HubSpot (NYSE:HUBS) Price Target Lowered to $525.00 at Argus

HubSpot (NYSE:HUBS) had its price objective lowered by stock analysts at Argus from $650.00 to $525.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. Argus’ price target indicates a potential upside of 45.60% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Rothschild & Co Redburn reiterated a “neutral” rating and set a $450.00 price target (down from $610.00) on shares of HubSpot in a research note on Monday, November 10th. Truist Financial dropped their price objective on HubSpot from $675.00 to $650.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Barclays cut their target price on HubSpot from $675.00 to $575.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Mizuho decreased their target price on HubSpot from $700.00 to $550.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Finally, Canaccord Genuity Group dropped their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $617.23.

HubSpot Stock Down 2.1%

HUBS stock opened at $360.58 on Thursday. The business has a 50 day moving average price of $458.85 and a 200 day moving average price of $515.12. The stock has a market cap of $18.89 billion, a price-to-earnings ratio of -4,507.28, a PEG ratio of 12.49 and a beta of 1.60. HubSpot has a fifty-two week low of $356.64 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, beating the consensus estimate of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The company had revenue of $809.52 million for the quarter, compared to analyst estimates of $786.80 million. During the same period in the prior year, the firm posted $2.18 earnings per share. The firm’s revenue was up 20.9% on a year-over-year basis. As a group, sell-side analysts anticipate that HubSpot will post 1.01 EPS for the current year.

Insider Activity

In other news, CTO Dharmesh Shah sold 4,747 shares of HubSpot stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $501.60, for a total value of $2,381,095.20. Following the sale, the chief technology officer owned 1,271,058 shares of the company’s stock, valued at $637,562,692.80. The trade was a 0.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Halligan sold 235 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $493.30, for a total transaction of $115,925.50. Following the transaction, the director owned 513,466 shares in the company, valued at approximately $253,292,777.80. This trade represents a 0.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 42,598 shares of company stock worth $20,933,617 over the last quarter. Insiders own 4.00% of the company’s stock.

Institutional Trading of HubSpot

Several hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its position in shares of HubSpot by 17.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock valued at $2,805,070,000 after acquiring an additional 714,980 shares during the period. Jennison Associates LLC grew its holdings in shares of HubSpot by 548.6% in the 2nd quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after acquiring an additional 672,158 shares during the period. Norges Bank purchased a new position in HubSpot in the 2nd quarter valued at approximately $269,941,000. Vanguard Group Inc. increased its stake in HubSpot by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock valued at $2,683,659,000 after purchasing an additional 345,524 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in HubSpot by 89.2% during the third quarter. AQR Capital Management LLC now owns 546,436 shares of the software maker’s stock worth $255,623,000 after purchasing an additional 257,577 shares during the last quarter. 90.39% of the stock is 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.