JPMorgan Chase & Co. Forecasts Strong Price Appreciation for HubSpot (NYSE:HUBS) Stock

HubSpot (NYSE:HUBS) had its price objective upped by JPMorgan Chase & Co. from $635.00 to $725.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the software maker’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 7.62% from the company’s current price.

A number of other equities analysts have also weighed in on the company. TD Cowen lowered HubSpot from a “buy” rating to a “hold” rating and increased their price target for the company from $680.00 to $725.00 in a research report on Friday, January 17th. UBS Group lowered HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 17th. Mizuho increased their price target on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Evercore ISI increased their price target on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group increased their price target on HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $747.92.

HubSpot Stock Up 0.0 %

Shares of HUBS stock opened at $784.84 on Tuesday. The stock has a 50-day simple moving average of $731.91 and a 200 day simple moving average of $616.53. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $811.79. The stock has a market capitalization of $40.51 billion, a P/E ratio of -2,906.71, a P/E/G ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. On average, sell-side analysts anticipate that HubSpot will post 0.42 earnings per share for the current year.

Insider Transactions at HubSpot

In related news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00. Following the transaction, the chief technology officer now directly owns 1,323,145 shares of the company’s stock, valued at approximately $889,973,789.90. This trade represents a 1.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,112 shares of company stock valued at $51,432,627 in the last three months. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its position in HubSpot by 5.4% in the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock worth $178,000 after buying an additional 13 shares during the period. First Horizon Advisors Inc. increased its position in HubSpot by 2.4% in the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock worth $445,000 after buying an additional 15 shares during the period. Amalgamated Bank increased its position in HubSpot by 0.5% in the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock worth $2,271,000 after buying an additional 16 shares during the period. Avitas Wealth Management LLC increased its position in HubSpot by 0.8% in 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. Finally, Principal Securities Inc. increased its position in HubSpot by 17.2% in the 4th quarter. Principal Securities Inc. now owns 116 shares of the software maker’s stock worth $81,000 after buying an additional 17 shares during the period. 90.39% of the stock is owned by 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.