Oppenheimer Cuts HubSpot (NYSE:HUBS) Price Target to $625.00

HubSpot (NYSE:HUBS) had its target price lowered by Oppenheimer from $725.00 to $625.00 in a report published on Monday, Benzinga reports. Oppenheimer currently has an outperform rating on the software maker’s stock.

A number of other research firms have also weighed in on HUBS. TD Cowen reduced their price objective on shares of HubSpot from $700.00 to $680.00 and set a buy rating on the stock in a research report on Thursday, May 9th. Canaccord Genuity Group reduced their target price on HubSpot from $750.00 to $700.00 and set a buy rating on the stock in a research note on Thursday, May 9th. Needham & Company LLC reiterated a buy rating and set a $730.00 target price on shares of HubSpot in a research report on Thursday, May 9th. Stifel Nicolaus cut their price target on shares of HubSpot from $750.00 to $700.00 and set a buy rating on the stock in a report on Thursday, May 9th. Finally, Barclays decreased their price target on shares of HubSpot from $600.00 to $575.00 and set an equal weight rating for the company in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $633.88.

HubSpot Trading Down 3.1 %

Shares of NYSE HUBS opened at $473.33 on Monday. The stock has a market capitalization of $24.12 billion, a P/E ratio of -178.61 and a beta of 1.60. HubSpot has a 1-year low of $407.23 and a 1-year high of $693.85. The business’s 50 day moving average is $568.33 and its two-hundred day moving average is $597.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.07 and a quick ratio of 2.07.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.27. The company had revenue of $617.41 million for the quarter, compared to analyst estimates of $597.12 million. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. As a group, research analysts expect that HubSpot will post -0.44 EPS for the current year.

Insider Activity at HubSpot

In other news, CFO Kathryn Bueker sold 3,937 shares of HubSpot stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the completion of the transaction, the chief financial officer now directly owns 45,737 shares of the company’s stock, valued at approximately $28,197,317.87. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Yamini Rangan sold 2,877 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the sale, the chief executive officer now directly owns 68,037 shares in the company, valued at approximately $40,332,333.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 3,937 shares of HubSpot stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $616.51, for a total value of $2,427,199.87. Following the completion of the transaction, the chief financial officer now owns 45,737 shares of the company’s stock, valued at approximately $28,197,317.87. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,491 shares of company stock worth $26,699,609. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of HubSpot

Several institutional investors have recently bought and sold shares of HUBS. Wellington Management Group LLP grew its stake in HubSpot by 50.3% in the 4th quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock valued at $1,088,119,000 after acquiring an additional 626,977 shares during the period. Jennison Associates LLC raised its position in shares of HubSpot by 62.1% during the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock worth $988,406,000 after purchasing an additional 604,554 shares during the last quarter. Norges Bank purchased a new stake in HubSpot during the 4th quarter worth approximately $311,236,000. Twin Focus Capital Partners LLC raised its holdings in shares of HubSpot by 92,828.2% during the fourth quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock valued at $283,230,000 after acquiring an additional 487,348 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of HubSpot by 87.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 451,341 shares of the software maker’s stock worth $262,022,000 after purchasing an additional 210,138 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.