HubSpot (NYSE:HUBS) Price Target Raised to $900.00

HubSpot (NYSE:HUBS) had its price target boosted by Oppenheimer from $850.00 to $900.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an outperform rating on the software maker’s stock.

Several other research analysts have also recently weighed in on the company. BMO Capital Markets lifted their price target on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their target price on shares of HubSpot from $810.00 to $835.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Scotiabank raised their price target on shares of HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a research report on Wednesday, January 8th. Citigroup upped their price objective on shares of HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Piper Sandler raised their target price on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research report on Thursday. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and an average target price of $863.96.

HubSpot Trading Down 0.9 %

NYSE:HUBS opened at $812.44 on Thursday. The company has a market capitalization of $41.94 billion, a P/E ratio of -3,008.92, a PEG ratio of 43.94 and a beta of 1.72. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13. The firm has a fifty day simple moving average of $735.53 and a 200-day simple moving average of $621.29.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. Equities analysts forecast that HubSpot will post 0.42 EPS for the current year.

Insider Buying and Selling at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the completion of the transaction, the chief technology officer now owns 1,272,077 shares of the company’s stock, valued at approximately $941,197,051.53. This trade represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 115 shares of the company’s 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 sale, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $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 a total of 73,112 shares of company stock valued at $51,432,627 in the last three months. 4.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GDS Wealth Management acquired a new stake in HubSpot in the 3rd quarter valued at about $2,149,000. Pallas Capital Advisors LLC purchased a new stake in shares of HubSpot during the third quarter worth approximately $624,000. Icon Wealth Advisors LLC raised its holdings in HubSpot by 3,346.2% in the third quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock valued at $11,212,000 after acquiring an additional 20,479 shares in the last quarter. Curi RMB Capital LLC lifted its stake in HubSpot by 15.1% in the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after acquiring an additional 937 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP lifted its stake in HubSpot by 113.4% in the third quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker’s stock worth $9,923,000 after acquiring an additional 9,919 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

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.