HubSpot (NYSE:HUBS) Given New $900.00 Price Target at The Goldman Sachs Group

HubSpot (NYSE:HUBS) had its price target boosted by equities research analysts at The Goldman Sachs Group from $783.00 to $900.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 8.53% from the company’s current price.

A number of other brokerages also recently commented on HUBS. Royal Bank of Canada boosted their price objective on shares of HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research note on Thursday. Jefferies Financial Group boosted their price target on HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. William Blair reaffirmed an “outperform” rating on shares of HubSpot in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Bank of America increased their price target on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $846.50.

HubSpot Trading Up 5.6 %

Shares of HUBS traded up $43.78 during midday trading on Thursday, reaching $829.28. 695,450 shares of the stock were exchanged, compared to its average volume of 467,439. The company has a market capitalization of $42.81 billion, a P/E ratio of -3,071.00, a PEG ratio of 43.94 and a beta of 1.72. HubSpot has a 52 week low of $434.84 and a 52 week high of $881.13. The company’s 50 day moving average is $732.48 and its two-hundred day moving average is $617.71.

HubSpot (NYSE:HUBS) last issued its 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 expect that HubSpot will post 0.42 EPS for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the transaction, the insider now owns 513,698 shares in the company, valued at approximately $339,857,459.82. This represents a 1.63 % 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, CFO Kathryn Bueker sold 1,796 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the sale, the chief financial officer now directly owns 38,560 shares in the company, valued at approximately $27,053,310.40. The trade was a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,112 shares of company stock valued at $51,432,627. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On HubSpot

Large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in shares of HubSpot by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker’s stock worth $1,029,262,000 after purchasing an additional 74,990 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of HubSpot by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker’s stock worth $577,572,000 after acquiring an additional 9,922 shares during the last quarter. Groupama Asset Managment lifted its holdings in HubSpot by 3.8% in the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker’s stock valued at $506,412,000 after purchasing an additional 26,799 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in HubSpot by 18.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker’s stock valued at $471,068,000 after purchasing an additional 104,800 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of HubSpot by 3.8% during the fourth quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock worth $469,987,000 after buying an additional 24,799 shares in 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.