HubSpot (NYSE:HUBS) Given New $659.00 Price Target at Morgan Stanley

HubSpot (NYSE:HUBS) had its price target trimmed by Morgan Stanley from $898.00 to $659.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the software maker’s stock.

Several other analysts also recently issued reports on the company. The Goldman Sachs Group lifted their price target on HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. UBS Group raised HubSpot from a “neutral” rating to a “buy” rating and dropped their target price for the company from $775.00 to $675.00 in a research report on Tuesday. Royal Bank of Canada upped their price target on HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. StockNews.com downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Stephens began coverage on shares of HubSpot in a report on Wednesday, March 19th. They set an “overweight” rating and a $769.00 target price for the company. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and an average price target of $818.04.

HubSpot Trading Down 0.7 %

Shares of HUBS opened at $543.21 on Wednesday. The stock has a market cap of $28.33 billion, a P/E ratio of 6,036.34, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13. The stock’s 50-day moving average price is $638.06 and its two-hundred day moving average price is $658.96.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities analysts forecast that HubSpot will post 1.01 EPS for the current year.

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 2,382 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the transaction, the chief executive officer now owns 72,373 shares of the company’s stock, valued at $41,536,312.16. This represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the sale, the insider now owns 527,233 shares in the company, valued at approximately $320,283,502.84. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,382 shares of company stock valued at $13,415,657. 4.50% of the stock is owned by insiders.

Hedge Funds Weigh In On HubSpot

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new position in HubSpot during the 3rd quarter worth $25,000. Elequin Capital LP bought a new position in shares of HubSpot during the fourth quarter worth about $27,000. Larson Financial Group LLC lifted its stake in shares of HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after acquiring an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after acquiring an additional 19 shares during the last quarter. Finally, Coppell Advisory Solutions LLC raised its holdings in HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after purchasing an additional 22 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.