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

HubSpot, Inc. (NYSE:HUBSGet Free Report)’s share price reached a new 52-week high during trading on Thursday after Scotiabank raised their price target on the stock from $825.00 to $900.00. Scotiabank currently has a sector outperform rating on the stock. HubSpot traded as high as $830.00 and last traded at $837.11, with a volume of 17901 shares. The stock had previously closed at $785.50.

A number of other equities analysts have also commented on HUBS. Canaccord Genuity Group lifted their price objective on HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley boosted their price target on HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research note on Thursday. Mizuho boosted their price target on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Citigroup boosted their price target on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Wells Fargo & Company boosted their price target on HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $857.75.

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Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 115 shares of the business’s 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 owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 513,698 shares in the company, valued at approximately $339,857,459.82. This represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,112 shares of company stock valued at $51,432,627. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot during the 3rd quarter valued at $25,000. Larson Financial Group LLC lifted its position in shares of HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after buying an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after buying an additional 19 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its position in shares of HubSpot by 213.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock valued at $33,000 after buying an additional 32 shares during the last quarter. Finally, Bank of Jackson Hole Trust purchased a new position in shares of HubSpot during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Trading Up 4.3 %

The business has a 50-day moving average price of $732.48 and a 200 day moving average price of $617.71. The stock has a market cap of $42.30 billion, a PE ratio of -3,034.57, a PEG ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBSGet Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. On average, equities analysts predict that HubSpot, Inc. will post 0.42 earnings per share for the current year.

About HubSpot

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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.

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