HubSpot (NYSE:HUBS) Given “Overweight” Rating at Piper Sandler

Piper Sandler reissued their overweight rating on shares of HubSpot (NYSE:HUBS) in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has a $570.00 price target on the software maker’s stock.

Several other equities research analysts have also issued reports on the stock. BMO Capital Markets decreased their price target on shares of HubSpot from $635.00 to $570.00 and set an outperform rating for the company in a research note on Thursday, August 8th. KeyCorp upgraded HubSpot from an underweight rating to a sector weight rating and set a $460.00 target price on the stock in a research note on Thursday, August 8th. Stifel Nicolaus cut their price target on HubSpot from $700.00 to $600.00 and set a buy rating for the company in a research note on Tuesday, July 30th. Barclays lowered their price objective on HubSpot from $575.00 to $500.00 and set an equal weight rating on the stock in a research note on Friday, August 9th. Finally, Royal Bank of Canada reiterated an outperform rating and set a $700.00 target price on shares of HubSpot in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $610.79.

HubSpot Trading Down 0.6 %

HUBS stock opened at $526.88 on Thursday. The stock has a market cap of $26.85 billion, a P/E ratio of -198.82, a P/E/G ratio of 3,140.82 and a beta of 1.63. The stock’s fifty day simple moving average is $489.80 and its two-hundred day simple moving average is $566.20. HubSpot has a 1-year low of $407.23 and a 1-year high of $693.85.

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

Insider Activity

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Kathryn Bueker sold 1,135 shares of HubSpot stock in a transaction 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 transaction, the chief financial officer now directly owns 44,715 shares of the company’s stock, valued at $26,507,052. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares of the company’s stock, valued at $33,009,441.57. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,012 shares of company stock valued at $21,300,253. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Hedge funds have recently modified their holdings of the company. Riverview Trust Co purchased a new position in shares of HubSpot during the first quarter valued at approximately $27,000. Geneos Wealth Management Inc. boosted its holdings in HubSpot by 1,125.0% in the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after acquiring an additional 45 shares in the last quarter. International Assets Investment Management LLC bought a new stake in HubSpot in the second quarter valued at $35,000. Crewe Advisors LLC increased its position in HubSpot by 525.0% during the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after purchasing an additional 63 shares during the period. Finally, SYSTM Wealth Solutions LLC raised its holdings in HubSpot by 54.0% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker’s stock worth $48,000 after purchasing an additional 27 shares in the last quarter. Hedge funds and other institutional investors 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.