HubSpot (NYSE:HUBS) Price Target Raised to $898.00

HubSpot (NYSE:HUBS) had its price target boosted by Morgan Stanley from $835.00 to $898.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an overweight rating on the software maker’s stock.

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus upped their target price on HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Piper Sandler cut HubSpot from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $570.00 to $640.00 in a report on Thursday, November 7th. Wells Fargo & Company raised their target price on shares of HubSpot from $810.00 to $835.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Canaccord Genuity Group upped their price target on shares of HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Bank of America lifted their price target on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and a consensus target price of $863.96.

HubSpot Price Performance

HubSpot stock opened at $812.44 on Thursday. The stock’s 50 day moving average price is $735.53 and its 200 day moving average price is $621.29. HubSpot has a 1-year low of $434.84 and a 1-year high of $881.13. The company has a market cap of $41.94 billion, a PE ratio of -3,008.92, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities research analysts anticipate that HubSpot will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 115 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction 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 approximately $43,668,958.41. This represents a 0.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on 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 sale, the insider now owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,112 shares of company stock worth $51,432,627 in the last 90 days. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of HubSpot

Hedge funds and other institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC grew 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 worth $30,000 after acquiring an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after purchasing an additional 19 shares during the last quarter. Coppell Advisory Solutions LLC boosted its holdings in HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after purchasing an additional 22 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in HubSpot during the third quarter valued at $25,000. Finally, Aster Capital Management DIFC Ltd raised its holdings in shares of HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after purchasing an additional 32 shares during the period. 90.39% of the stock is owned by 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.