BMO Capital Markets Cuts HubSpot (NYSE:HUBS) Price Target to $745.00

HubSpot (NYSE:HUBS) had its price objective trimmed by BMO Capital Markets from $885.00 to $745.00 in a research report sent to investors on Friday, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the software maker’s stock.

A number of other brokerages also recently weighed in on HUBS. Stephens initiated coverage on shares of HubSpot in a report on Wednesday, March 19th. They set an “overweight” rating and a $769.00 price target for the company. Mizuho reduced their price target on HubSpot from $900.00 to $700.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Barclays raised HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price objective on the stock in a research note on Wednesday, March 12th. Raymond James increased their price objective on shares of HubSpot from $750.00 to $980.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, Piper Sandler reduced their price target on shares of HubSpot from $808.00 to $535.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Five equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $777.44.

HubSpot Price Performance

Shares of NYSE HUBS opened at $637.36 on Friday. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The company’s 50 day simple moving average is $592.37 and its 200 day simple moving average is $664.80. The firm has a market capitalization of $33.55 billion, a P/E ratio of 7,082.56, a P/E/G ratio of 41.44 and a beta of 1.78.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. Sell-side analysts expect that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares in the company, valued at approximately $320,283,502.84. This represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 680 shares of the business’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total value of $408,000.00. Following the transaction, the chief executive officer now directly owns 71,693 shares in the company, valued at $43,015,800. This trade represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,562 shares of company stock worth $18,401,757. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of HubSpot during the fourth quarter valued at approximately $420,345,000. Massachusetts Financial Services Co. MA lifted its stake in shares of HubSpot by 37.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock worth $530,115,000 after purchasing an additional 251,853 shares during the period. Raymond James Financial Inc. bought a new position in HubSpot in the 4th quarter worth $157,019,000. GAMMA Investing LLC grew its stake in shares of HubSpot by 80,552.5% during 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 period. Finally, Wealthfront Advisers LLC increased its stake in shares of HubSpot by 3,090.2% in the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock worth $93,049,000 after purchasing an additional 129,357 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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.