Piper Sandler Cuts HubSpot (NYSE:HUBS) Price Target to $535.00

HubSpot (NYSE:HUBS) had its price target reduced by Piper Sandler from $808.00 to $535.00 in a report published on Wednesday,Benzinga reports. Piper Sandler currently has a neutral rating on the software maker’s stock.

Other equities research analysts have also issued research reports about the stock. Mizuho cut their price target on shares of HubSpot from $900.00 to $700.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price target for the company in a research report on Thursday, February 13th. TD Cowen cut HubSpot from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $680.00 to $725.00 in a report on Friday, January 17th. Macquarie assumed coverage on HubSpot in a report on Monday, March 24th. They set an “outperform” rating and a $730.00 target price for the company. Finally, Stephens started coverage on HubSpot in a research report on Wednesday, March 19th. They set an “overweight” rating and a $769.00 price target for the company. Five analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $789.11.

HubSpot Price Performance

NYSE:HUBS opened at $616.56 on Wednesday. The company has a 50 day moving average price of $604.15 and a 200-day moving average price of $660.64. HubSpot has a 1-year low of $434.84 and a 1-year high of $881.13. The firm has a market cap of $32.16 billion, a price-to-earnings ratio of 6,851.43, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS) last issued 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%. On average, sell-side analysts anticipate that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the sale, the chief executive officer now directly owns 72,373 shares in the company, valued at $41,536,312.16. This represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the sale, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,882 shares of company stock valued at $17,993,757 over the last quarter. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On HubSpot

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in shares of HubSpot by 5.4% during the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock worth $178,000 after acquiring an additional 13 shares during the period. Wedbush Securities Inc. raised its position in 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 purchasing an additional 13 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of HubSpot by 2.4% in the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock valued at $445,000 after buying an additional 15 shares during the period. Amalgamated Bank boosted its stake in shares of HubSpot by 0.5% in the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock valued at $2,271,000 after buying an additional 16 shares during the period. Finally, Avitas Wealth Management LLC increased its stake in shares of HubSpot by 0.8% during the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock worth $1,420,000 after buying an additional 17 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.