HubSpot (NYSE:HUBS) Earns Buy Rating from Analysts at Redburn Atlantic

Redburn Atlantic began coverage on shares of HubSpot (NYSE:HUBS) in a research note released on Wednesday morning, MarketBeat.com reports. The firm issued a buy rating on the software maker’s stock.

Other research analysts have also recently issued reports about the stock. UBS Group upped their price objective on shares of HubSpot from $740.00 to $775.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Barclays upped their price objective on shares of HubSpot from $725.00 to $815.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 13th. Morgan Stanley upped their price objective on shares of HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. BMO Capital Markets increased their price target on shares of HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, Needham & Company LLC increased their price target on shares of HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $863.96.

HubSpot Stock Down 2.9 %

Shares of HUBS opened at $726.43 on Wednesday. The business’s 50-day moving average price is $739.84 and its 200-day moving average price is $629.64. The stock has a market cap of $37.88 billion, a PE ratio of 8,072.32, a P/E/G ratio of 42.71 and a beta of 1.72. HubSpot has a twelve month low of $434.84 and a twelve month high of $881.13.

HubSpot (NYSE:HUBS) last posted 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 0.07% and a net margin of 0.17%. Analysts expect that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 61,179 shares in the company, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the sale, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,112 shares of company stock worth $35,878,612. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Several large investors have recently modified their holdings of HUBS. Creative Planning raised its position in shares of HubSpot by 10.7% in the 3rd quarter. Creative Planning now owns 6,706 shares of the software maker’s stock worth $3,565,000 after purchasing an additional 650 shares during the last quarter. Blue Trust Inc. raised its position in shares of HubSpot by 57.9% in the 3rd quarter. Blue Trust Inc. now owns 720 shares of the software maker’s stock worth $425,000 after purchasing an additional 264 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of HubSpot by 16.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 690 shares of the software maker’s stock worth $367,000 after purchasing an additional 100 shares during the last quarter. Eastern Bank purchased a new position in shares of HubSpot in the 3rd quarter worth about $80,000. Finally, International Assets Investment Management LLC raised its position in shares of HubSpot by 214,342.4% in the 3rd quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock worth $672,590,000 after purchasing an additional 126,462 shares during the last quarter. Hedge funds and other 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.