Piper Sandler Has Lowered Expectations for HubSpot (NYSE:HUBS) Stock Price

HubSpot (NYSE:HUBS) had its target price lowered by Piper Sandler from $808.00 to $535.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the software maker’s stock.

Several other equities research analysts also recently weighed in on the company. Scotiabank increased their price objective on HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a report on Thursday, February 13th. Needham & Company LLC increased their price objective on HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. The Goldman Sachs Group boosted their target price on HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Truist Financial decreased their price target on HubSpot from $900.00 to $720.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Finally, Royal Bank of Canada boosted their price objective on shares of HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $789.11.

HubSpot Stock Performance

HUBS opened at $616.56 on Wednesday. HubSpot has a one year low of $434.84 and a one year high of $881.13. The company has a market cap of $32.16 billion, a P/E ratio of 6,851.43, a PEG ratio of 41.44 and a beta of 1.82. The business’s 50-day simple moving average is $604.15 and its 200-day simple moving average is $660.64.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. As a group, analysts predict that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 2,382 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the transaction, the chief executive officer now owns 72,373 shares of the company’s stock, valued at approximately $41,536,312.16. The trade was a 3.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the sale, the insider now directly owns 525,687 shares in the company, valued at $283,135,018.20. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,882 shares of company stock valued at $17,993,757. 4.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

Institutional investors and hedge funds have recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in HubSpot in the 3rd quarter valued at $25,000. Elequin Capital LP purchased a new stake in HubSpot in the 4th quarter valued at about $27,000. Larson Financial Group LLC lifted its holdings in shares of HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after acquiring an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the period. Finally, Coppell Advisory Solutions LLC increased its position in HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after purchasing an additional 22 shares during 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.