HubSpot (NYSE:HUBS) Now Covered by Analysts at Macquarie

Macquarie assumed coverage on shares of HubSpot (NYSE:HUBS) in a research report report published on Monday morning, MarketBeat reports. The brokerage issued an outperform rating and a $730.00 target price on the software maker’s stock.

Other equities research analysts have also issued research reports about the company. Stephens started coverage on HubSpot in a research report on Wednesday, March 19th. They issued an “overweight” rating and a $769.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Sanford C. Bernstein started coverage on HubSpot in a research note on Thursday, March 20th. They issued a “market perform” rating and a $693.00 price target for the company. Piper Sandler raised their price objective on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, William Blair reaffirmed an “outperform” rating on shares of HubSpot in a research note on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and a consensus price target of $848.58.

HubSpot Trading Up 3.3 %

Shares of NYSE HUBS opened at $626.39 on Monday. The stock has a market cap of $32.67 billion, a price-to-earnings ratio of 6,960.61, a PEG ratio of 41.44 and a beta of 1.80. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13. The company has a 50 day simple moving average of $713.86 and a two-hundred day simple moving average of $657.13.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Analysts forecast that HubSpot will post 1.01 EPS for the current year.

Insider Activity

In related news, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the sale, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. This trade represents a 4.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lorrie M. Norrington sold 572 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $721.60, for a total transaction of $412,755.20. Following the completion of the sale, the director now owns 1,125 shares in the company, valued at approximately $811,800. This trade represents a 33.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,425 shares of company stock valued at $15,866,151. 4.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HubSpot

Institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its holdings in HubSpot by 5.4% in the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock valued at $178,000 after purchasing an additional 13 shares during the last quarter. Wedbush Securities Inc. increased its stake in HubSpot by 3.4% during the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock worth $274,000 after purchasing an additional 13 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of HubSpot by 2.4% in the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock valued at $445,000 after purchasing an additional 15 shares during the period. Amalgamated Bank grew its holdings in shares of HubSpot by 0.5% in the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock valued at $2,271,000 after purchasing an additional 16 shares in the last quarter. Finally, Avitas Wealth Management LLC increased its stake 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 buying an additional 17 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.