HubSpot (NYSE:HUBS) Given New $980.00 Price Target at Raymond James

HubSpot (NYSE:HUBS) had its price target increased by analysts at Raymond James from $750.00 to $980.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the software maker’s stock. Raymond James’ price objective would indicate a potential upside of 18.17% from the stock’s current price.

HUBS has been the topic of a number of other research reports. Bank of America upped their price objective on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Morgan Stanley increased their price target on HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research note on Thursday. William Blair reaffirmed an “outperform” rating on shares of HubSpot in a report on Thursday. Stifel Nicolaus upped their price objective on shares of HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a report on Thursday. Finally, UBS Group increased their price objective on shares of HubSpot from $740.00 to $775.00 and gave the company a “neutral” rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $846.50.

HubSpot Stock Up 5.6 %

Shares of NYSE HUBS traded up $43.78 during trading hours on Thursday, hitting $829.28. The company had a trading volume of 695,450 shares, compared to its average volume of 467,439. HubSpot has a 1-year low of $434.84 and a 1-year high of $881.13. The firm’s 50 day moving average is $732.48 and its 200-day moving average is $617.71. The stock has a market capitalization of $42.81 billion, a P/E ratio of -3,071.00, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 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%. On average, sell-side analysts predict that HubSpot will post 0.42 earnings per share for the current year.

Insider Activity

In other news, CEO Yamini Rangan sold 115 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. This 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 hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction dated 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 sale, 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. In the last three months, insiders have sold 73,112 shares of company stock worth $51,432,627. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Several large investors have recently modified their holdings of the business. Wellington Management Group LLP increased its holdings in HubSpot by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker’s stock valued at $1,029,262,000 after purchasing an additional 74,990 shares during the period. Geode Capital Management LLC increased its stake in shares of HubSpot by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker’s stock valued at $577,572,000 after buying an additional 9,922 shares during the period. Groupama Asset Managment raised its position in shares of HubSpot by 3.8% during the fourth quarter. Groupama Asset Managment now owns 726,799 shares of the software maker’s stock worth $506,412,000 after acquiring an additional 26,799 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of HubSpot by 18.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker’s stock worth $471,068,000 after acquiring an additional 104,800 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of HubSpot by 3.8% in the fourth quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock worth $469,987,000 after acquiring an additional 24,799 shares during the period. Institutional investors own 90.39% of the company’s stock.

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.