BMO Capital Markets Cuts HubSpot (NYSE:HUBS) Price Target to $650.00

HubSpot (NYSE:HUBS) had its price target lowered by BMO Capital Markets from $735.00 to $650.00 in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage currently has an outperform rating on the software maker’s stock.

A number of other research analysts have also issued reports on HUBS. Wells Fargo & Company cut their price target on shares of HubSpot from $700.00 to $675.00 and set an “overweight” rating on the stock in a research note on Monday, June 9th. Barclays reduced their price objective on HubSpot from $815.00 to $745.00 and set an “overweight” rating for the company in a research note on Friday, May 9th. Truist Financial dropped their target price on HubSpot from $900.00 to $720.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Jefferies Financial Group decreased their price objective on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Finally, Sanford C. Bernstein began coverage on shares of HubSpot in a report on Thursday, March 20th. They set a “market perform” rating and a $693.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $761.54.

HubSpot Trading Up 2.6%

NYSE HUBS opened at $542.25 on Friday. The firm’s fifty day simple moving average is $580.97 and its two-hundred day simple moving average is $631.43. The firm has a market capitalization of $28.60 billion, a P/E ratio of -1,205.00, a P/E/G ratio of 20.16 and a beta of 1.66. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13.

Insider Activity at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction on Wednesday, July 2nd. The shares were 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 of the company’s stock, valued at $22,670,843.94. The trade was a 1.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the completion of the transaction, the director directly owned 522,435 shares in the company, valued at approximately $283,718,775.45. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,678 shares of company stock valued at $11,336,616. 4.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Elequin Capital LP purchased a new stake in shares of HubSpot in the fourth quarter valued at about $27,000. Coppell Advisory Solutions LLC boosted its holdings in HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after purchasing an additional 22 shares during the last quarter. Aster Capital Management DIFC Ltd grew its stake in shares of HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock valued at $33,000 after buying an additional 32 shares during the period. Cullen Frost Bankers Inc. grew its stake in shares of HubSpot by 130.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker’s stock valued at $34,000 after buying an additional 34 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of HubSpot during the 1st quarter worth approximately $35,000. 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.