BMO Capital Markets Cuts HubSpot (NYSE:HUBS) Price Target to $385.00

HubSpot (NYSE:HUBS) had its target price decreased by BMO Capital Markets from $465.00 to $385.00 in a research report released on Thursday, Marketbeat reports. BMO Capital Markets currently has an outperform rating on the software maker’s stock.

A number of other brokerages have also recently commented on HUBS. Morgan Stanley decreased their target price on shares of HubSpot from $640.00 to $577.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. Zacks Research downgraded HubSpot from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Canaccord Genuity Group reduced their target price on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Rothschild Redb cut HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Wells Fargo & Company dropped their price objective on shares of HubSpot from $685.00 to $600.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $593.07.

HubSpot Stock Down 0.6%

Shares of NYSE:HUBS opened at $279.98 on Thursday. The company has a market cap of $14.67 billion, a P/E ratio of -3,499.75, a P/E/G ratio of 6.68 and a beta of 1.46. The business has a fifty day simple moving average of $364.54 and a 200-day simple moving average of $433.43. HubSpot has a 52 week low of $276.73 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.08. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The company had revenue of $809.52 million for the quarter, compared to the consensus estimate of $786.80 million. During the same period last year, the business posted $2.18 EPS. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. Sell-side analysts expect that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the completion of the transaction, the director owned 487,344 shares of the company’s stock, valued at approximately $147,850,422.72. This represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 25,735 shares of company stock valued at $8,943,006 in the last ninety days. 4.00% of the stock is currently owned by insiders.

Institutional Trading of HubSpot

A number of institutional investors and hedge funds have recently modified their holdings of HUBS. Jennison Associates LLC grew its stake in HubSpot by 548.6% during the 2nd quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after buying an additional 672,158 shares during the last quarter. Norges Bank purchased a new position in HubSpot in the 2nd quarter worth about $269,941,000. Pictet Asset Management Holding SA grew its position in HubSpot by 32.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,935,587 shares of the software maker’s stock worth $776,714,000 after purchasing an additional 476,740 shares in the last quarter. Vanguard Group Inc. grew its stake in HubSpot by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock valued at $2,683,659,000 after acquiring an additional 345,524 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of HubSpot by 89.2% in the third quarter. AQR Capital Management LLC now owns 546,436 shares of the software maker’s stock worth $255,623,000 after acquiring an additional 257,577 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Company Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.