Piper Sandler Raises HubSpot (NYSE:HUBS) Price Target to $645.00

HubSpot (NYSE:HUBS) had its price objective raised by Piper Sandler from $535.00 to $645.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the software maker’s stock. Piper Sandler’s price target would suggest a potential upside of 7.09% from the company’s current price.

Several other equities analysts also recently commented on HUBS. Macquarie assumed coverage on HubSpot in a research report on Monday, March 24th. They issued an “outperform” rating and a $730.00 price objective on the stock. JPMorgan Chase & Co. upped their price target on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective for the company in a report on Thursday, February 13th. Wells Fargo & Company dropped their target price on shares of HubSpot from $940.00 to $700.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Finally, StockNews.com lowered shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $772.56.

HubSpot Stock Down 8.8 %

HUBS stock opened at $602.31 on Friday. HubSpot has a twelve month low of $434.84 and a twelve month high of $881.13. The stock has a market capitalization of $31.70 billion, a price-to-earnings ratio of 6,693.08, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78. The firm’s fifty day simple moving average is $584.93 and its two-hundred day simple moving average is $667.48.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates 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, equities research analysts expect that HubSpot will post 1.01 EPS for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 680 shares of the stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $600.00, for a total value of $408,000.00. Following the completion of the sale, the chief executive officer now directly owns 71,693 shares in the company, valued at approximately $43,015,800. This trade represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the sale, the insider now directly owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,562 shares of company stock worth $18,401,757 over the last three months. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in HubSpot by 5.4% during the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock valued at $178,000 after purchasing an additional 13 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of HubSpot by 3.4% in the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock valued at $274,000 after acquiring an additional 13 shares during the period. First Horizon Advisors Inc. raised its stake in HubSpot by 2.4% in the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock worth $445,000 after acquiring an additional 15 shares during the last quarter. Amalgamated Bank lifted its position in HubSpot by 0.5% during the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock worth $2,271,000 after acquiring an additional 16 shares during the period. Finally, Venturi Wealth Management LLC grew its stake in HubSpot by 1.1% during the 1st quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker’s stock valued at $861,000 after purchasing an additional 16 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.