HubSpot (NYSE: HUBS – Get a review) had its target price reduced by Morgan Stanley stock research analysts from $539.00 to $436.00 in a report on Thursday, Benzinga reports. The company currently has an “overweight” rating on the software maker’s stock. Morgan Stanley’s target price indicates a potential upside of 61.46% from the stock’s previous close.

Other research analysts have also released reports on the stock. Scotiabank began covering HubSpot shares in a research note on Thursday, June 9. They issued an “outperform” rating and a price target of $550.00 for the company. Mizuho cut its price target on HubSpot shares from $625.00 to $450.00 and set a “buy” rating for the company in a Friday, May 6 research note. BMO Capital Markets cut its price target on HubSpot shares from $485.00 to $405.00 and set an “outperform” rating for the company in a Friday, May 6 research note. Raymond James cut his price target on HubSpot shares from $700.00 to $500.00 and set a “Strong Buy” rating for the company in a Friday, May 6 research note. Finally, JPMorgan Chase & Co. cut its price target on HubSpot shares from $675.00 to $550.00 in a Friday, May 6 research note. Three analysts gave the stock a hold rating, twenty issued a buy rating and one gave the company a strong buy rating. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $641.28.

NYSE: HUBS opened at $270.03 on Thursday. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt ratio of 0.54. The stock has a market capitalization of $12.90 billion, a PE ratio of -197.10 and a beta of 1.69. The company’s 50-day moving average is $324.16 and its 200-day moving average is $425.56. HubSpot has a 12-month minimum of $259.98 and a 12-month maximum of $866.00.

HubSpot (NYSE: HUBS – Get Rating) last released its quarterly results on Thursday, May 5. The software maker reported ($0.26) EPS for the quarter, beating analyst consensus estimates of ($0.43) by $0.17. The company posted revenue of $395.60 million for the quarter, compared to $383.05 million expected by analysts. HubSpot had a negative net margin of 4.52% and a negative return on equity of 7.33%. HubSpot’s revenue grew 40.6% year over year. In the same quarter of the previous year, the company posted EPS ($0.29). Research analysts predict that HubSpot will post -1.94 earnings per share for the current year.

Separately, CEO Yamini Rangan sold 874 shares of the company in a trade dated Tuesday, April 19. The shares were sold at an average price of $450.00, for a total transaction of $393,300.00. Following completion of the transaction, the CEO now directly owns 59,650 shares of the company, valued at $26,842,500. The sale was disclosed in a legal filing with the SEC, accessible via this hyperlink. Additionally, CTO Dharmesh Shah acquired 10,000 shares in a transaction dated Tuesday, May 17. The shares were purchased at an average cost of $340.08 per share, with a total value of $3,400,800.00. After the purchase was completed, the CTO now owns 1,511,447 shares of the company, valued at approximately $514,012,895.76. Disclosure of this purchase can be found here. In the past ninety days, insiders have sold 15,874 shares of the company valued at $5,221,780. Insiders hold 5.60% of the shares of the company.

Hedge funds have recently increased or reduced their holdings in the stock. Yousif Capital Management LLC bought a new position in HubSpot in the fourth quarter worth approximately $417,000. Teacher Retirement System of Texas increased its stake in HubSpot by 23.8% in the fourth quarter. Teacher Retirement System of Texas now owns 8,773 shares of the software maker worth $5,783,000 after buying 1,685 additional shares in the last quarter. LPL Financial LLC increased its holdings in HubSpot by 10.5% in the fourth quarter. LPL Financial LLC now owns 18,387 shares of the software maker worth $12,120,000 after purchasing an additional 1,744 shares during the period. AE Wealth Management LLC acquired a new stake in HubSpot in the fourth quarter worth approximately $1,209,000. Finally, Cubist Systematic Strategies LLC increased its holdings in HubSpot by 213.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 31,407 shares of the software maker worth $20,702,000 after purchasing an additional 21,372 shares during the period. 91.82% of the shares are held by institutional investors.

About HubSpot (Get an assessment)

HubSpot, Inc provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and Asia-Pacific. The company’s CRM platform includes marketing, sales, service and content management systems, as well as integrated applications, such as search engine optimization, blogging, content management website, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing tools and support, NPS customer surveys, analytics and reports.

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