Barclays Upgrades HubSpot (NYSE:HUBS) to Overweight

Barclays upgraded shares of HubSpot (NYSE:HUBS) from an equal weight rating to an overweight rating in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage currently has $815.00 target price on the software maker’s stock.

A number of other research firms have also issued reports on HUBS. Jefferies Financial Group increased their price target on HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. StockNews.com lowered HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Canaccord Genuity Group increased their price target on HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Scotiabank increased their price objective on HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a report on Thursday, February 13th. Finally, Citigroup increased their price objective on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $863.96.

HubSpot Trading Up 3.5 %

HUBS opened at $611.22 on Wednesday. The firm has a market cap of $31.88 billion, a price-to-earnings ratio of 6,792.10, a PEG ratio of 41.44 and a beta of 1.80. The stock’s 50-day moving average price is $729.43 and its 200 day moving average price is $649.98. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, research analysts forecast that HubSpot will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the completion of the sale, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $374,819,745.70. This trade represents a 1.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total value of $18,497,250.00. Following the sale, the chief technology officer now directly owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. The trade was a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,997 shares of company stock valued at $35,796,526. 4.50% of the stock is owned by company insiders.

Institutional Trading of HubSpot

Hedge funds have recently modified their holdings of the business. Elequin Capital LP acquired a new stake in shares of HubSpot in the 4th quarter valued at approximately $27,000. Larson Financial Group LLC lifted its holdings in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after buying an additional 19 shares during the period. Coppell Advisory Solutions LLC lifted its holdings in shares of HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after buying an additional 22 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of HubSpot in the 3rd quarter valued at approximately $25,000. 90.39% of the stock is owned by institutional investors and hedge funds.

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.