KeyCorp Trims HubSpot (NYSE:HUBS) Target Price to $460.00

HubSpot (NYSE:HUBS) had its price objective cut by KeyCorp from $520.00 to $460.00 in a report published on Friday, Benzinga reports. They currently have an underweight rating on the software maker’s stock.

A number of other equities research analysts have also issued reports on HUBS. Barclays cut their price target on shares of HubSpot from $600.00 to $575.00 and set an equal weight rating on the stock in a report on Thursday, May 9th. Canaccord Genuity Group dropped their price objective on shares of HubSpot from $750.00 to $700.00 and set a buy rating on the stock in a research note on Thursday, May 9th. Needham & Company LLC reiterated a buy rating and issued a $730.00 price objective on shares of HubSpot in a research note on Thursday, May 9th. Piper Sandler dropped their price objective on shares of HubSpot from $655.00 to $570.00 and set an overweight rating on the stock in a research note on Friday. Finally, Wells Fargo & Company decreased their target price on shares of HubSpot from $750.00 to $650.00 and set an overweight rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $633.69.

HubSpot Stock Performance

HUBS stock opened at $476.41 on Friday. HubSpot has a 52-week low of $407.23 and a 52-week high of $693.85. The company’s 50 day simple moving average is $587.56 and its 200-day simple moving average is $602.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.07 and a current ratio of 2.07.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $597.12 million. On average, equities research analysts anticipate that HubSpot will post -0.55 EPS for the current fiscal year.

Insider Activity

In other news, CEO Yamini Rangan sold 2,877 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $1,705,485.60. Following the transaction, the chief executive officer now owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Yamini Rangan sold 2,877 shares of HubSpot stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the transaction, the chief executive officer now owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kathryn Bueker sold 3,937 shares of HubSpot stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the transaction, the chief financial officer now directly owns 45,737 shares in the company, valued at approximately $28,197,317.87. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,491 shares of company stock worth $28,092,844. 4.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HUBS. Riverview Trust Co bought a new position in HubSpot during the 1st quarter worth approximately $27,000. Rakuten Securities Inc. bought a new position in HubSpot during the 4th quarter worth approximately $29,000. Geneos Wealth Management Inc. boosted its stake in HubSpot by 1,125.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after acquiring an additional 45 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after acquiring an additional 47 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in HubSpot by 1,380.0% during the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock worth $43,000 after buying an additional 69 shares during the period. 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.