HubSpot’s (HUBS) “Outperform” Rating Reaffirmed at BMO Capital Markets

BMO Capital Markets restated their outperform rating on shares of HubSpot (NYSE:HUBS) in a report published on Thursday, Benzinga reports. They currently have a $570.00 target price on the software maker’s stock.

Several other research analysts have also commented on HUBS. KeyCorp raised shares of HubSpot from an underweight rating to a sector weight rating and set a $460.00 price target for the company in a report on Thursday, August 8th. Piper Sandler reaffirmed an overweight rating and set a $570.00 target price on shares of HubSpot in a report on Thursday. UBS Group cut their price target on HubSpot from $580.00 to $550.00 and set a neutral rating on the stock in a report on Thursday, August 8th. Bank of America lowered their price objective on HubSpot from $650.00 to $580.00 and set a buy rating for the company in a research note on Thursday, August 8th. Finally, Canaccord Genuity Group reduced their price target on shares of HubSpot from $700.00 to $600.00 and set a buy rating for the company in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of Moderate Buy and a consensus price target of $610.79.

HubSpot Stock Down 0.6 %

Shares of NYSE HUBS opened at $526.88 on Thursday. HubSpot has a fifty-two week low of $407.23 and a fifty-two week high of $693.85. The business has a 50 day moving average price of $489.80 and a two-hundred day moving average price of $565.89. The firm has a market cap of $26.85 billion, a PE ratio of -198.82, a price-to-earnings-growth ratio of 3,140.82 and a beta of 1.63.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. The business had revenue of $637.20 million during the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned ($1.17) earnings per share. On average, analysts anticipate that HubSpot will post 0.01 earnings per share for the current year.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares of the company’s stock, valued at $33,009,441.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Kathryn Bueker sold 1,135 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $672,828.00. Following the sale, the chief financial officer now owns 44,715 shares of the company’s stock, valued at $26,507,052. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. The disclosure for this sale can be found here. Insiders have sold a total of 38,012 shares of company stock worth $21,300,253 over the last 90 days. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

A number of hedge funds and other institutional investors have recently modified their holdings of HUBS. Wellington Management Group LLP increased its holdings in HubSpot by 50.3% in the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock valued at $1,088,119,000 after purchasing an additional 626,977 shares during the period. Jennison Associates LLC raised its stake in HubSpot by 62.1% in the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock valued at $988,406,000 after acquiring an additional 604,554 shares during the period. Twin Focus Capital Partners LLC lifted its position 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 worth $283,230,000 after acquiring an additional 487,348 shares in the last quarter. Point72 Asset Management L.P. bought a new position in HubSpot in the 4th quarter worth about $114,983,000. Finally, Price T Rowe Associates Inc. MD grew its stake in HubSpot by 10.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock valued at $1,211,535,000 after acquiring an additional 176,336 shares in the last quarter. Institutional investors and hedge funds 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.