HubSpot (NYSE:HUBS) Reaches New 52-Week High on Analyst Upgrade

HubSpot, Inc. (NYSE:HUBS)’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 traded. The stock had previously closed at $726.61.

A number of other analysts have also weighed in on HUBS. Oppenheimer lifted their price target on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Mizuho lifted their target price on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Truist Financial restated a “buy” rating and set a $750.00 target price (up from $600.00) on shares of HubSpot in a research report on Friday, November 8th. TD Cowen cut shares of HubSpot from a “buy” rating to a “hold” rating and lifted their price target for the stock from $680.00 to $725.00 in a research report on Friday, January 17th. Finally, Morgan Stanley increased their price objective on shares of HubSpot from $747.00 to $835.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $724.52.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kathryn Bueker sold 4,381 shares of HubSpot stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $3,066,700.00. Following the completion of the transaction, the chief financial officer now owns 41,259 shares in the company, valued at approximately $28,881,300. The trade was a 9.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,066 shares of company stock valued at $54,900,427. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Institutional investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new position in HubSpot during the 3rd quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB lifted its holdings in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after buying an additional 19 shares during the period. HM Payson & Co. boosted its position in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after acquiring an additional 18 shares during the last quarter. Friedenthal Financial bought a new stake in HubSpot during the fourth quarter valued at $50,000. Finally, Crewe Advisors LLC grew its holdings in HubSpot by 37.3% during the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after acquiring an additional 28 shares during the period. 90.39% of the stock is owned by institutional investors.

HubSpot Trading Down 1.9 %

The stock has a market capitalization of $40.25 billion, a P/E ratio of -2,887.28, a price-to-earnings-growth ratio of 40.57 and a beta of 1.70. The company has a 50-day moving average price of $720.89 and a two-hundred day moving average price of $595.82.

HubSpot (NYSE:HUBS) last released its 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. The company had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. During the same quarter in the previous year, the company earned ($0.04) EPS. HubSpot’s quarterly revenue was up 20.1% compared to the same quarter last year. Research analysts forecast that HubSpot, Inc. will post 0.42 earnings per share for the current 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.