HubSpot (NYSE:HUBS) Stock Price Expected to Rise, Citigroup Analyst Says

HubSpot (NYSE:HUBS) had its target price boosted by investment analysts at Citigroup from $750.00 to $900.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Citigroup’s price target points to a potential upside of 12.15% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and boosted their target price for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Evercore ISI boosted their price objective on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Scotiabank raised their target price on shares of HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a report on Wednesday, January 8th. Needham & Company LLC reiterated a “buy” rating and set a $730.00 price target on shares of HubSpot in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $747.92.

HubSpot Trading Up 4.1 %

Shares of NYSE:HUBS opened at $802.51 on Tuesday. The company has a 50-day moving average price of $729.04 and a 200 day moving average price of $612.33. HubSpot has a 12 month low of $434.84 and a 12 month high of $811.79. The company has a market cap of $41.43 billion, a price-to-earnings ratio of -2,972.16, a PEG ratio of 43.94 and a beta of 1.72.

Insider Activity at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the sale, the chief technology officer now directly owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. The trade was a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 54,079 shares in the company, 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. Insiders sold 73,112 shares of company stock valued at $51,432,627 over the last 90 days. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Harvest Fund Management Co. Ltd lifted its holdings in shares of HubSpot by 6,327.6% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 1,864 shares of the software maker’s stock worth $1,298,000 after purchasing an additional 1,835 shares during the period. Vinva Investment Management Ltd raised its position in HubSpot by 46.4% during the 4th quarter. Vinva Investment Management Ltd now owns 5,127 shares of the software maker’s stock worth $3,586,000 after buying an additional 1,626 shares during the last quarter. Xponance Inc. lifted its stake in HubSpot by 10.6% during the 4th quarter. Xponance Inc. now owns 9,492 shares of the software maker’s stock valued at $6,614,000 after acquiring an additional 906 shares during the period. Generali Asset Management SPA SGR acquired a new stake in shares of HubSpot in the fourth quarter worth $1,274,000. Finally, Horizon Investments LLC increased its stake in shares of HubSpot by 4.3% in the fourth quarter. Horizon Investments LLC now owns 514 shares of the software maker’s stock worth $358,000 after acquiring an additional 21 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.