HubSpot (NYSE:HUBS) PT Lowered to $600.00 at Stifel Nicolaus

HubSpot (NYSE:HUBS) had its price objective cut by Stifel Nicolaus from $700.00 to $600.00 in a report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the software maker’s stock.

A number of other equities analysts also recently issued reports on the company. Scotiabank increased their price objective on HubSpot from $650.00 to $700.00 and gave the stock a sector outperform rating in a report on Friday, April 5th. Canaccord Genuity Group decreased their price target on shares of HubSpot from $750.00 to $700.00 and set a buy rating for the company in a research note on Thursday, May 9th. TD Cowen lowered their price target on shares of HubSpot from $700.00 to $680.00 and set a buy rating for the company in a research report on Thursday, May 9th. Needham & Company LLC restated a buy rating and issued a $730.00 price objective on shares of HubSpot in a report on Thursday, May 9th. Finally, UBS Group lowered their target price on shares of HubSpot from $640.00 to $580.00 and set a neutral rating for the company in a report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $630.04.

HubSpot Stock Down 3.1 %

NYSE:HUBS opened at $481.63 on Tuesday. HubSpot has a 12 month low of $407.23 and a 12 month high of $693.85. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $554.15 and a 200-day moving average price of $594.66.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.26) by $0.27. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The business had revenue of $617.41 million during the quarter, compared to analyst estimates of $597.12 million. On average, research analysts expect that HubSpot will post -0.44 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total value of $4,014,295.00. Following the transaction, the insider now owns 518,152 shares in the company, valued at approximately $244,707,645.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the transaction, the insider now directly owns 518,152 shares in the company, valued at $244,707,645.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathryn Bueker sold 3,937 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $616.51, for a total value of $2,427,199.87. Following the completion of the sale, the chief financial officer now owns 45,737 shares of the company’s stock, valued at approximately $28,197,317.87. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,491 shares of company stock valued at $26,699,609. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in HubSpot by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock worth $2,781,013,000 after purchasing an additional 119,999 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of HubSpot by 10.1% in the fourth quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock worth $13,022,000 after buying an additional 2,057 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of HubSpot by 15.1% in the fourth quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock worth $19,302,000 after buying an additional 4,371 shares in the last quarter. Strs Ohio boosted its position in shares of HubSpot by 1,203.0% during the fourth quarter. Strs Ohio now owns 20,001 shares of the software maker’s stock worth $11,611,000 after acquiring an additional 18,466 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in HubSpot by 19.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 22,546 shares of the software maker’s stock valued at $13,089,000 after acquiring an additional 3,671 shares in the last quarter. Institutional investors 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.