HubSpot (NYSE:HUBS) Given New $900.00 Price Target at Needham & Company LLC

HubSpot (NYSE:HUBS) had its target price upped by equities researchers at Needham & Company LLC from $730.00 to $900.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 10.78% from the company’s current price.

A number of other brokerages have also recently weighed in on HUBS. Oppenheimer boosted their price target on HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday. Mizuho boosted their price target on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Piper Sandler lifted their price objective on HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research note on Thursday. UBS Group lowered HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Finally, Royal Bank of Canada lifted their price objective on HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $857.75.

HubSpot Trading Down 0.9 %

HUBS opened at $812.44 on Thursday. The stock has a market cap of $41.94 billion, a price-to-earnings ratio of -3,008.92, a PEG ratio of 43.94 and a beta of 1.72. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13. The stock has a fifty day moving average price of $734.12 and a 200 day moving average price of $619.11.

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

Insider Activity

In other news, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00. Following the transaction, the chief technology officer now directly owns 1,323,145 shares of the company’s stock, valued at $889,973,789.90. The trade was a 1.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yamini Rangan sold 115 shares of the business’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 value 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 $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. In the last ninety days, insiders have sold 73,112 shares of company stock worth $51,432,627. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. GDS Wealth Management acquired a new position in HubSpot during the 3rd quarter worth $2,149,000. Pallas Capital Advisors LLC acquired a new position in HubSpot during the 3rd quarter worth $624,000. Icon Wealth Advisors LLC lifted its holdings in HubSpot by 3,346.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock worth $11,212,000 after buying an additional 20,479 shares in the last quarter. Curi RMB Capital LLC lifted its holdings in HubSpot by 15.1% during the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after buying an additional 937 shares in the last quarter. Finally, Advantage Alpha Capital Partners LP lifted its holdings in HubSpot by 113.4% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker’s stock worth $9,923,000 after buying an additional 9,919 shares in 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.