Oppenheimer Issues Positive Forecast for HubSpot (NYSE:HUBS) Stock Price

HubSpot (NYSE:HUBS) had its price objective boosted by Oppenheimer from $625.00 to $740.00 in a report published on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the software maker’s stock.

HUBS has been the topic of several other research reports. JPMorgan Chase & Co. lifted their price objective on shares of HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research report on Thursday. Wells Fargo & Company boosted their price target on shares of HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a research note on Thursday. Stifel Nicolaus boosted their target price on HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Citigroup cut their price target on HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Royal Bank of Canada lifted their price objective on HubSpot from $700.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $660.96.

HubSpot Trading Up 1.9 %

Shares of HUBS traded up $11.95 during trading hours on Thursday, reaching $656.56. 946,901 shares of the stock traded hands, compared to its average volume of 593,695. The company has a market cap of $33.71 billion, a P/E ratio of -1,199.76, a price-to-earnings-growth ratio of 7,506.16 and a beta of 1.63. The company’s 50-day moving average price is $529.41 and its two-hundred day moving average price is $545.99. HubSpot has a 52-week low of $413.07 and a 52-week high of $693.85.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, beating the consensus estimate of $1.64 by $0.30. The business had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The business’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the business earned ($1.17) earnings per share.

Insiders Place Their Bets

In related news, CFO Kathryn Bueker sold 1,804 shares of the company’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $992,200.00. Following the transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at $22,692,450. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 1,804 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $22,692,450. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,937 shares of company stock valued at $3,194,673. 4.50% of the stock is currently owned by insiders.

Institutional Trading of HubSpot

Several large investors have recently added to or reduced their stakes in HUBS. Geneos Wealth Management Inc. boosted its position in HubSpot by 1,125.0% in the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after buying an additional 45 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of HubSpot in the 2nd quarter valued at $35,000. HM Payson & Co. increased its stake in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after acquiring an additional 18 shares during the period. Crewe Advisors LLC raised its holdings in shares of HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after purchasing an additional 63 shares during the last quarter. Finally, J.Safra Asset Management Corp lifted its position in HubSpot by 690.9% during the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after purchasing an additional 76 shares during the period. 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.