HubSpot (NYSE:HUBS) Given “Buy” Rating at Truist Financial

HubSpot (NYSE:HUBS)‘s stock had its “buy” rating reissued by equities research analysts at Truist Financial in a research note issued on Thursday,Benzinga reports. They currently have a $900.00 price objective on the software maker’s stock, up from their prior price objective of $750.00. Truist Financial’s price target suggests a potential upside of 14.67% from the stock’s previous close.

A number of other equities analysts have also weighed in on HUBS. Piper Sandler boosted their price objective on shares of HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research report on Thursday. The Goldman Sachs Group increased their price target on HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Needham & Company LLC lifted their price objective on HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday. Citigroup increased their target price on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Royal Bank of Canada lifted their price target on HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $808.38.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $784.84 on Thursday. HubSpot has a 12 month low of $434.84 and a 12 month high of $811.79. The firm has a market capitalization of $40.51 billion, a price-to-earnings ratio of -2,906.71, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72. The business’s 50 day simple moving average is $732.48 and its 200-day simple moving average is $617.71.

HubSpot (NYSE:HUBS) last posted its earnings results 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%. On average, equities analysts anticipate that HubSpot will post 0.42 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the sale, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. This trade represents a 4.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the sale, the chief executive officer now directly owns 61,179 shares in the company, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,112 shares of company stock worth $51,432,627 over the last quarter. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of HubSpot

Several large investors have recently modified their holdings of HUBS. Farther Finance Advisors LLC lifted its stake in shares of HubSpot by 5.4% in the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock worth $178,000 after acquiring an additional 13 shares in the last quarter. Wedbush Securities Inc. increased its holdings in HubSpot by 3.4% during the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock worth $274,000 after purchasing an additional 13 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of HubSpot by 2.4% in the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock valued at $445,000 after purchasing an additional 15 shares in the last quarter. Amalgamated Bank boosted its stake in shares of HubSpot by 0.5% during the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock valued at $2,271,000 after buying an additional 16 shares during the last quarter. Finally, Avitas Wealth Management LLC grew its position in shares of HubSpot by 0.8% during the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock worth $1,420,000 after buying an additional 17 shares in the last quarter. 90.39% of the stock is currently 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.