HubSpot (NYSE:HUBS) Upgraded at KeyCorp

KeyCorp upgraded shares of HubSpot (NYSE:HUBS) from a sector weight rating to an overweight rating in a report issued on Thursday morning, MarketBeat Ratings reports. The firm currently has $920.00 target price on the software maker’s stock.

A number of other equities analysts have also commented on HUBS. Evercore ISI boosted their price objective on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Stifel Nicolaus increased their price objective on shares of HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Canaccord Genuity Group boosted their target price on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday. Truist Financial reiterated 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. Finally, Royal Bank of Canada raised their price target on shares of HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and an average price target of $863.96.

HubSpot Stock Performance

Shares of NYSE:HUBS opened at $812.44 on Thursday. The company’s fifty day moving average is $735.53 and its 200-day moving average is $621.29. HubSpot has a 52 week low of $434.84 and a 52 week high of $881.13. The company has a market capitalization of $41.94 billion, a PE 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 quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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%. On average, analysts forecast that HubSpot will post 0.42 EPS for the current year.

Insider Transactions at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the sale, the chief technology officer now owns 1,323,145 shares of the company’s stock, valued at $889,973,789.90. This trade represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the business’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 value of $5,623,515.00. Following the completion of the transaction, the insider now owns 513,698 shares of the company’s stock, valued at $339,857,459.82. This represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,112 shares of company stock valued at $51,432,627 over the last three months. 4.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of HubSpot during the fourth quarter worth $420,345,000. Wellington Management Group LLP raised its stake in shares of HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after purchasing an additional 480,796 shares during the period. Raymond James Financial Inc. bought a new stake in shares of HubSpot in the fourth quarter valued at about $157,019,000. Wealthfront Advisers LLC boosted its position in shares of HubSpot by 3,090.2% during the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock worth $93,049,000 after buying an additional 129,357 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in shares of HubSpot by 214,342.4% during the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock worth $672,590,000 after buying an additional 126,462 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

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.