Stephens Initiates Coverage on HubSpot (NYSE:HUBS)

Equities researchers at Stephens assumed coverage on shares of HubSpot (NYSE:HUBS) in a research report issued on Wednesday, Marketbeat reports. The brokerage set an “overweight” rating and a $769.00 price target on the software maker’s stock. Stephens’ price objective indicates a potential upside of 28.84% from the stock’s previous close.

A number of other research analysts have also recently issued reports on HUBS. William Blair reissued an “outperform” rating on shares of HubSpot in a research report on Thursday, February 13th. Barclays raised shares of HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price target for the company in a research report on Wednesday, March 12th. Needham & Company LLC lifted their price target on shares of HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Canaccord Genuity Group lifted their price target on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Morgan Stanley lifted their price target on shares of HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $853.32.

HubSpot Trading Down 1.3 %

NYSE:HUBS opened at $596.87 on Wednesday. The company has a 50-day moving average price of $717.30 and a 200-day moving average price of $653.29. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13. The stock has a market cap of $31.13 billion, a price-to-earnings ratio of 6,632.60, a P/E/G ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last posted its 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 negative return on equity of 0.07% and a net margin of 0.17%. Equities analysts forecast that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Transactions at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the transaction, the insider now directly owns 524,751 shares in the company, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of HubSpot stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the transaction, the chief executive officer now owns 54,079 shares in the company, valued at $37,941,285.61. This trade represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,425 shares of company stock worth $15,866,151 over the last three months. 4.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HubSpot

Several institutional investors and hedge funds have recently bought and sold shares of HUBS. Norges Bank purchased a new position in HubSpot during the fourth quarter valued at $420,345,000. Wellington Management Group LLP lifted its position in HubSpot by 52.2% during the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after purchasing an additional 480,796 shares in the last quarter. Raymond James Financial Inc. purchased a new position in HubSpot during the fourth quarter valued at $157,019,000. Wealthfront Advisers LLC lifted its position in HubSpot by 3,090.2% during the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock valued at $93,049,000 after purchasing an additional 129,357 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of HubSpot in the fourth quarter valued at about $79,135,000. 90.39% of the stock is currently 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.