Macquarie Initiates Coverage on HubSpot (NYSE:HUBS)

Macquarie initiated coverage on shares of HubSpot (NYSE:HUBS) in a research report issued on Monday,Benzinga reports. The firm set an “outperform” rating and a $730.00 price target on the software maker’s stock. Macquarie’s price objective suggests a potential upside of 20.68% from the stock’s current price.

A number of other research analysts have also recently issued reports on the stock. Citigroup increased their target price on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Truist Financial reaffirmed a “buy” rating and issued a $900.00 price objective (up from $750.00) on shares of HubSpot in a research note on Thursday, February 13th. Jefferies Financial Group boosted their target price on HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Bank of America upped their target price on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, StockNews.com lowered shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and an average price target of $848.58.

HubSpot Price Performance

Shares of HUBS stock opened at $604.89 on Monday. The business’s fifty day moving average price is $715.33 and its 200 day moving average price is $656.27. The firm has a market capitalization of $31.55 billion, a PE ratio of 6,721.75, a P/E/G ratio of 41.44 and a beta of 1.80. HubSpot has a 1-year low of $434.84 and a 1-year high of $881.13.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. Equities research analysts expect that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the transaction, the insider now owns 527,233 shares of the company’s stock, valued at $320,283,502.84. This trade represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kathryn Bueker sold 1,796 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the sale, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at $27,053,310.40. This represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,425 shares of company stock valued at $15,866,151. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Large investors have recently modified their holdings of the company. Intech Investment Management LLC raised its holdings in HubSpot by 14.9% in the third quarter. Intech Investment Management LLC now owns 2,788 shares of the software maker’s stock valued at $1,482,000 after buying an additional 362 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of HubSpot by 2.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 194,538 shares of the software maker’s stock worth $103,416,000 after acquiring an additional 4,331 shares in the last quarter. Citigroup Inc. raised its stake in shares of HubSpot by 17.4% in the 3rd quarter. Citigroup Inc. now owns 26,285 shares of the software maker’s stock valued at $13,973,000 after acquiring an additional 3,895 shares during the period. Penserra Capital Management LLC raised its stake in shares of HubSpot by 16.4% in the 3rd quarter. Penserra Capital Management LLC now owns 3,380 shares of the software maker’s stock valued at $1,795,000 after acquiring an additional 476 shares during the period. Finally, Swedbank AB lifted its holdings in shares of HubSpot by 1.7% during the 3rd quarter. Swedbank AB now owns 26,361 shares of the software maker’s stock valued at $14,014,000 after acquiring an additional 441 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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.