HubSpot (NYSE:HUBS) Price Target Raised to $825.00

HubSpot (NYSE:HUBS) had its target price upped by Scotiabank from $700.00 to $825.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “sector outperform” rating on the software maker’s stock. Scotiabank’s price objective indicates a potential upside of 17.85% from the company’s current price.

Several other equities analysts have also commented on the company. Barclays raised their price objective on HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Stifel Nicolaus boosted their price objective on shares of HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. UBS Group upgraded shares of HubSpot from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Royal Bank of Canada lifted their target price on shares of HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company upped their price target on HubSpot from $750.00 to $810.00 and gave the stock an “overweight” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $714.05.

HubSpot Stock Down 1.1 %

Shares of HubSpot stock opened at $700.07 on Wednesday. The firm has a market cap of $36.14 billion, a PE ratio of -2,592.76, a price-to-earnings-growth ratio of 87.75 and a beta of 1.70. The company’s fifty day simple moving average is $694.84 and its two-hundred day simple moving average is $579.08. HubSpot has a 12-month low of $434.84 and a 12-month high of $762.47.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same quarter last year, the firm posted ($0.04) earnings per share. The firm’s revenue was up 20.1% on a year-over-year basis. As a group, sell-side analysts expect that HubSpot will post 0.4 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction dated 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 directly owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. This represents a 1.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 1,374 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $755,700.00. Following the completion of the transaction, the chief executive officer now directly owns 61,294 shares of the company’s stock, valued at approximately $33,711,700. The trade was a 2.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 81,244 shares of company stock valued at $56,648,327. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI increased its position in shares of HubSpot by 23.2% during the 2nd quarter. National Bank of Canada FI now owns 239 shares of the software maker’s stock valued at $142,000 after purchasing an additional 45 shares during the last quarter. Private Advisor Group LLC boosted its stake in HubSpot by 4.3% during the second quarter. Private Advisor Group LLC now owns 1,352 shares of the software maker’s stock worth $797,000 after buying an additional 56 shares during the period. Candriam S.C.A. increased its position in HubSpot by 4.4% during the second quarter. Candriam S.C.A. now owns 3,183 shares of the software maker’s stock valued at $1,877,000 after acquiring an additional 133 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of HubSpot by 138.2% in the second quarter. Acadian Asset Management LLC now owns 2,091 shares of the software maker’s stock valued at $1,232,000 after acquiring an additional 1,213 shares during the period. Finally, Caprock Group LLC lifted its holdings in shares of HubSpot by 30.0% in the 2nd quarter. Caprock Group LLC now owns 576 shares of the software maker’s stock worth $340,000 after acquiring an additional 133 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other 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.