HubSpot (NYSE:HUBS) Given New $808.00 Price Target at Piper Sandler

HubSpot (NYSE:HUBS) had its price target upped by Piper Sandler from $640.00 to $808.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the software maker’s stock.

Several other equities analysts have also recently commented on HUBS. Canaccord Genuity Group increased their target price on HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday. BMO Capital Markets upped their price target on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. UBS Group lowered shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Bank of America upped their price objective on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Wells Fargo & Company raised their price objective on HubSpot from $810.00 to $835.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $857.75.

HubSpot Trading Up 4.3 %

Shares of HUBS stock opened at $819.36 on Thursday. The company has a market cap of $42.30 billion, a PE ratio of -3,034.57, a P/E/G ratio of 43.94 and a beta of 1.72. The company’s fifty day simple moving average is $732.48 and its 200-day simple moving average is $617.71. HubSpot has a 52 week low of $434.84 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS) last released its quarterly earnings data 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 net margin of 0.56% and a negative return on equity of 1.16%. Equities research analysts expect that HubSpot will post 0.42 EPS for the current fiscal year.

Insider Activity

In other news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the transaction, the chief technology officer now owns 1,323,145 shares in the company, valued at approximately $889,973,789.90. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the sale, the insider now owns 513,698 shares of the company’s stock, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,112 shares of company stock worth $51,432,627. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On HubSpot

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC boosted its position in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after purchasing an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot in the third quarter valued at $25,000. Aster Capital Management DIFC Ltd boosted its position in shares of HubSpot by 213.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after buying an additional 32 shares during the period. Finally, Bank of Jackson Hole Trust purchased a new position in shares of HubSpot during the fourth quarter valued at $35,000. 90.39% of the stock is owned by institutional investors and hedge funds.

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.