HubSpot (NYSE:HUBS) Given New $725.00 Price Target at Barclays

HubSpot (NYSE:HUBS) had its price objective hoisted by Barclays from $650.00 to $725.00 in a research report released on Monday,Benzinga reports. Barclays currently has an equal weight rating on the software maker’s stock.

Several other brokerages have also issued reports on HUBS. Stifel Nicolaus lifted their target price on shares of HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, December 9th. UBS Group downgraded shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Royal Bank of Canada lifted their price target on shares of HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Bank of America lifted their price target on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, The Goldman Sachs Group lifted their price target on shares of HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $724.52.

HubSpot Stock Performance

NYSE HUBS opened at $757.99 on Monday. HubSpot has a 52-week low of $434.84 and a 52-week high of $779.73. The company has a 50-day simple moving average of $716.86 and a 200 day simple moving average of $591.70. The company has a market capitalization of $39.13 billion, a PE ratio of -2,807.26, a price-to-earnings-growth ratio of 40.57 and a beta of 1.70.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company’s revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) earnings per share. As a group, analysts forecast that HubSpot will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, November 19th. The shares were 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 of the company’s stock, valued at approximately $339,857,459.82. This represents a 1.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kathryn Bueker sold 4,381 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at $28,881,300. This trade represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,066 shares of company stock worth $54,900,427 in the last three months. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of HubSpot

Several institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after acquiring an additional 480,796 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of HubSpot by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock valued at $435,184,000 after acquiring an additional 19,974 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of HubSpot by 17.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after acquiring an additional 86,688 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of HubSpot by 8.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock valued at $280,186,000 after acquiring an additional 40,138 shares during the last quarter. Finally, Holocene Advisors LP boosted its holdings in shares of HubSpot by 17.5% during the 3rd quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock valued at $169,988,000 after acquiring an additional 47,736 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.