HubSpot (NYSE:HUBS) Upgraded at StockNews.com

StockNews.com upgraded shares of HubSpot (NYSE:HUBS) from a hold rating to a buy rating in a report issued on Friday.

A number of other equities analysts also recently commented on the stock. William Blair restated an “outperform” rating on shares of HubSpot in a research report on Thursday. Piper Sandler upped their price objective on shares of HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research report on Thursday. Truist Financial restated a “buy” rating and set a $900.00 price objective (up previously from $750.00) on shares of HubSpot in a research report on Thursday. Morgan Stanley upped their price objective on shares of HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Oppenheimer upped their price objective on shares of HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $863.96.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $812.44 on Friday. The stock has a market cap of $41.94 billion, a P/E ratio of -3,008.92, a P/E/G ratio of 43.94 and a beta of 1.72. The firm has a fifty day moving average price of $735.53 and a 200 day moving average price of $622.22. HubSpot has a 1-year low of $434.84 and a 1-year high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data 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 return on equity of 1.16% and a negative net margin of 0.56%. Sell-side analysts expect that HubSpot will post 0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total transaction of $82,085.85. Following the sale, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their position. 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 firm’s stock in a transaction dated 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 sale, the insider now directly owns 513,698 shares in the company, valued at $339,857,459.82. This represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,112 shares of company stock valued at $51,432,627 in the last ninety days. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several hedge funds have recently modified their holdings of HUBS. Wilmington Savings Fund Society FSB acquired a new stake in shares of HubSpot during the 3rd quarter worth about $25,000. Larson Financial Group LLC boosted its position in shares of HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after acquiring an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted 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 during the last quarter. Coppell Advisory Solutions LLC boosted its position in shares of HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after acquiring an additional 22 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its position in shares of HubSpot by 213.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after acquiring an additional 32 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

About HubSpot

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.