HubSpot (NYSE:HUBS) Receives “Buy” Rating from Truist Financial

Truist Financial reissued their buy rating on shares of HubSpot (NYSE:HUBS) in a report released on Thursday morning,Benzinga reports. The firm currently has a $900.00 target price on the software maker’s stock, up from their previous target price of $750.00.

Several other equities analysts also recently weighed in on the stock. UBS Group downgraded shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Barclays increased their price target on shares of HubSpot from $725.00 to $815.00 and gave the stock an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. increased their price target on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday. TD Cowen downgraded shares of HubSpot from a “buy” rating to a “hold” rating and increased their price target for the stock from $680.00 to $725.00 in a report on Friday, January 17th. Finally, Piper Sandler increased their price target on shares of HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $857.75.

HubSpot Stock Up 4.3 %

HUBS opened at $819.36 on Thursday. HubSpot has a 52-week low of $434.84 and a 52-week high of $881.13. The company has a market cap of $42.30 billion, a P/E ratio of -3,034.57, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72. The firm’s 50-day moving average price is $732.48 and its 200-day moving average price is $617.71.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (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%. On average, research analysts anticipate that HubSpot will post 0.42 EPS for the current fiscal year.

Insider Activity

In other HubSpot news, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now owns 61,179 shares in the company, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm’s 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 completion of the transaction, the insider now owns 513,698 shares in the company, valued at $339,857,459.82. The trade was a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,112 shares of company stock worth $51,432,627 in the last quarter. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB purchased a new position in HubSpot in the 3rd quarter valued at $25,000. Larson Financial Group LLC lifted its holdings in 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in HubSpot by 73.1% in the 4th 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. Aster Capital Management DIFC Ltd lifted its holdings in HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock valued at $33,000 after purchasing an additional 32 shares in the last quarter. Finally, Bank of Jackson Hole Trust purchased a new position in HubSpot in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.