HubSpot (NYSE:HUBS) Hits New 12-Month High on Analyst Upgrade

Shares of HubSpot, Inc. (NYSE:HUBS) hit a new 52-week high during mid-day 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. The stock had previously closed at $726.61.

HUBS has been the topic of several other research reports. Wells Fargo & Company increased their target price on HubSpot from $750.00 to $810.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Mizuho upped their target price on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Canaccord Genuity Group boosted their price objective on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. BMO Capital Markets lifted their target price on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, UBS Group lowered shares of HubSpot from a “strong-buy” rating to a “hold” rating 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $724.52.

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the transaction, the chief executive officer now owns 54,079 shares in the company, valued at approximately $37,941,285.61. This represents a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction that occurred 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 completion of 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. Over the last ninety days, insiders sold 78,066 shares of company stock worth $54,900,427. Company insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

A number of hedge funds have recently modified their holdings of the business. Wellington Management Group LLP boosted its stake in HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after purchasing an additional 480,796 shares in the last quarter. Geode Capital Management LLC raised its holdings in HubSpot by 2.5% in the third quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after buying an additional 19,974 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of HubSpot by 17.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after buying an additional 86,688 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of HubSpot by 8.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock valued at $280,186,000 after buying an additional 40,138 shares during the last quarter. Finally, Holocene Advisors LP raised its holdings in HubSpot by 17.5% in the 3rd quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock worth $169,988,000 after acquiring an additional 47,736 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

The firm has a 50-day moving average of $720.89 and a 200-day moving average of $595.82. The firm has a market capitalization of $40.25 billion, a P/E ratio of -2,887.28, a PEG ratio of 40.57 and a beta of 1.70.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. During the same period in the prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. On average, research analysts forecast that HubSpot, Inc. will post 0.42 EPS for the current fiscal year.

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.