valued at approximately $334,656,763.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 3,937 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the completion of the sale, the chief financial officer now owns 45,737 shares in the company, valued at approximately $28,197,317.87. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,491 shares of company stock worth $28,092,844. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in HubSpot by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock worth $3,025,964,000 after buying an additional 39,098 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in HubSpot by 10.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after buying an additional 176,336 shares in the last quarter. Wellington Management Group LLP lifted its position in HubSpot by 50.3% during the 4th quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock worth $1,088,119,000 after buying an additional 626,977 shares in the last quarter. Jennison Associates LLC lifted its position in HubSpot by 62.1% during the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock worth $988,406,000 after buying an additional 604,554 shares in the last quarter. Finally, Norges Bank acquired a new position in HubSpot during the 4th quarter worth about $311,236,000. Institutional investors and hedge funds 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.