HubSpot (NYSE:HUBS) Given New $650.00 Price Target at Barclays

HubSpot (NYSE:HUBS) had its target price hoisted by analysts at Barclays from $500.00 to $650.00 in a report released on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the software maker’s stock. Barclays‘s price target suggests a potential upside of 0.02% from the stock’s previous close.

Several other brokerages have also issued reports on HUBS. The Goldman Sachs Group increased their target price on shares of HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research note on Thursday. Piper Sandler cut shares of HubSpot from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $570.00 to $640.00 in a report on Thursday. UBS Group increased their target price on shares of HubSpot from $550.00 to $650.00 and gave the stock a “neutral” rating in a research report on Thursday. Citigroup decreased their price objective on HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Bank of America decreased their target price on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $660.96.

HubSpot Trading Up 0.8 %

Shares of NYSE:HUBS traded up $5.25 on Friday, reaching $649.86. 432,411 shares of the company’s stock were exchanged, compared to its average volume of 591,324. HubSpot has a twelve month low of $413.07 and a twelve month high of $693.85. The company has a fifty day moving average of $529.41 and a 200-day moving average of $545.99. The company has a market capitalization of $33.37 billion, a price-to-earnings ratio of -1,199.76, a PEG ratio of 7,506.16 and a beta of 1.63.

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

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 1,374 shares of HubSpot stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $755,700.00. Following the transaction, the chief executive officer now directly owns 61,294 shares in the company, valued at approximately $33,711,700. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other HubSpot news, CFO Kathryn Bueker sold 1,804 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $22,692,450. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 1,374 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $755,700.00. Following the completion of the sale, the chief executive officer now directly owns 61,294 shares of the company’s stock, valued at approximately $33,711,700. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,937 shares of company stock worth $3,194,673 over the last 90 days. Company insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

A number of institutional investors have recently bought and sold shares of HUBS. Vanguard Group Inc. lifted its stake in shares of HubSpot by 0.8% during the first quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock worth $3,025,964,000 after buying an additional 39,098 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of HubSpot by 10.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after purchasing an additional 176,336 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of HubSpot by 0.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 484,586 shares of the software maker’s stock valued at $285,804,000 after acquiring an additional 3,775 shares during the last quarter. Capital Research Global Investors increased its stake in shares of HubSpot by 0.9% in the first quarter. Capital Research Global Investors now owns 452,210 shares of the software maker’s stock worth $283,337,000 after acquiring an additional 4,242 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of HubSpot by 88.7% during the second quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock worth $142,468,000 after purchasing an additional 113,555 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.