HubSpot (NYSE:HUBS) Price Target Raised to $635.00

HubSpot (NYSE:HUBS) had its target price boosted by JPMorgan Chase & Co. from $560.00 to $635.00 in a report released on Thursday,Benzinga reports. The firm currently has an overweight rating on the software maker’s stock.

Several other research firms have also weighed in on HUBS. UBS Group upped their target price on HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a report on Thursday. Bank of America lowered their price objective on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and set a $730.00 target price on shares of HubSpot in a research report on Monday, October 14th. Piper Sandler cut HubSpot from an “overweight” rating to a “neutral” rating and increased their target price for the company from $570.00 to $640.00 in a report on Thursday. Finally, Truist Financial reissued a “buy” rating and issued a $600.00 price target (down from $700.00) on shares of HubSpot in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and a consensus target price of $666.26.

HubSpot Trading Up 1.9 %

Shares of NYSE:HUBS traded up $11.95 on Thursday, reaching $656.56. 947,094 shares of the company were exchanged, compared to its average volume of 380,530. The company has a 50-day moving average of $535.45 and a 200-day moving average of $546.83. The firm has a market cap of $33.89 billion, a price-to-earnings ratio of -2,431.70, a price-to-earnings-growth ratio of 7,948.12 and a beta of 1.63. HubSpot has a 1-year low of $413.07 and a 1-year high of $693.85.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.22%. The company had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same period in the prior year, the business posted ($0.04) earnings per share. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year.

Insiders Place Their Bets

In related news, CFO Kathryn Bueker sold 1,136 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total value of $597,354.24. Following the transaction, the chief financial officer now owns 41,259 shares in the company, valued at approximately $21,695,632.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Yamini Rangan sold 116 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathryn Bueker sold 1,136 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $597,354.24. Following the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at $21,695,632.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,937 shares of company stock worth $3,194,673 over the last three months. 4.50% of the stock is owned by insiders.

Institutional Trading of HubSpot

A number of hedge funds have recently made changes to their positions in HUBS. Vanguard Group Inc. increased its stake in HubSpot by 0.8% during the 1st 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 position in shares of HubSpot by 10.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock valued at $1,211,535,000 after purchasing an additional 176,336 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position 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 purchasing an additional 3,775 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of HubSpot by 0.9% during the 1st quarter. Capital Research Global Investors now owns 452,210 shares of the software maker’s stock valued at $283,337,000 after buying an additional 4,242 shares during the last quarter. Finally, Marshall Wace LLP grew its position 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 buying an additional 113,555 shares in 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.