Truist Financial Has Lowered Expectations for HubSpot (NYSE:HUBS) Stock Price

HubSpot (NYSE:HUBS - Free Report) had its price objective trimmed by Truist Financial from $900.00 to $720.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the software maker's stock.

Other equities research analysts have also recently issued research reports about the company. UBS Group upgraded HubSpot from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $775.00 to $675.00 in a report on Tuesday, April 15th. KeyCorp raised shares of HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 target price on the stock in a research report on Thursday, February 13th. Jefferies Financial Group dropped their price target on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Stifel Nicolaus upped their price objective on HubSpot from $880.00 to $925.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, Stephens assumed coverage on HubSpot in a report on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 target price on the stock. Five 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $818.04.

HubSpot Stock Performance

NYSE HUBS traded down $28.95 during trading hours on Wednesday, reaching $510.74. The company's stock had a trading volume of 241,405 shares, compared to its average volume of 618,431. The stock has a market cap of $26.64 billion, a PE ratio of 5,675.52, a PEG ratio of 41.44 and a beta of 1.82. The company's 50-day moving average is $627.88 and its two-hundred day moving average is $661.10. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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%. Equities analysts expect that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the sale, the chief executive officer now directly owns 72,373 shares in the company, valued at approximately $41,536,312.16. This represents a 3.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the sale, the insider now directly owns 524,751 shares in the company, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,882 shares of company stock worth $17,993,757 over the last ninety days. 4.50% of the stock is owned by insiders.

Hedge Funds Weigh In On HubSpot

Several institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in shares of HubSpot by 5.4% in the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock valued at $178,000 after purchasing an additional 13 shares during the period. Wedbush Securities Inc. increased its position in HubSpot by 3.4% in the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock valued at $274,000 after acquiring an additional 13 shares during the period. First Horizon Advisors Inc. raised its stake in HubSpot by 2.4% during the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock valued at $445,000 after acquiring an additional 15 shares in the last quarter. Amalgamated Bank boosted its position in HubSpot by 0.5% during the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock worth $2,271,000 after acquiring an additional 16 shares during the period. Finally, Avitas Wealth Management LLC increased its holdings in shares of HubSpot by 0.8% during the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock valued at $1,420,000 after purchasing an additional 17 shares during the period. 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.