HubSpot (NYSE:HUBS – Get Rating) had its target price dropped by research analysts at Wells Fargo & Company from $600.00 to $500.00 in a research report issued on Tuesday, Stock Target Advisor reports. The firm presently has an “overweight” rating on the software maker’s stock. Wells Fargo & Company’s price target points to a potential upside of 58.11% from the company’s previous close.
Several other equities analysts also recently commented on the stock. Stifel Nicolaus decreased their price target on shares of HubSpot from $700.00 to $575.00 in a research note on Friday, May 6th. Morgan Stanley decreased their price target on shares of HubSpot from $539.00 to $436.00 and set an “overweight” rating on the stock in a research note on Thursday, July 14th. Oppenheimer restated an “initiates” rating on shares of HubSpot in a research note on Wednesday, July 27th. Scotiabank initiated coverage on shares of HubSpot in a research note on Thursday, June 9th. They issued an “outperform” rating and a $550.00 price target on the stock. Finally, Cowen decreased their price target on shares of HubSpot from $670.00 to $415.00 and set an “outperform” rating on the stock in a research note on Friday, July 22nd. Three analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $547.60.
HubSpot Stock Performance
Shares of NYSE:HUBS traded up $2.41 on Tuesday, hitting $316.24. The company had a trading volume of 2,430 shares, compared to its average volume of 778,775. HubSpot has a 1-year low of $257.21 and a 1-year high of $866.00. The stock has a market cap of $15.11 billion, a price-to-earnings ratio of -232.68 and a beta of 1.61. The stock has a 50 day moving average price of $313.70 and a 200 day moving average price of $398.17. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.54.
HubSpot (NYSE:HUBS – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The software maker reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.43) by $0.17. HubSpot had a negative net margin of 4.52% and a negative return on equity of 7.33%. The firm had revenue of $395.60 million for the quarter, compared to the consensus estimate of $383.05 million. During the same period in the previous year, the company earned ($0.29) earnings per share. The company’s quarterly revenue was up 40.6% on a year-over-year basis. Analysts expect that HubSpot will post -1.88 EPS for the current year.
Insider Transactions at HubSpot
In other news, insider Brian Halligan sold 6,500 shares of the stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $350.30, for a total value of $2,276,950.00. Following the completion of the transaction, the insider now owns 695,751 shares of the company’s stock, valued at $243,721,575.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Brian Halligan sold 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $350.30, for a total value of $2,276,950.00. Following the completion of the transaction, the insider now owns 695,751 shares in the company, valued at approximately $243,721,575.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Dharmesh Shah acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 17th. The stock was acquired at an average price of $340.08 per share, with a total value of $3,400,800.00. Following the acquisition, the chief technology officer now owns 1,511,447 shares in the company, valued at $514,012,895.76. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 23,500 shares of company stock valued at $7,201,680. 5.60% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Yousif Capital Management LLC bought a new position in HubSpot in the 4th quarter valued at approximately $417,000. Teacher Retirement System of Texas increased its position in HubSpot by 23.8% during the 4th quarter. Teacher Retirement System of Texas now owns 8,773 shares of the software maker’s stock valued at $5,783,000 after purchasing an additional 1,685 shares during the period. Emerald Advisers LLC increased its position in HubSpot by 11.1% during the 1st quarter. Emerald Advisers LLC now owns 3,049 shares of the software maker’s stock valued at $1,448,000 after purchasing an additional 305 shares during the period. LPL Financial LLC increased its position in HubSpot by 10.5% during the 4th quarter. LPL Financial LLC now owns 18,387 shares of the software maker’s stock valued at $12,120,000 after purchasing an additional 1,744 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its position in HubSpot by 6.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 5,376 shares of the software maker’s stock valued at $2,662,000 after purchasing an additional 346 shares during the period. Institutional investors own 91.82% of the company’s stock.
About HubSpot
HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.