TD Cowen Downgrades HubSpot (NYSE:HUBS) to Hold

HubSpot (NYSE:HUBSGet Free Report) was downgraded by research analysts at TD Cowen from a “buy” rating to a “hold” rating in a research report issued on Friday,Briefing.com Automated Import reports. They presently have a $725.00 target price on the software maker’s stock, up from their previous target price of $680.00. TD Cowen’s price target indicates a potential upside of 0.93% from the stock’s current price.

Several other equities analysts have also recently weighed in on the stock. Oppenheimer increased their price objective on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Truist Financial reiterated a “buy” rating and issued a $750.00 price target (up from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Royal Bank of Canada boosted their price objective on shares of HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $730.00 target price on shares of HubSpot in a report on Thursday, November 7th. Finally, Piper Sandler lowered HubSpot from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $570.00 to $640.00 in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $721.26.

View Our Latest Analysis on HUBS

HubSpot Trading Up 1.3 %

Shares of HUBS opened at $718.34 on Friday. The firm has a fifty day simple moving average of $711.05 and a two-hundred day simple moving average of $584.33. The firm has a market cap of $37.08 billion, a PE ratio of -2,660.43, a P/E/G ratio of 41.24 and a beta of 1.70. HubSpot has a 1-year low of $434.84 and a 1-year high of $762.47.

HubSpot (NYSE:HUBSGet Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping the consensus estimate of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. HubSpot’s revenue was up 20.1% compared to the same quarter last year. As a group, research analysts forecast that HubSpot will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 3,057 shares of HubSpot stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $2,144,760.63. Following the sale, the chief executive officer now owns 54,079 shares of the company’s stock, valued at $37,941,285.61. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Kathryn Bueker sold 1,796 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the transaction, the chief financial officer now owns 38,560 shares of the company’s stock, valued at $27,053,310.40. This represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,066 shares of company stock worth $54,900,427. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

Large investors have recently made changes to their positions in the business. GDS Wealth Management purchased a new position in HubSpot in the third quarter worth about $2,149,000. Pallas Capital Advisors LLC bought a new stake in shares of HubSpot in the 3rd quarter valued at approximately $624,000. Icon Wealth Advisors LLC boosted its holdings in shares of HubSpot by 3,346.2% in the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock worth $11,212,000 after purchasing an additional 20,479 shares during the period. Curi RMB Capital LLC increased its position in shares of HubSpot by 15.1% during the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock valued at $3,797,000 after purchasing an additional 937 shares during the last quarter. Finally, Melqart Asset Management UK Ltd raised its holdings in HubSpot by 15.2% during the 3rd quarter. Melqart Asset Management UK Ltd now owns 33,878 shares of the software maker’s stock valued at $18,010,000 after buying an additional 4,468 shares during the period. 90.39% of the stock is currently owned by institutional investors.

About HubSpot

(Get Free Report)

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.

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