HubSpot (NYSE:HUBS) Price Target Raised to $900.00

HubSpot (NYSE:HUBS) had its price objective hoisted by stock analysts at Scotiabank from $825.00 to $900.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the software maker’s stock. Scotiabank’s target price suggests a potential upside of 8.64% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. Mizuho upped their target price on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. TD Cowen downgraded shares of HubSpot from a “buy” rating to a “hold” rating and increased their price objective for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Canaccord Genuity Group increased their price objective on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday. Needham & Company LLC increased their price objective on shares of HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday. Finally, KeyCorp raised shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective on the stock in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and an average target price of $857.75.

HubSpot Stock Up 5.5 %

Shares of NYSE:HUBS traded up $42.90 during midday trading on Thursday, reaching $828.40. The company’s stock had a trading volume of 797,732 shares, compared to its average volume of 470,369. The firm has a 50 day moving average of $732.48 and a 200-day moving average of $617.71. The firm has a market capitalization of $42.76 billion, a P/E ratio of -3,067.95, a PEG ratio of 43.94 and a beta of 1.72. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates 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, research analysts predict that HubSpot will post 0.42 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the sale, the chief technology officer now owns 1,272,077 shares in the company, valued at $941,197,051.53. This trade represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of HubSpot stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the sale, the chief executive officer now owns 54,079 shares in the company, valued at approximately $37,941,285.61. The trade was a 5.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,112 shares of company stock worth $51,432,627. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of HubSpot in the fourth quarter valued at $420,345,000. Wellington Management Group LLP grew its holdings in shares of HubSpot by 52.2% in the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after purchasing an additional 480,796 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of HubSpot in the fourth quarter valued at $157,019,000. Wealthfront Advisers LLC grew its holdings in shares of HubSpot by 3,090.2% in the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock valued at $93,049,000 after purchasing an additional 129,357 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of HubSpot by 214,342.4% in the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock valued at $672,590,000 after purchasing an additional 126,462 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Company Profile

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.