HubSpot’s (HUBS) Outperform Rating Reaffirmed at BMO Capital Markets

BMO Capital Markets reiterated their outperform rating on shares of HubSpot (NYSE:HUBS) in a research report released on Thursday morning, Benzinga reports. They currently have a $570.00 target price on the software maker’s stock.

Several other research firms have also recently weighed in on HUBS. Needham & Company LLC reissued a buy rating and set a $730.00 price objective on shares of HubSpot in a report on Thursday. KeyCorp upgraded HubSpot from an underweight rating to a sector weight rating and set a $460.00 price objective on the stock in a research report on Thursday, August 8th. UBS Group dropped their price target on HubSpot from $580.00 to $550.00 and set a neutral rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada reiterated an outperform rating and issued a $700.00 price target on shares of HubSpot in a report on Thursday. Finally, Piper Sandler reissued an overweight rating and set a $570.00 price objective on shares of HubSpot in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, HubSpot currently has an average rating of Moderate Buy and an average price target of $610.79.

HubSpot Trading Down 0.6 %

NYSE:HUBS opened at $526.88 on Thursday. HubSpot has a 12 month low of $407.23 and a 12 month high of $693.85. The company has a 50-day moving average price of $489.80 and a 200-day moving average price of $565.89. The stock has a market cap of $26.85 billion, a price-to-earnings ratio of -198.82, a P/E/G ratio of 3,140.82 and a beta of 1.63.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, topping the consensus estimate of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The business had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. During the same period in the previous year, the company posted ($1.17) earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities analysts forecast that HubSpot will post 0.01 EPS for the current fiscal year.

Insider Activity

In other HubSpot news, CFO Kathryn Bueker sold 1,135 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $672,828.00. Following the sale, the chief financial officer now directly owns 44,715 shares in the company, valued at $26,507,052. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Yamini Rangan sold 116 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the transaction, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathryn Bueker sold 1,135 shares of HubSpot stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $672,828.00. Following the completion of the sale, the chief financial officer now owns 44,715 shares in the company, valued at $26,507,052. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,012 shares of company stock valued at $21,300,253. 4.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HubSpot

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in shares of HubSpot by 14.3% in the 1st quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock valued at $75,000 after purchasing an additional 15 shares in the last quarter. First Affirmative Financial Network boosted its position in HubSpot by 3.8% during the 1st quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock worth $309,000 after purchasing an additional 18 shares during the period. Lindbrook Capital LLC increased its holdings in HubSpot by 17.9% in the 1st quarter. Lindbrook Capital LLC now owns 138 shares of the software maker’s stock valued at $86,000 after purchasing an additional 21 shares in the last quarter. Eagle Wealth Strategies LLC raised its position in HubSpot by 5.8% in the first quarter. Eagle Wealth Strategies LLC now owns 386 shares of the software maker’s stock valued at $246,000 after purchasing an additional 21 shares during the period. Finally, Hazlett Burt & Watson Inc. lifted its stake in shares of HubSpot by 19.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock worth $91,000 after purchasing an additional 25 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

About HubSpot

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.