Needham & Company LLC reaffirmed their buy rating on shares of HubSpot (NYSE:HUBS – Get Rating) in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has a $380.00 target price on the software maker's stock.
HUBS has been the subject of a number of other research reports. BMO Capital Markets decreased their target price on shares of HubSpot from $410.00 to $335.00 and set an outperform rating for the company in a research report on Monday, October 31st. Mizuho decreased their target price on shares of HubSpot from $390.00 to $350.00 and set a buy rating for the company in a research report on Thursday, December 8th. Piper Sandler decreased their target price on shares of HubSpot from $400.00 to $350.00 and set an overweight rating for the company in a research report on Monday, January 9th. Truist Financial decreased their target price on shares of HubSpot from $500.00 to $400.00 in a research report on Friday, November 4th. Finally, Credit Suisse Group assumed coverage on shares of HubSpot in a research note on Monday, November 21st. They set an outperform rating and a $400.00 price target on the stock. Four research 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. According to data from MarketBeat, HubSpot has an average rating of Moderate Buy and a consensus target price of $390.55.
Get HubSpot alerts:HubSpot Price Performance
Shares of HUBS opened at $365.76 on Wednesday. The company has a 50 day moving average price of $305.83 and a 200-day moving average price of $304.54. HubSpot has a fifty-two week low of $245.03 and a fifty-two week high of $596.17. The stock has a market capitalization of $17.77 billion, a PE ratio of -153.68 and a beta of 1.59. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.34 and a current ratio of 2.34.
HubSpot (NYSE:HUBS – Get Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The software maker reported ($0.75) earnings per share for the quarter, missing the consensus estimate of ($0.66) by ($0.09). HubSpot had a negative return on equity of 11.72% and a negative net margin of 6.96%. The business had revenue of $443.96 million during the quarter, compared to analysts' expectations of $425.43 million. Equities analysts predict that HubSpot will post -1.86 earnings per share for the current fiscal year.Insider Buying and Selling
In related news, CTO Dharmesh Shah sold 30,000 shares of the firm's stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $285.88, for a total transaction of $8,576,400.00. Following the completion of the sale, the chief technology officer now directly owns 1,479,416 shares in the company, valued at $422,935,446.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the completion of the sale, the insider now directly owns 639,780 shares in the company, valued at $194,096,456.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Dharmesh Shah sold 30,000 shares of HubSpot stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $285.88, for a total transaction of $8,576,400.00. Following the sale, the chief technology officer now owns 1,479,416 shares of the company's stock, valued at $422,935,446.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,309 shares of company stock worth $20,357,963. Insiders own 5.60% of the company's stock.
Institutional Investors Weigh In On HubSpot
A number of institutional investors have recently made changes to their positions in HUBS. Riverview Trust Co increased its position in shares of HubSpot by 203.6% during the second quarter. Riverview Trust Co now owns 85 shares of the software maker's stock valued at $26,000 after acquiring an additional 57 shares during the last quarter. Trustcore Financial Services LLC grew its holdings in shares of HubSpot by 66.1% in the third quarter. Trustcore Financial Services LLC now owns 98 shares of the software maker's stock valued at $26,000 after purchasing an additional 39 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new position in shares of HubSpot in the fourth quarter valued at approximately $29,000. Lindbrook Capital LLC grew its holdings in shares of HubSpot by 253.6% in the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the software maker's stock valued at $29,000 after purchasing an additional 71 shares in the last quarter. Finally, UMB Bank n.a. acquired a new position in shares of HubSpot in the fourth quarter valued at approximately $33,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.
HubSpot Company Profile
(Get Rating)
HubSpot, Inc develops Internet marketing software solutions. The firm operates through the following geographical segments: Americas, Europe and Asia Pacific. The company was founded by Brian Patrick Halligan and Dharmesh Shah on April 4, 2005, and is headquartered in Cambridge, MA.
Further Reading
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