HubSpot (NYSE:HUBS) Price Target Raised to $950.00

HubSpot (NYSE:HUBS) had its price target lifted by Royal Bank of Canada from $825.00 to $950.00 in a report released on Thursday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the software maker’s stock.

Other analysts also recently issued research reports about the stock. Citigroup lifted their target price on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. UBS Group lifted their target price on shares of HubSpot from $740.00 to $775.00 and gave the company a “neutral” rating in a report on Thursday. Wells Fargo & Company lifted their target price on shares of HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a report on Thursday. Piper Sandler lifted their target price on shares of HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Barclays lifted their target price on shares of HubSpot from $725.00 to $815.00 and gave the company an “equal weight” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $863.96.

HubSpot Stock Performance

Shares of HubSpot stock opened at $812.44 on Thursday. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13. The company has a market capitalization of $41.94 billion, a P/E ratio of -3,008.92, a PEG ratio of 43.94 and a beta of 1.72. The company’s fifty day moving average is $735.53 and its two-hundred day moving average is $621.29.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. As a group, equities analysts expect that HubSpot will post 0.42 earnings per share for the current year.

Insiders Place Their Bets

In other HubSpot news, CFO Kathryn Bueker sold 1,796 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the transaction, the chief financial officer now owns 38,560 shares of the company’s stock, valued at $27,053,310.40. This trade represents a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following 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. Insiders have sold a total of 73,112 shares of company stock valued at $51,432,627 over the last quarter. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several large investors have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV increased its position in shares of HubSpot by 28.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,087 shares of the software maker’s stock worth $1,454,000 after acquiring an additional 463 shares in the last quarter. Comerica Bank increased its position in shares of HubSpot by 3.7% in the fourth quarter. Comerica Bank now owns 13,886 shares of the software maker’s stock worth $9,675,000 after acquiring an additional 501 shares in the last quarter. AQR Capital Management LLC increased its position in shares of HubSpot by 19.2% in the fourth quarter. AQR Capital Management LLC now owns 208,237 shares of the software maker’s stock worth $145,094,000 after acquiring an additional 33,566 shares in the last quarter. Lido Advisors LLC increased its position in shares of HubSpot by 78.8% in the fourth quarter. Lido Advisors LLC now owns 1,976 shares of the software maker’s stock worth $1,377,000 after acquiring an additional 871 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of HubSpot by 18.0% in the fourth quarter. Northern Trust Corp now owns 345,535 shares of the software maker’s stock worth $240,758,000 after acquiring an additional 52,792 shares in the last quarter. Institutional investors and hedge funds 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.