HubSpot (NYSE:HUBS) Given New $600.00 Price Target at UBS Group

HubSpot (NYSE:HUBS) had its price target trimmed by UBS Group from $700.00 to $600.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a buy rating on the software maker’s stock.

Several other analysts have also recently weighed in on HUBS. Piper Sandler dropped their price objective on HubSpot from $675.00 to $590.00 and set an “overweight” rating for the company in a report on Thursday. Weiss Ratings reissued a “sell (e+)” rating on shares of HubSpot in a research note on Tuesday, October 14th. Stifel Nicolaus cut their price objective on shares of HubSpot from $600.00 to $550.00 and set a “buy” rating on the stock in a report on Thursday. Truist Financial reduced their price objective on shares of HubSpot from $720.00 to $675.00 and set a “buy” rating on the stock in a research note on Thursday, August 7th. Finally, Wall Street Zen cut shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $626.50.

HubSpot Trading Up 0.7%

Shares of HubSpot stock traded up $2.88 during midday trading on Thursday, reaching $397.83. The company had a trading volume of 1,358,850 shares, compared to its average volume of 776,900. The stock has a fifty day simple moving average of $475.10 and a 200 day simple moving average of $527.99. HubSpot has a 1-year low of $375.01 and a 1-year high of $881.13. The company has a market capitalization of $20.96 billion, a price-to-earnings ratio of -4,972.91, a price-to-earnings-growth ratio of 16.06 and a beta of 1.60.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 5th. The software maker reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.08. The firm had revenue of $809.52 million for the quarter, compared to analyst estimates of $786.80 million. HubSpot had a positive return on equity of 1.19% and a negative net margin of 0.12%.The business’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period last year, the company earned $2.18 EPS. HubSpot has set its FY 2025 guidance at 9.600-9.620 EPS. Q4 2025 guidance at 2.970-2.990 EPS. Sell-side analysts expect that HubSpot will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In other HubSpot news, CTO Dharmesh Shah sold 4,747 shares of HubSpot stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $501.60, for a total value of $2,381,095.20. Following the transaction, the chief technology officer owned 1,271,058 shares of the company’s stock, valued at approximately $637,562,692.80. The trade was a 0.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kathryn Bueker sold 615 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $307,500.00. Following the completion of the sale, the chief financial officer directly owned 38,794 shares in the company, valued at $19,397,000. This represents a 1.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 51,098 shares of company stock worth $24,757,257. 4.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On HubSpot

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of HubSpot by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock worth $2,683,659,000 after buying an additional 345,524 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in HubSpot by 17.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock valued at $2,805,070,000 after purchasing an additional 714,980 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock valued at $530,115,000 after purchasing an additional 251,853 shares in the last quarter. Geode Capital Management LLC increased its position in shares of HubSpot by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 925,938 shares of the software maker’s stock worth $513,886,000 after purchasing an additional 38,096 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in shares of 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 purchasing an additional 672,158 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.