HubSpot (NYSE:HUBS) Shares Up 6.2% Following Analyst Upgrade

HubSpot, Inc. (NYSE:HUBS)’s stock price traded up 6.2% during mid-day trading on Monday after Barclays raised their price target on the stock from $650.00 to $725.00. Barclays currently has an equal weight rating on the stock. HubSpot traded as high as $762.00 and last traded at $772.00. 133,251 shares were traded during trading, a decline of 61% from the average session volume of 338,936 shares. The stock had previously closed at $726.61.

Other equities research analysts have also issued reports about the company. The Goldman Sachs Group boosted their target price on HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Bank of America upped their price objective on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Stifel Nicolaus lifted their target price on shares of HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Morgan Stanley upped their price target on shares of HubSpot from $747.00 to $835.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, TD Cowen lowered HubSpot from a “buy” rating to a “hold” rating and increased their target price for the company from $680.00 to $725.00 in a report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $724.52.

Insiders Place Their Bets

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the transaction, the insider now owns 513,698 shares in the company, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction dated 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. This represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,066 shares of company stock valued at $54,900,427 over the last quarter. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HUBS. Wilmington Savings Fund Society FSB bought a new stake in HubSpot in the third quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the period. HM Payson & Co. lifted its position in shares of HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after buying an additional 18 shares during the period. Friedenthal Financial bought a new position in shares of HubSpot during the fourth quarter valued at $50,000. Finally, Crewe Advisors LLC boosted its stake in shares of HubSpot by 37.3% in the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after purchasing an additional 28 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Trading Up 6.4 %

The firm has a market cap of $39.91 billion, a P/E ratio of -2,857.26, a price-to-earnings-growth ratio of 40.57 and a beta of 1.70. The company’s fifty day moving average price is $716.86 and its two-hundred day moving average price is $591.70.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same quarter last year, the business posted ($0.04) earnings per share. The company’s revenue was up 20.1% on a year-over-year basis. On average, analysts predict that HubSpot, Inc. will post 0.42 EPS for the current fiscal year.

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.