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HubSpot, Inc. (HUBS) Updates Q3 Earnings Guidance

HubSpot, Inc. (HUBS) Updates Q3 Earnings Guidance

UBS AG now has a $80.00 price objective on the software maker's stock, up from their prior price objective of $78.00. UBS AG's price target would suggest a potential upside of 18.78% from the company's previous close. Oppenheimer Holdings, Inc. set a $78.00 price target on shares of HubSpot and gave the company a "buy" rating in a research report on Wednesday, May 3rd. Finally, SunTrust Banks, Inc. initiated coverage on shares of HubSpot in a research report on Monday, June 26th. Dougherty & Company has "Strong Buy" rating and $76 target. Cowen and Company reiterated a "market perform" rating and set a $69.00 price target (up previously from $63.00) on shares of HubSpot in a research note on Friday, August 4th. Oppenheimer Holdings, Inc. set a $78.00 price target on HubSpot and gave the stock a buy rating in a report on Wednesday, May 3rd.

A number of analysts recently weighed in on HUBS shares. The stock presently has an average rating of Buy and a consensus price target of $72.19. (HUBS) opened at 67.35 on Friday. About 262,752 shares traded. The stock's market cap is $2.49 billion. The corporation had a trading volume of 364,971 Stocks. the firms market valuation is $2.44 B. HubSpot has a 1 year low of $44.90 has a 1 year high of $78.50. the company has 50 day SMA price of $69.89 and a two hundred day SMA of $64.85.

The stock of HubSpot Inc (NYSE:HUBS) earned "Neutral" rating by JP Morgan on Wednesday, August 5. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.08. The company had revenue of $89.10 million during the quarter, compared to the consensus estimate of $85.80 million. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. The firm's revenue was up 37.1% compared to the same quarter past year. Insiders sold a total of 57,899 shares of company stock worth $3,934,380 over the last quarter. During the same period in the previous year, the firm posted ($0.07) earnings per share.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by Rincon Hill News and is owned by of Rincon Hill News. If you are accessing this report on another site, it was stolen and reposted in violation of U.S. and worldwide trademark & copyright law. The correct version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/13/first-trust-advisors-lp-has-56-66-million-stake-in-hubspot-inc-nysehubs.html. Also, CEO Brian Halligan sold 25,000 shares of the firm's stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $69.40, for a total value of $694,000.00. Following the transaction, the chief executive officer now directly owns 806,787 shares of the company's stock, valued at $52,239,458.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

In other news, insider Hunter Madeley sold 1,000 shares of the company's stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $72.77, for a total transaction of $1,164,320.00. Following the completion of the sale, the insider now directly owns 89,874 shares of the company's stock, valued at $6,646,182.30. The disclosure for this sale can be found here. State Board of Administration of Florida Retirement System now owns 11,941 shares of the software maker's stock worth $561,000 after buying an additional 130 shares during the period. State Street Corp now owns 504,219 shares of the software maker's stock worth $23,699,000 after buying an additional 12,523 shares during the period. Ameritas Investment Partners Inc. acquired a new position in HubSpot during the first quarter worth approximately $151,000. ARK Investment Management LLC increased its stake in shares of HubSpot by 90.0% in the second quarter. UBS Asset Management Americas has an ownership of 12,862 stocks of the software maker's shares valued at $779,000 after scooping up an extra 7,662 shares through out the quarter. BlackRock Inc. now owns 2,130,883 shares of the software maker's stock valued at $129,025,000 after buying an additional 2,128,306 shares during the period. Point72 Asia Hong Kong Ltd raised its position in HubSpot by 153.1% in the first quarter. Bank of New York Mellon Corp now owns 965,891 shares of the software maker's stock valued at $58,485,000 after buying an additional 192,602 shares during the period.

TRADEMARK VIOLATION WARNING: "3,537 Shares in HubSpot, Inc". Vanguard Group Inc. now owns 2,626,896 shares of the software maker's stock valued at $172,718,000 after buying an additional 97,869 shares in the last quarter. Pier Limited Liability Company has 1.29% invested in HubSpot Inc (NYSE:HUBS).

KeyBanc Capital Markets maintained HubSpot Inc (NYSE:HUBS) rating on Sunday, July 30.