HubSpot (NYSE:HUBS) Given “Outperform” Rating at BMO Capital Markets

HubSpot (NYSE:HUBS)‘s stock had its “outperform” rating restated by research analysts at BMO Capital Markets in a note issued to investors on Thursday, Benzinga reports. They currently have a $570.00 price objective on the software maker’s stock. BMO Capital Markets’ price target points to a potential upside of 9.52% from the company’s previous close.

Several other brokerages have also recently issued reports on HUBS. Piper Sandler restated an “overweight” rating and issued a $570.00 target price on shares of HubSpot in a report on Thursday. Wells Fargo & Company decreased their price objective on shares of HubSpot from $650.00 to $625.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $700.00 target price on shares of HubSpot in a research report on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $730.00 target price on shares of HubSpot in a research report on Thursday. Finally, UBS Group cut their price target on HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus target price of $610.79.

HubSpot Trading Up 3.3 %

NYSE:HUBS traded up $16.69 during trading hours on Thursday, hitting $520.45. The company’s stock had a trading volume of 182,668 shares, compared to its average volume of 616,756. The stock has a market capitalization of $26.52 billion, a P/E ratio of -193.77, a price-to-earnings-growth ratio of 3,140.82 and a beta of 1.63. The stock has a fifty day moving average of $487.98 and a 200-day moving average of $567.44. HubSpot has a 52-week low of $407.23 and a 52-week high of $693.85.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The business had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.17) EPS. On average, sell-side analysts forecast 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 2,877 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total value of $1,705,485.60. Following the completion of the transaction, the chief executive officer now owns 68,037 shares in the company, valued at $40,332,333.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Yamini Rangan sold 2,877 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the sale, the chief executive officer now owns 68,037 shares of the company’s stock, valued at $40,332,333.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $586.85, for a total transaction of $14,671,250.00. Following the completion of the transaction, the chief technology officer now directly owns 1,348,929 shares of the company’s stock, valued at $791,618,983.65. 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 three months. 4.50% of the stock is currently owned by corporate insiders.

Institutional Trading of HubSpot

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of HubSpot by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock worth $3,025,964,000 after buying an additional 39,098 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position 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 worth $1,211,535,000 after acquiring an additional 176,336 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of 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 in the last quarter. Jennison Associates LLC lifted its holdings in shares of HubSpot by 62.1% in the first quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock valued at $988,406,000 after purchasing an additional 604,554 shares in the last quarter. Finally, Twin Focus Capital Partners LLC grew its position in shares of HubSpot by 92,828.2% in the fourth quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock valued at $283,230,000 after purchasing an additional 487,348 shares during the last quarter. 90.39% of the stock is currently 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.