Mizuho Lowers HubSpot (NYSE:HUBS) Price Target to $700.00

HubSpot (NYSE:HUBS - Free Report) had its price target reduced by Mizuho from $900.00 to $700.00 in a research note released on Tuesday, MarketBeat Ratings reports. They currently have an outperform rating on the software maker's stock.

A number of other equities research analysts have also recently commented on the stock. Redburn Atlantic initiated coverage on shares of HubSpot in a report on Wednesday, February 19th. They issued a "buy" rating for the company. JPMorgan Chase & Co. upped their price target on HubSpot from $635.00 to $725.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Raymond James boosted their price target on shares of HubSpot from $750.00 to $980.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Truist Financial restated a "buy" rating and issued a $900.00 target price (up previously from $750.00) on shares of HubSpot in a report on Thursday, February 13th. Finally, Bank of America upped their target price on shares of HubSpot from $780.00 to $850.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, HubSpot has an average rating of "Moderate Buy" and a consensus price target of $818.04.

HubSpot Trading Down 0.9 %

HUBS traded down $5.06 on Tuesday, reaching $538.98. The stock had a trading volume of 384,223 shares, compared to its average volume of 619,429. The firm has a 50-day moving average of $632.79 and a 200-day moving average of $659.01. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The company has a market capitalization of $28.11 billion, a price-to-earnings ratio of 5,989.35, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates 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 anticipate that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 2,382 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the transaction, the chief executive officer now directly owns 72,373 shares of the company's stock, valued at $41,536,312.16. This represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the sale, the insider now directly owns 525,687 shares in the company, valued at approximately $283,135,018.20. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,882 shares of company stock valued at $17,993,757. 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 business. Insigneo Advisory Services LLC boosted its stake in shares of HubSpot by 32.7% during the first quarter. Insigneo Advisory Services LLC now owns 442 shares of the software maker's stock worth $252,000 after buying an additional 109 shares during the period. Sowell Financial Services LLC acquired a new stake in HubSpot in the first quarter valued at $226,000. Brighton Jones LLC boosted its holdings in HubSpot by 19.1% during the first quarter. Brighton Jones LLC now owns 843 shares of the software maker's stock worth $482,000 after buying an additional 135 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in HubSpot by 40.5% in the first quarter. Exchange Traded Concepts LLC now owns 5,625 shares of the software maker's stock valued at $3,214,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of HubSpot by 35.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,293 shares of the software maker's stock valued at $3,596,000 after purchasing an additional 1,646 shares in the last quarter. 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.