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

Piper Sandler reiterated their overweight rating on shares of HubSpot (NYSE:HUBS) in a report released on Thursday, Benzinga reports. The firm currently has a $570.00 price target on the software maker’s stock.

A number of other equities analysts also recently commented on HUBS. Wells Fargo & Company reduced their target price on shares of HubSpot from $750.00 to $650.00 and set an overweight rating on the stock in a research note on Thursday, July 11th. Barclays decreased their price objective on HubSpot from $600.00 to $575.00 and set an equal weight rating on the stock in a report on Thursday, May 9th. Oppenheimer cut their price objective on HubSpot from $725.00 to $625.00 and set an outperform rating for the company in a research report on Monday, July 22nd. KeyCorp raised shares of HubSpot from an underweight rating to a sector weight rating and set a $460.00 target price on the stock in a research report on Thursday. Finally, Canaccord Genuity Group dropped their price target on shares of HubSpot from $700.00 to $600.00 and set a buy rating for the company in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $610.52.

HubSpot Price Performance

Shares of HUBS stock traded down $3.65 during trading hours on Thursday, reaching $472.70. The company had a trading volume of 600,116 shares, compared to its average volume of 654,662. HubSpot has a 12-month low of $407.23 and a 12-month high of $693.85. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market capitalization of $24.09 billion, a price-to-earnings ratio of -178.38 and a beta of 1.60. The stock has a fifty day moving average of $538.86 and a 200-day moving average of $590.93.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.27. The company had revenue of $617.41 million during the quarter, compared to analysts’ expectations of $597.12 million. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. On average, equities analysts anticipate that HubSpot will post -0.44 earnings per share for the current year.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 2,877 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $1,705,485.60. Following the completion of the sale, the chief executive officer now owns 68,037 shares in the company, valued at $40,332,333.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other HubSpot news, CEO Yamini Rangan sold 2,877 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total value of $1,705,485.60. Following the completion of the sale, the chief executive officer now owns 68,037 shares of the company’s stock, valued at $40,332,333.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 3,937 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the transaction, the chief financial officer now directly owns 45,737 shares in the company, valued at $28,197,317.87. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,875 shares of company stock valued at $26,879,025. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On HubSpot

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in HubSpot by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock valued at $2,781,013,000 after buying an additional 119,999 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of HubSpot by 10.1% in the fourth quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock valued at $13,022,000 after buying an additional 2,057 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of HubSpot by 15.1% during the fourth quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock valued at $19,302,000 after buying an additional 4,371 shares during the period. Strs Ohio boosted its position in HubSpot by 1,203.0% during the fourth quarter. Strs Ohio now owns 20,001 shares of the software maker’s stock worth $11,611,000 after acquiring an additional 18,466 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in HubSpot by 19.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 22,546 shares of the software maker’s stock worth $13,089,000 after acquiring an additional 3,671 shares during the period. 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.