HubSpot (NYSE:HUBS) Reaches New 52-Week High Following Analyst Upgrade

HubSpot, Inc. (NYSE:HUBS) shares hit a new 52-week high during mid-day trading on Tuesday after Barclays raised their price target on the stock from $650.00 to $725.00. Barclays currently has an equal weight rating on the stock. HubSpot traded as high as $779.73 and last traded at $757.99, with a volume of 892897 shares. The stock had previously closed at $726.61.

A number of other research firms also recently commented on HUBS. Royal Bank of Canada raised their target price on HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Canaccord Genuity Group raised their target price on HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group raised their target price on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. raised their target price on HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company raised their target price on HubSpot from $750.00 to $810.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and a consensus target price of $724.52.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at $339,857,459.82. The trade was a 1.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,066 shares of company stock worth $54,900,427 in the last 90 days. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On HubSpot

Hedge funds and other institutional investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot in the 3rd quarter valued at about $25,000. HM Payson & Co. lifted its stake in shares of HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares in the last quarter. Friedenthal Financial acquired a new position in HubSpot during the 4th quarter worth approximately $50,000. Finally, Crewe Advisors LLC lifted its position in HubSpot by 37.3% during the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after acquiring an additional 28 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Trading Up 4.3 %

The firm has a 50-day moving average of $716.86 and a 200 day moving average of $591.70. The stock has a market capitalization of $39.13 billion, a price-to-earnings ratio of -2,807.26, a price-to-earnings-growth ratio of 40.57 and a beta of 1.70.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. HubSpot’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) EPS. As a group, research analysts forecast that HubSpot, Inc. will post 0.42 EPS for the current year.

HubSpot Company Profile

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.