Royal Bank of Canada Reaffirms “Outperform” Rating for HubSpot (NYSE:HUBS)

Royal Bank of Canada reiterated their outperform rating on shares of HubSpot (NYSE:HUBS) in a research report released on Thursday, Benzinga reports. They currently have a $700.00 target price on the software maker’s stock.

A number of other equities research analysts also recently weighed in on HUBS. Raymond James dropped their price objective on HubSpot from $725.00 to $675.00 and set an outperform rating on the stock in a research report on Thursday, August 8th. Citigroup cut their price objective on shares of HubSpot from $699.00 to $629.00 and set a buy rating on the stock in a research report on Friday, August 9th. Barclays decreased their target price on shares of HubSpot from $575.00 to $500.00 and set an equal weight rating for the company in a research report on Friday, August 9th. Oppenheimer cut their price target on shares of HubSpot from $725.00 to $625.00 and set an outperform rating on the stock in a report on Monday, July 22nd. Finally, Evercore ISI decreased their price objective on HubSpot from $650.00 to $550.00 and set an in-line rating for the company in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, HubSpot currently has an average rating of Moderate Buy and an average price target of $610.79.

HubSpot Stock Performance

NYSE HUBS opened at $526.88 on Thursday. HubSpot has a one year low of $407.23 and a one year high of $693.85. The company has a market capitalization of $26.85 billion, a price-to-earnings ratio of -198.82, a price-to-earnings-growth ratio of 3,140.82 and a beta of 1.63. The company’s 50-day simple moving average is $489.80 and its two-hundred day simple moving average is $565.89.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.30. The company had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. HubSpot’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company posted ($1.17) earnings per share. Equities analysts expect that HubSpot will post 0.01 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 2,877 shares of HubSpot stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the completion of the transaction, the chief executive officer now directly owns 68,037 shares in the company, valued at $40,332,333.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Dawson Alyssa Harvey sold 384 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $467.23, for a total transaction of $179,416.32. Following the sale, the insider now directly owns 9,735 shares in the company, valued at approximately $4,548,484.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 2,877 shares of HubSpot stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $1,705,485.60. Following the completion of the transaction, the chief executive officer now owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The disclosure for this sale can be found here. Insiders have sold 38,012 shares of company stock worth $21,300,253 over the last quarter. 4.50% of the stock is currently owned by insiders.

Institutional Trading of HubSpot

Several institutional investors have recently bought and sold shares of HUBS. GAMMA Investing LLC lifted its position in shares of HubSpot by 14.3% during the 1st quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock valued at $75,000 after buying an additional 15 shares in the last quarter. First Affirmative Financial Network grew its position in shares of HubSpot by 3.8% in the first quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock valued at $309,000 after purchasing an additional 18 shares during the period. Lindbrook Capital LLC increased its stake in shares of HubSpot by 17.9% during the first quarter. Lindbrook Capital LLC now owns 138 shares of the software maker’s stock worth $86,000 after purchasing an additional 21 shares in the last quarter. Eagle Wealth Strategies LLC raised its position in shares of HubSpot by 5.8% during the 1st quarter. Eagle Wealth Strategies LLC now owns 386 shares of the software maker’s stock worth $246,000 after purchasing an additional 21 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its stake in HubSpot by 19.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after buying an additional 25 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.