HubSpot (NYSE:HUBS) Given New $612.00 Price Target at The Goldman Sachs Group

HubSpot (NYSE:HUBS) had its price target lowered by The Goldman Sachs Group from $717.00 to $612.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

Several other brokerages have also issued reports on HUBS. UBS Group set a $500.00 target price on HubSpot in a research note on Friday. Sanford C. Bernstein raised shares of HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 price target on the stock in a report on Wednesday, September 3rd. Canaccord Genuity Group lowered their price objective on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Thursday. Stifel Nicolaus cut their price objective on shares of HubSpot from $600.00 to $550.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Oppenheimer lowered their price objective on HubSpot from $750.00 to $550.00 and set an “outperform” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $626.50.

HubSpot Trading Up 0.7%

HubSpot stock traded up $2.88 during trading on Friday, hitting $397.83. 1,358,850 shares of the company were exchanged, compared to its average volume of 808,891. HubSpot has a 52 week low of $375.01 and a 52 week high of $881.13. The company has a market capitalization of $20.84 billion, a P/E ratio of -4,972.91, a PEG ratio of 13.65 and a beta of 1.60. The business’s 50 day moving average is $475.10 and its 200 day moving average is $527.99.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 5th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.08. The business had revenue of $809.52 million during the quarter, compared to the consensus estimate of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. Equities analysts expect that HubSpot will post 1.01 EPS for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, Director Brian Halligan sold 235 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $493.30, for a total value of $115,925.50. Following the sale, the director owned 513,466 shares in the company, valued at approximately $253,292,777.80. This represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction that occurred 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 transaction, the chief financial officer owned 38,794 shares of the company’s stock, valued at $19,397,000. The trade was a 1.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 51,098 shares of company stock worth $24,757,257. Insiders own 4.00% of the company’s stock.

Institutional Trading of HubSpot

Institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of HubSpot by 4.6% during the first quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker’s stock valued at $16,427,000 after buying an additional 1,276 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in HubSpot by 42.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 444 shares of the software maker’s stock valued at $254,000 after purchasing an additional 133 shares during the last quarter. Greenleaf Trust bought a new stake in shares of HubSpot in the 1st quarter worth $204,000. Banque Pictet & Cie SA bought a new position in shares of HubSpot during the first quarter valued at $313,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of HubSpot by 133.2% during the first quarter. Nisa Investment Advisors LLC now owns 7,603 shares of the software maker’s stock valued at $4,344,000 after buying an additional 4,343 shares during the last quarter. 90.39% of the stock is 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.