HubSpot (NYSE:HUBS) Stock Price Expected to Rise, Piper Sandler Analyst Says

HubSpot (NYSE:HUBS) had its price target boosted by equities research analysts at Piper Sandler from $640.00 to $808.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the software maker’s stock. Piper Sandler’s price objective suggests a potential downside of 0.55% from the company’s previous close.

Several other equities research analysts have also recently issued reports on HUBS. Canaccord Genuity Group raised their target price on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup lifted their price target on shares of HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday. Truist Financial reiterated a “buy” rating and set a $750.00 price target (up previously from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Morgan Stanley lifted their price target on shares of HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Evercore ISI lifted their price target on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $857.75.

HubSpot Trading Down 0.9 %

Shares of HUBS stock opened at $812.44 on Thursday. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13. The firm’s 50 day moving average is $734.12 and its 200 day moving average is $619.11. The stock has a market capitalization of $41.94 billion, a P/E ratio of -3,008.92, a P/E/G ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. As a group, equities analysts predict that HubSpot will post 0.42 earnings per share for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the transaction, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at $27,053,310.40. The trade was a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,112 shares of company stock worth $51,432,627. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP boosted its stake in shares of HubSpot by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker’s stock worth $1,029,262,000 after purchasing an additional 74,990 shares during the period. Geode Capital Management LLC boosted its stake in shares of HubSpot by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker’s stock worth $577,572,000 after purchasing an additional 9,922 shares during the period. Groupama Asset Managment boosted its stake in shares of HubSpot by 3.8% during the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker’s stock worth $506,412,000 after purchasing an additional 26,799 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of HubSpot by 18.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker’s stock worth $471,068,000 after purchasing an additional 104,800 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of HubSpot by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock worth $469,987,000 after purchasing an additional 24,799 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.