HubSpot (NYSE:HUBS) Stock Rating Lowered by Piper Sandler

HubSpot (NYSE:HUBS - Get Free Report) was downgraded by Piper Sandler from an "overweight" rating to a "neutral" rating in a research note issued on Thursday, Marketbeat Ratings reports. They currently have a $640.00 price objective on the software maker's stock, up from their prior price objective of $570.00. Piper Sandler's target price would suggest a potential downside of 0.58% from the company's previous close.

Other analysts have also recently issued research reports about the company. Oppenheimer reiterated an "outperform" rating and set a $625.00 price objective on shares of HubSpot in a research report on Thursday, September 19th. Truist Financial reaffirmed a "buy" rating and set a $600.00 price target (down previously from $700.00) on shares of HubSpot in a research report on Thursday, August 8th. Barclays dropped their price objective on shares of HubSpot from $575.00 to $500.00 and set an "equal weight" rating on the stock in a report on Friday, August 9th. UBS Group reduced their target price on shares of HubSpot from $580.00 to $550.00 and set a "neutral" rating for the company in a report on Thursday, August 8th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $570.00 price target on shares of HubSpot in a research note on Thursday, September 19th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat.com, HubSpot currently has a consensus rating of "Moderate Buy" and a consensus price target of $648.46.

HubSpot Stock Up 7.7 %

Shares of NYSE HUBS traded up $45.95 during trading on Thursday, reaching $643.74. 1,523,273 shares of the company traded hands, compared to its average volume of 592,060. The firm has a 50 day simple moving average of $529.41 and a 200-day simple moving average of $545.99. HubSpot has a 52-week low of $413.07 and a 52-week high of $693.85. The stock has a market capitalization of $33.06 billion, a PE ratio of -1,213.37, a P/E/G ratio of 7,506.16 and a beta of 1.63.

HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.30. The business had revenue of $637.20 million during the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The firm's revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.17) EPS.

Insiders Place Their Bets

In other HubSpot news, CFO Kathryn Bueker sold 1,804 shares of HubSpot stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares of the company's stock, valued at $22,692,450. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Yamini Rangan sold 1,374 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $755,700.00. Following the sale, the chief executive officer now directly owns 61,294 shares of the company's stock, valued at $33,711,700. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 1,804 shares of the business's stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $992,200.00. Following the transaction, the chief financial officer now owns 41,259 shares of the company's stock, valued at $22,692,450. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,937 shares of company stock valued at $3,194,673 in the last quarter. 4.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HubSpot

A number of large investors have recently bought and sold shares of HUBS. Geneos Wealth Management Inc. increased its stake in HubSpot by 1,125.0% in the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker's stock worth $31,000 after purchasing an additional 45 shares during the period. International Assets Investment Management LLC purchased a new stake in HubSpot in the 2nd quarter valued at about $35,000. HM Payson & Co. grew its stake in HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker's stock worth $36,000 after acquiring an additional 18 shares in the last quarter. Crewe Advisors LLC increased its position in shares of HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker's stock worth $44,000 after acquiring an additional 63 shares during the period. Finally, J.Safra Asset Management Corp boosted its holdings in shares of HubSpot by 690.9% in the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker's stock valued at $51,000 after purchasing an additional 76 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

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.