HubSpot, Inc. (NYSE:HUBS – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday 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 $779.73 and last traded at $757.99, with a volume of 892897 shares changing hands. The stock had previously closed at $726.61.

Several other equities analysts have also recently commented on HUBS. Stifel Nicolaus increased their target price on HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, December 9th. UBS Group cut HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. TD Cowen cut HubSpot from a “buy” rating to a “hold” rating and raised their price objective for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. JPMorgan Chase & Co. raised their price objective on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Scotiabank raised their price objective on HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $724.52.

View Our Latest Research Report on HUBS

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 115 shares of the firm’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 transaction, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total value of $16,815,500.00. Following the completion of the transaction, the chief technology officer now directly owns 1,323,145 shares in the company, valued at $889,973,789.90. The trade was a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,066 shares of company stock valued at $54,900,427 in the last three months. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Avitas Wealth Management LLC increased its position in HubSpot by 0.8% in the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock worth $1,420,000 after buying an additional 17 shares during the period. HM Payson & Co. increased its position in HubSpot by 36.0% in 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. MassMutual Private Wealth & Trust FSB increased its position in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after buying an additional 19 shares during the period. Pallas Capital Advisors LLC increased its position in HubSpot by 1.9% in the 4th quarter. Pallas Capital Advisors LLC now owns 1,146 shares of the software maker’s stock worth $798,000 after buying an additional 21 shares during the period. Finally, Ballentine Partners LLC increased its position in HubSpot by 4.6% in the 4th quarter. Ballentine Partners LLC now owns 564 shares of the software maker’s stock worth $393,000 after buying an additional 25 shares during the period. 90.39% of the stock is owned by institutional investors.

HubSpot Stock Performance

The company has a 50-day simple moving average of $716.86 and a 200 day simple moving average of $591.70. The company has a market capitalization of $39.13 billion, a P/E ratio of -2,807.26, a P/E/G ratio of 40.57 and a beta of 1.70.

HubSpot (NYSE:HUBS – Get Free Report) last announced 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 return on equity of 1.16% and a negative net margin of 0.56%. The company had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same quarter last year, the firm earned ($0.04) EPS. HubSpot’s revenue for the quarter was up 20.1% compared to the same quarter last year. As a group, sell-side analysts forecast that HubSpot, Inc. will post 0.42 earnings per share for the current year.

About HubSpot

(Get Free Report)

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.

Further Reading

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