HubSpot (NYSE:HUBS) Trading 6.2% Higher Following Analyst Upgrade

HubSpot, Inc. (NYSE:HUBS)’s share price was up 6.2% during mid-day trading on Monday 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 $762.00 and last traded at $772.00. Approximately 133,251 shares changed hands during trading, a decline of 61% from the average daily volume of 338,936 shares. The stock had previously closed at $726.61.

Other equities research analysts have also issued research reports about the company. Mizuho raised their target price on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. TD Cowen cut shares of HubSpot from a “buy” rating to a “hold” rating and raised their price objective for the stock from $680.00 to $725.00 in a report on Friday, January 17th. Royal Bank of Canada boosted their price objective on shares of HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Stifel Nicolaus increased their target price on shares of HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Canaccord Genuity Group boosted their price target on shares of HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $724.52.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 115 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Dawson Alyssa Harvey sold 573 shares of HubSpot stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the transaction, the insider now owns 7,603 shares in the company, valued at $5,322,100. The trade was a 7.01 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 78,066 shares of company stock worth $54,900,427. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

A number of large investors have recently modified their holdings of the company. Avitas Wealth Management LLC increased its position in HubSpot by 0.8% during the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock worth $1,420,000 after purchasing an additional 17 shares in the last quarter. HM Payson & Co. increased its position in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after acquiring an additional 18 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after acquiring an additional 19 shares in the last quarter. Pallas Capital Advisors LLC raised its stake in shares of HubSpot by 1.9% in the 4th quarter. Pallas Capital Advisors LLC now owns 1,146 shares of the software maker’s stock valued at $798,000 after acquiring an additional 21 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in shares of HubSpot by 4.6% during the 4th quarter. Ballentine Partners LLC now owns 564 shares of the software maker’s stock valued at $393,000 after acquiring an additional 25 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Trading Up 4.3 %

The stock has a market capitalization of $39.13 billion, a PE ratio of -2,807.26, a PEG ratio of 40.57 and a beta of 1.70. The business’s 50-day moving average is $716.86 and its two-hundred day moving average is $591.70.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.27. The company had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) earnings per share. On average, analysts predict 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.