BMO Capital Markets Cuts HubSpot (NYSE:HUBS) Price Target to $745.00

HubSpot (NYSE:HUBS) had its price target decreased by BMO Capital Markets from $885.00 to $745.00 in a report issued on Friday, Marketbeat Ratings reports. BMO Capital Markets currently has an outperform rating on the software maker’s stock.

Other research analysts have also recently issued research reports about the stock. Canaccord Genuity Group raised their price target on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price target on the stock in a research report on Thursday, February 13th. Oppenheimer boosted their price objective on HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Wells Fargo & Company decreased their target price on HubSpot from $940.00 to $700.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Sanford C. Bernstein began coverage on HubSpot in a research report on Thursday, March 20th. They issued a “market perform” rating and a $693.00 price target for the company. Five investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $777.44.

HubSpot Price Performance

HUBS stock opened at $637.36 on Friday. The business has a 50-day moving average price of $592.37 and a 200 day moving average price of $664.80. HubSpot has a 1-year low of $434.84 and a 1-year high of $881.13. The company has a market capitalization of $33.55 billion, a P/E ratio of 7,082.56, a PEG ratio of 41.44 and a beta of 1.78.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS 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%. On average, analysts anticipate that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 680 shares of HubSpot stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the sale, the chief executive officer now directly owns 71,693 shares in the company, valued at $43,015,800. This trade represents a 0.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total value of $4,578,100.00. Following the transaction, the insider now directly owns 525,687 shares in the company, valued at approximately $283,135,018.20. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,562 shares of company stock worth $18,401,757 in the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several large investors have recently modified their holdings of HUBS. Mayflower Financial Advisors LLC grew its stake in shares of HubSpot by 3.0% during the 1st quarter. Mayflower Financial Advisors LLC now owns 1,274 shares of the software maker’s stock worth $728,000 after purchasing an additional 37 shares during the period. Altman Advisors Inc. raised its position in shares of HubSpot by 1.5% in the first quarter. Altman Advisors Inc. now owns 3,249 shares of the software maker’s stock valued at $1,987,000 after buying an additional 47 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in shares of HubSpot by 130.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker’s stock worth $34,000 after purchasing an additional 34 shares during the period. Victory Capital Management Inc. grew its holdings in HubSpot by 7.7% in the 1st quarter. Victory Capital Management Inc. now owns 26,862 shares of the software maker’s stock valued at $15,346,000 after buying an additional 1,931 shares during the period. Finally, Larson Financial Group LLC increased its position in HubSpot by 144.2% during the first quarter. Larson Financial Group LLC now owns 105 shares of the software maker’s stock worth $60,000 after purchasing an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.