HubSpot (NYSE:HUBS) Price Target Cut to $650.00 by Analysts at JPMorgan Chase & Co.

HubSpot (NYSE:HUBS) had its target price reduced by JPMorgan Chase & Co. from $675.00 to $650.00 in a research note published on Thursday morning,Benzinga reports. They currently have an overweight rating on the software maker’s stock.

A number of other research firms have also issued reports on HUBS. Macquarie reduced their price target on shares of HubSpot from $730.00 to $660.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. Stifel Nicolaus dropped their price objective on shares of HubSpot from $600.00 to $550.00 and set a “buy” rating on the stock in a research note on Thursday. Raymond James Financial decreased their target price on shares of HubSpot from $825.00 to $655.00 and set an “outperform” rating for the company in a research note on Thursday, August 7th. BMO Capital Markets lowered their price target on shares of HubSpot from $550.00 to $465.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Citigroup upped their price target on shares of HubSpot from $650.00 to $658.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $626.50.

HubSpot Stock Up 0.7%

Shares of HUBS traded up $2.88 during mid-day trading on Thursday, reaching $397.83. The company’s stock had a trading volume of 1,358,850 shares, compared to its average volume of 776,900. The company has a market cap 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. The business has a fifty day moving average of $475.10 and a 200 day moving average of $527.99. HubSpot has a 1 year low of $375.01 and a 1 year high of $881.13.

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

Insider Activity at HubSpot

In other news, CTO Dharmesh Shah sold 17,253 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $500.66, for a total transaction of $8,637,886.98. Following the transaction, the chief technology officer owned 1,275,805 shares in the company, valued at approximately $638,744,531.30. The trade was a 1.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 2,387 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $500.00, for a total value of $1,193,500.00. Following the completion of the transaction, the chief executive officer directly owned 56,277 shares of the company’s stock, valued at approximately $28,138,500. This trade represents a 4.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 51,098 shares of company stock worth $24,757,257. 4.00% of the stock is owned by insiders.

Institutional Investors Weigh In On HubSpot

Several institutional investors have recently modified their holdings of the business. Goodman Advisory Group LLC acquired a new position in HubSpot in the second quarter valued at approximately $27,000. Whittier Trust Co. grew its holdings in HubSpot by 136.4% during the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after acquiring an additional 30 shares during the period. Exane Asset Management bought a new stake in shares of HubSpot during the 3rd quarter valued at $30,000. Rakuten Securities Inc. lifted its stake in shares of HubSpot by 783.3% in the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after purchasing an additional 47 shares during the period. Finally, Hilltop National Bank bought a new position in shares of HubSpot in the 2nd quarter worth $32,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.