HubSpot (NYSE:HUBS) Price Target Raised to $815.00

HubSpot (NYSE:HUBS) had its target price hoisted by stock analysts at Barclays from $725.00 to $815.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the software maker’s stock. Barclays‘s price target indicates a potential upside of 3.84% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of HubSpot from $810.00 to $835.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Piper Sandler lowered shares of HubSpot from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $570.00 to $640.00 in a report on Thursday, November 7th. Citigroup lifted their price target on shares of HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday. UBS Group cut shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 17th. Finally, Mizuho lifted their target price on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. 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, the stock has an average rating of “Moderate Buy” and an average price target of $781.38.

HubSpot Stock Performance

Shares of HUBS stock opened at $784.84 on Thursday. The firm’s 50 day moving average price is $732.48 and its two-hundred day moving average price is $617.71. HubSpot has a 52-week low of $434.84 and a 52-week high of $811.79. The stock has a market cap of $40.51 billion, a PE ratio of -2,906.71, a PEG ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data 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%. As a group, sell-side analysts predict that HubSpot will post 0.42 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In other news, Director Lorrie M. Norrington sold 572 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $690.00, for a total value of $394,680.00. Following the sale, the director now directly owns 1,697 shares of the company’s stock, valued at approximately $1,170,930. This represents a 25.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the sale, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. The trade was a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,112 shares of company stock valued at $51,432,627. 4.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Creative Planning boosted its position in HubSpot by 10.7% during the third quarter. Creative Planning now owns 6,706 shares of the software maker’s stock worth $3,565,000 after purchasing an additional 650 shares during the period. Swedbank AB lifted its stake in shares of HubSpot by 1.7% during the 3rd quarter. Swedbank AB now owns 26,361 shares of the software maker’s stock worth $14,014,000 after buying an additional 441 shares during the last quarter. Wolff Wiese Magana LLC boosted its holdings in shares of HubSpot by 19.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 395 shares of the software maker’s stock worth $210,000 after buying an additional 64 shares during the period. Harbour Capital Advisors LLC grew its stake in HubSpot by 1.1% in the 3rd quarter. Harbour Capital Advisors LLC now owns 8,397 shares of the software maker’s stock valued at $4,543,000 after buying an additional 88 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in HubSpot by 3.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock valued at $494,000 after acquiring an additional 27 shares during the period. 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.