HubSpot’s (HUBS) “Outperform” Rating Reiterated at William Blair

HubSpot (NYSE:HUBS)‘s stock had its “outperform” rating reiterated by William Blair in a research report issued on Thursday,RTT News reports.

A number of other analysts have also recently commented on HUBS. The Goldman Sachs Group boosted their target price on shares of HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Barclays raised their target price on HubSpot from $725.00 to $815.00 and gave the company an “equal weight” rating in a research report on Thursday. Canaccord Genuity Group boosted their price target on HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday. Needham & Company LLC raised their price objective on HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a report on Thursday. Finally, Mizuho upped their target price on shares of 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $819.83.

HubSpot Price Performance

NYSE HUBS traded up $54.95 during trading hours on Thursday, reaching $840.45. The company’s stock had a trading volume of 568,271 shares, compared to its average volume of 462,772. HubSpot has a 1-year low of $434.84 and a 1-year high of $881.13. The company’s 50-day moving average is $732.48 and its two-hundred day moving average is $617.71. The firm has a market capitalization of $43.38 billion, a price-to-earnings ratio of -3,112.64, a P/E/G ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last announced its earnings results 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%. Equities analysts forecast that HubSpot will post 0.42 EPS for the current fiscal year.

Insider Transactions at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 513,698 shares of the company’s stock, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction 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 sale, the chief technology officer now directly owns 1,323,145 shares in the company, valued at $889,973,789.90. This represents a 1.85 % decrease in their position. 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 currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HUBS. Norges Bank purchased a new stake in shares of HubSpot during the 4th quarter worth $420,345,000. Wellington Management Group LLP raised its stake in HubSpot by 52.2% in the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after buying an additional 480,796 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in HubSpot in the fourth quarter valued at $157,019,000. Wealthfront Advisers LLC lifted its holdings in HubSpot by 3,090.2% during the 4th quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock worth $93,049,000 after buying an additional 129,357 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of HubSpot by 214,342.4% during the 3rd quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock worth $672,590,000 after acquiring an additional 126,462 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.