HubSpot (NYSE:HUBS) Cut to Hold at TD Cowen

TD Cowen lowered shares of HubSpot (NYSE:HUBS) from a buy rating to a hold rating in a research note issued to investors on Friday, MarketBeat Ratings reports. TD Cowen currently has $725.00 price objective on the software maker’s stock, up from their previous price objective of $680.00.

A number of other analysts have also recently issued reports on the stock. Evercore ISI raised their target price on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Scotiabank lifted their price objective on shares of HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, January 8th. Piper Sandler cut shares of HubSpot from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $570.00 to $640.00 in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on shares of HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Barclays lifted their price objective on shares of HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $721.26.

HubSpot Trading Down 1.8 %

HubSpot stock opened at $704.08 on Friday. The company has a market cap of $36.34 billion, a P/E ratio of -2,607.59, a price-to-earnings-growth 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. The company has a fifty day simple moving average of $713.49 and a 200 day simple moving average of $586.01.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The firm had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.04) earnings per share. On average, equities research analysts forecast that HubSpot will post 0.42 EPS for the current year.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the completion of the transaction, the chief executive officer now directly owns 54,079 shares in the company, valued at approximately $37,941,285.61. This represents a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dawson Alyssa Harvey sold 573 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $401,100.00. Following the transaction, the insider now owns 7,603 shares of the company’s stock, valued at $5,322,100. This represents a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,066 shares of company stock valued at $54,900,427. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of HubSpot

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its stake in HubSpot by 52.2% in the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after purchasing an additional 480,796 shares during the period. Geode Capital Management LLC increased its stake in HubSpot by 2.5% in the third quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after purchasing an additional 19,974 shares during the period. Massachusetts Financial Services Co. MA increased its stake in HubSpot by 17.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after purchasing an additional 86,688 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of HubSpot by 8.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock valued at $280,186,000 after buying an additional 40,138 shares during the period. Finally, Holocene Advisors LP increased its stake in shares of HubSpot by 17.5% during the third quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock valued at $169,988,000 after buying an additional 47,736 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.