HubSpot (NYSE:HUBS) Sets New 1-Year High on Analyst Upgrade

HubSpot, Inc. (NYSE:HUBS) hit a new 52-week high during trading on Thursday after Needham & Company LLC raised their price target on the stock from $730.00 to $900.00. Needham & Company LLC currently has a buy rating on the stock. HubSpot traded as high as $830.00 and last traded at $837.11, with a volume of 17901 shares changing hands. The stock had previously closed at $785.50.

A number of other analysts also recently commented on HUBS. Canaccord Genuity Group increased their price objective on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a report on Thursday. Evercore ISI increased their price target on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. UBS Group lowered HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Morgan Stanley upped their target price on HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Bank of America lifted their price target on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $808.38.

Insider Activity

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction 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 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Yamini Rangan sold 115 shares of the company’s 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 sale, the chief executive officer now directly owns 61,179 shares in the company, valued at $43,668,958.41. This represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,112 shares of company stock valued at $51,432,627. 4.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning raised its position in HubSpot by 10.7% in the 3rd quarter. Creative Planning now owns 6,706 shares of the software maker’s stock valued at $3,565,000 after purchasing an additional 650 shares in the last quarter. Swedbank AB raised its holdings in HubSpot by 1.7% in the third quarter. Swedbank AB now owns 26,361 shares of the software maker’s stock valued at $14,014,000 after acquiring an additional 441 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in HubSpot by 19.3% in the third quarter. Wolff Wiese Magana LLC now owns 395 shares of the software maker’s stock valued at $210,000 after acquiring an additional 64 shares in the last quarter. Harbour Capital Advisors LLC lifted its stake in HubSpot by 1.1% in the third quarter. Harbour Capital Advisors LLC now owns 8,397 shares of the software maker’s stock worth $4,543,000 after acquiring an additional 88 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in HubSpot by 3.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock worth $494,000 after acquiring an additional 27 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Stock Performance

The stock’s 50-day simple moving average is $732.48 and its 200 day simple moving average is $617.71. The company has a market capitalization of $43.21 billion, a PE ratio of -3,100.27, a P/E/G ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate 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, analysts expect 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.