HubSpot (NYSE:HUBS – Get Free Report) had its target price lowered by equities research analysts at UBS Group from $570.00 to $525.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the software maker’s stock. UBS Group’s price target points to a potential upside of 22.38% from the company’s previous close.
HUBS has been the subject of several other reports. Needham & Company LLC reaffirmed a “buy” rating and set a $630.00 price objective on shares of HubSpot in a research note on Thursday, November 2nd. Piper Sandler restated a “neutral” rating and set a $515.00 price objective on shares of HubSpot in a report on Thursday. Citigroup began coverage on HubSpot in a research report on Tuesday, September 5th. They issued a “buy” rating and a $695.00 target price on the stock. KeyCorp cut their price objective on HubSpot from $660.00 to $593.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 17th. Finally, Raymond James lowered their target price on HubSpot from $520.00 to $510.00 and set an “outperform” rating for the company in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and a consensus price target of $581.85.
HubSpot Stock Performance
HubSpot (NYSE:HUBS – Get Free Report) last issued its quarterly earnings data on Wednesday, November 8th. The software maker reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.38. HubSpot had a negative return on equity of 7.60% and a negative net margin of 8.67%. The business had revenue of $557.56 million during the quarter, compared to analysts’ expectations of $533.70 million. As a group, equities research analysts expect that HubSpot will post -1.42 earnings per share for the current fiscal year.
Insider Transactions at HubSpot
In other news, CFO Kathryn Bueker sold 918 shares of HubSpot stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $507.76, for a total transaction of $466,123.68. Following the transaction, the chief financial officer now directly owns 37,106 shares of the company’s stock, valued at $18,840,942.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Kathryn Bueker sold 918 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $507.76, for a total value of $466,123.68. Following the sale, the chief financial officer now directly owns 37,106 shares of the company’s stock, valued at approximately $18,840,942.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Dharmesh Shah sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $505.71, for a total transaction of $10,114,200.00. Following the completion of the sale, the chief technology officer now directly owns 1,411,014 shares in the company, valued at $713,563,889.94. The disclosure for this sale can be found here. Insiders have sold a total of 47,201 shares of company stock valued at $23,477,027 over the last three months. 4.90% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC grew its stake in HubSpot by 49.2% in the 1st quarter. Acadian Asset Management LLC now owns 704 shares of the software maker’s stock valued at $333,000 after buying an additional 232 shares during the last quarter. MetLife Investment Management LLC bought a new position in HubSpot during the first quarter worth about $1,385,000. Raymond James Trust N.A. raised its stake in HubSpot by 12.3% in the 1st quarter. Raymond James Trust N.A. now owns 776 shares of the software maker’s stock worth $368,000 after purchasing an additional 85 shares in the last quarter. Cibc World Market Inc. bought a new stake in HubSpot in the 1st quarter valued at about $206,000. Finally, Dimensional Fund Advisors LP grew its position in shares of HubSpot by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 64,334 shares of the software maker’s stock worth $30,562,000 after purchasing an additional 253 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.
HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
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