HubSpot (NYSE:HUBS) Price Target Raised to $815.00

HubSpot (NYSE:HUBS) had its target price hoisted by Barclays from $725.00 to $815.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the software maker’s stock.

A number of other brokerages have also recently issued reports on HUBS. Morgan Stanley raised their price objective on HubSpot from $747.00 to $835.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. The Goldman Sachs Group raised their price objective on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Piper Sandler cut HubSpot from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $570.00 to $640.00 in a research note on Thursday, November 7th. Oppenheimer increased their target price on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, UBS Group lowered shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and an average target price of $863.96.

HubSpot Stock Performance

HubSpot stock opened at $812.44 on Thursday. The stock has a market cap of $41.94 billion, a P/E ratio of -3,008.92, a PEG ratio of 43.94 and a beta of 1.72. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The firm’s fifty day moving average price is $735.53 and its 200-day moving average price is $621.29.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. Sell-side analysts predict that HubSpot will post 0.42 earnings per share for the current year.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold 73,112 shares of company stock valued at $51,432,627 over the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV lifted its stake in shares of HubSpot by 28.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,087 shares of the software maker’s stock valued at $1,454,000 after buying an additional 463 shares in the last quarter. Comerica Bank lifted its stake in HubSpot by 3.7% in the 4th quarter. Comerica Bank now owns 13,886 shares of the software maker’s stock worth $9,675,000 after purchasing an additional 501 shares in the last quarter. AQR Capital Management LLC lifted its stake in HubSpot by 19.2% in the 4th quarter. AQR Capital Management LLC now owns 208,237 shares of the software maker’s stock worth $145,094,000 after purchasing an additional 33,566 shares in the last quarter. Lido Advisors LLC lifted its stake in HubSpot by 78.8% in the 4th quarter. Lido Advisors LLC now owns 1,976 shares of the software maker’s stock worth $1,377,000 after purchasing an additional 871 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in HubSpot by 18.0% in the 4th quarter. Northern Trust Corp now owns 345,535 shares of the software maker’s stock worth $240,758,000 after purchasing an additional 52,792 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.