HubSpot (NYSE:HUBS) Given New $900.00 Price Target at Citigroup

HubSpot (NYSE:HUBS) had its price target increased by Citigroup from $750.00 to $900.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a buy rating on the software maker’s stock.

HUBS has been the subject of several other research reports. Evercore ISI boosted their price target on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Stifel Nicolaus boosted their target price on shares of HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Jefferies Financial Group upped their target price on shares of HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Royal Bank of Canada lifted their price target on HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Scotiabank increased their price objective on HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $747.92.

HubSpot Trading Down 2.6 %

Shares of HubSpot stock opened at $784.27 on Tuesday. HubSpot has a twelve month low of $434.84 and a twelve month high of $811.79. The stock has a market capitalization of $40.48 billion, a price-to-earnings ratio of -2,904.61, a PEG ratio of 43.94 and a beta of 1.72. The business’s 50 day simple moving average is $730.62 and its 200-day simple moving average is $614.48.

Insider Buying and Selling at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 1,796 shares of the business’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 sale, the chief financial officer now owns 38,560 shares in the company, valued at approximately $27,053,310.40. The trade was a 4.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 completion of the transaction, the insider now owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,112 shares of company stock valued at $51,432,627. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of HubSpot by 58.8% in the third quarter. GAMMA Investing LLC now owns 189 shares of the software maker’s stock worth $100,000 after buying an additional 70 shares during the period. CWM LLC lifted its stake in HubSpot by 82.5% in the 3rd quarter. CWM LLC now owns 4,363 shares of the software maker’s stock worth $2,320,000 after acquiring an additional 1,972 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in HubSpot by 266.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 366 shares of the software maker’s stock worth $195,000 after acquiring an additional 266 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in HubSpot by 13.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,749 shares of the software maker’s stock worth $2,525,000 after acquiring an additional 580 shares during the period. Finally, Creative Planning grew its stake in HubSpot by 10.7% during the 3rd quarter. Creative Planning now owns 6,706 shares of the software maker’s stock valued at $3,565,000 after acquiring an additional 650 shares in the last quarter. 90.39% of the stock is currently 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.