HubSpot (NYSE:HUBS) Price Target Raised to $900.00

HubSpot (NYSE:HUBS) had its price objective increased by Jefferies Financial Group from $860.00 to $900.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a buy rating on the software maker’s stock.

Other research analysts have also issued reports about the stock. Barclays upped their target price on shares of HubSpot from $650.00 to $725.00 and gave the stock an “equal weight” rating in a research report on Monday, January 27th. Morgan Stanley upped their price objective on HubSpot from $747.00 to $835.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Evercore ISI raised their price objective on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Stifel Nicolaus upped their target price on HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Canaccord Genuity Group lifted their price target on shares of HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $732.88.

HubSpot Trading Up 2.1 %

Shares of HUBS opened at $779.58 on Monday. HubSpot has a 12-month low of $434.84 and a 12-month high of $811.79. The company has a market cap of $40.24 billion, a PE ratio of -2,887.24, a price-to-earnings-growth ratio of 44.02 and a beta of 1.72. The stock has a 50-day moving average price of $725.78 and a 200-day moving average price of $606.10.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. The business had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. HubSpot’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.04) earnings per share. As a group, analysts predict that HubSpot will post 0.42 earnings per share for the current year.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 3,057 shares of HubSpot stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the sale, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of HubSpot 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 sale, the insider now owns 513,698 shares in the company, 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 sold a total of 78,066 shares of company stock worth $54,900,427 over the last quarter. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of HubSpot

A number of hedge funds and other institutional investors have recently modified their holdings of HUBS. Wilmington Savings Fund Society FSB purchased a new position in HubSpot during the 3rd quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of HubSpot in the 4th quarter worth approximately $35,000. HM Payson & Co. grew its stake in shares of HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after buying an additional 18 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in shares of HubSpot in the 4th quarter worth approximately $50,000. 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.