HubSpot (NYSE:HUBS) Price Target Raised to $885.00 at BMO Capital Markets

HubSpot (NYSE:HUBS) had its price objective lifted by BMO Capital Markets from $690.00 to $885.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the software maker’s stock.

Several other brokerages have also recently weighed in on HUBS. The Goldman Sachs Group raised their target price on shares of HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a report on Thursday. Citigroup raised their target price on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley raised their target price on shares of HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a report on Thursday. Truist Financial reaffirmed a “buy” rating and issued a $900.00 target price (up previously from $750.00) on shares of HubSpot in a report on Thursday. Finally, Piper Sandler raised their target price on shares of HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $857.75.

HubSpot Stock Performance

Shares of HUBS opened at $819.36 on Thursday. The stock has a market capitalization of $42.30 billion, a PE ratio of -3,034.57, a P/E/G ratio of 43.94 and a beta of 1.72. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13. The company’s 50-day simple moving average is $732.48 and its 200-day simple moving average is $617.71.

HubSpot (NYSE:HUBS) last issued its quarterly 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%. On average, sell-side analysts predict that HubSpot will post 0.42 earnings per share for the current year.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total transaction of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the transaction, the insider now owns 513,698 shares in the company, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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

A number of hedge funds and other institutional investors have recently bought and sold shares of HUBS. Wilmington Savings Fund Society FSB purchased a new position in HubSpot in the 3rd quarter valued at $25,000. Larson Financial Group LLC grew its position in HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after buying an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after buying an additional 19 shares during the last quarter. Aster Capital Management DIFC Ltd grew its position in HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock valued at $33,000 after buying an additional 32 shares during the last quarter. Finally, Bank of Jackson Hole Trust purchased a new position in HubSpot in the 4th quarter valued at $35,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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.