HubSpot (NYSE:HUBS) Price Target Raised to $815.00 at Barclays

HubSpot (NYSE:HUBS) had its target price lifted by Barclays from $725.00 to $815.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the software maker’s stock. Barclays‘s price target would indicate a potential upside of 3.84% from the company’s current price.

HUBS has been the subject of several other research reports. Scotiabank upped their price target on HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, January 8th. TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and increased their price target for the company from $680.00 to $725.00 in a report on Friday, January 17th. Canaccord Genuity Group lifted their price target on shares of HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. BMO Capital Markets upped their price objective on shares of HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada lifted their target price on shares of HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $781.38.

HubSpot Stock Performance

Shares of HUBS opened at $784.84 on Thursday. The firm has a market cap of $40.51 billion, a PE ratio of -2,906.71, a PEG ratio of 43.94 and a beta of 1.72. The firm’s 50 day moving average price is $732.48 and its 200 day moving average price is $617.71. HubSpot has a twelve month low of $434.84 and a twelve month high of $811.79.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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 anticipate that HubSpot will post 0.42 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In other 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 transaction of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Yamini Rangan sold 115 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,112 shares of company stock valued at $51,432,627. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HUBS. Larson Financial Group LLC grew its stake in shares of HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in HubSpot by 73.1% during 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new position in HubSpot in the 3rd quarter valued at $25,000. Bank of Jackson Hole Trust bought a new position in HubSpot in the 4th quarter valued at $35,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of HubSpot in the 4th quarter valued at $36,000. Institutional investors and hedge funds 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.