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

HubSpot (NYSE:HUBS) had its price objective lifted by The Goldman Sachs Group from $783.00 to $900.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

Several other brokerages have also weighed in on HUBS. Canaccord Genuity Group upped their price objective on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a report on Thursday. Needham & Company LLC upped their price objective on shares of HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a report on Thursday. Truist Financial reiterated a “buy” rating and set a $900.00 price objective (up previously from $750.00) on shares of HubSpot in a report on Thursday. Citigroup upped their target price on shares of HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Scotiabank upped their target price on shares of HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a report on Wednesday, January 8th. Five 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $857.75.

HubSpot Trading Up 4.3 %

Shares of HUBS opened at $819.36 on Thursday. The stock has a market capitalization of $42.30 billion, a P/E ratio of -3,034.57, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72. The firm’s fifty day simple moving average is $732.48 and its two-hundred day simple moving average is $617.71. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. As a group, research analysts predict that HubSpot will post 0.42 EPS for the current fiscal year.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at $339,857,459.82. This represents a 1.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the 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 transaction, the chief technology officer now directly owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. This represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,112 shares of company stock valued at $51,432,627 in the last three months. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Canada Pension Plan Investment Board boosted its holdings in HubSpot by 58.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 48,406 shares of the software maker’s stock worth $33,728,000 after buying an additional 17,818 shares during the period. Regal Investment Advisors LLC boosted its holdings in HubSpot by 11.6% in the 4th quarter. Regal Investment Advisors LLC now owns 1,434 shares of the software maker’s stock worth $999,000 after buying an additional 149 shares during the period. Ontario Teachers Pension Plan Board bought a new position in HubSpot in the 4th quarter worth approximately $785,000. Mariner LLC boosted its holdings in HubSpot by 4.3% in the 4th quarter. Mariner LLC now owns 5,974 shares of the software maker’s stock worth $4,163,000 after buying an additional 249 shares during the period. Finally, SageView Advisory Group LLC bought a new position in HubSpot in the 4th quarter worth approximately $334,000. 90.39% of the stock is owned by institutional investors.

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.