HubSpot (NYSE:HUBS) Downgraded to Neutral Rating by Piper Sandler

HubSpot (NYSE:HUBS) was downgraded by equities research analysts at Piper Sandler from an “overweight” rating to a “neutral” rating in a research note issued to investors on Thursday, Briefing.com reports. They currently have a $640.00 target price on the software maker’s stock, up from their previous target price of $570.00. Piper Sandler’s price objective would suggest a potential upside of 7.07% from the company’s previous close.

Several other research analysts also recently weighed in on the company. Evercore ISI boosted their target price on HubSpot from $550.00 to $610.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group dropped their target price on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Royal Bank of Canada restated an “outperform” rating and set a $700.00 target price on shares of HubSpot in a research report on Thursday, September 19th. Raymond James reduced their price target on HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $730.00 price objective on shares of HubSpot in a research report on Monday, October 14th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus price target of $622.25.

HubSpot Stock Performance

Shares of HubSpot stock opened at $597.73 on Thursday. HubSpot has a one year low of $413.07 and a one year high of $693.85. The company has a market capitalization of $30.69 billion, a PE ratio of -1,106.89, a P/E/G ratio of 7,506.16 and a beta of 1.63. The company has a 50-day simple moving average of $529.41 and a two-hundred day simple moving average of $545.99.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, topping the consensus estimate of $1.64 by $0.30. The firm had revenue of $637.20 million during the quarter, compared to analyst estimates of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. HubSpot’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.17) EPS.

Insider Buying and Selling

In related news, CFO Kathryn Bueker sold 1,804 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $22,692,450. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Kathryn Bueker sold 1,804 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $992,200.00. Following the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $22,692,450. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Yamini Rangan sold 116 shares of the company’s 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 in the company, valued at $33,009,441.57. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,937 shares of company stock worth $3,194,673. Insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of HubSpot by 0.8% in the first quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock valued at $3,025,964,000 after buying an additional 39,098 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of HubSpot by 10.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after purchasing an additional 176,336 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of HubSpot by 0.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 484,586 shares of the software maker’s stock valued at $285,804,000 after purchasing an additional 3,775 shares during the period. Capital Research Global Investors grew its holdings in shares of HubSpot by 0.9% in the first quarter. Capital Research Global Investors now owns 452,210 shares of the software maker’s stock valued at $283,337,000 after purchasing an additional 4,242 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in HubSpot by 88.7% during the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock worth $142,468,000 after buying an additional 113,555 shares during the period. Institutional investors and hedge funds 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.