Piper Sandler Raises HubSpot (NYSE:HUBS) Price Target to $808.00

HubSpot (NYSE:HUBS) had its price target raised by investment analysts at Piper Sandler from $640.00 to $808.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the software maker’s stock. Piper Sandler’s target price points to a potential upside of 2.95% from the company’s previous close.

Several other equities analysts have also recently commented on HUBS. Scotiabank raised their target price on shares of HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a research note on Wednesday, January 8th. Truist Financial reiterated a “buy” rating and set a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Canaccord Genuity Group upped their target price on HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday. TD Cowen cut HubSpot from a “buy” rating to a “hold” rating and lifted their price target for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Finally, Jefferies Financial Group boosted their price objective on HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $795.04.

HubSpot Price Performance

Shares of NYSE HUBS opened at $784.84 on Thursday. HubSpot has a 1-year low of $434.84 and a 1-year high of $811.79. The business’s fifty day moving average price is $732.48 and its two-hundred day moving average price is $617.71. The firm has a market capitalization of $40.51 billion, a PE ratio of -2,906.71, a P/E/G ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS 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%. Equities research analysts expect that HubSpot will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the sale, the chief executive officer now directly owns 61,179 shares in the company, valued at $43,668,958.41. The trade was a 0.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the transaction, the insider now owns 513,698 shares in the company, valued at $339,857,459.82. This represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,112 shares of company stock worth $51,432,627. 4.50% of the stock is currently owned by company insiders.

Institutional Trading of HubSpot

A number of institutional investors have recently added to or reduced their stakes in the business. MIG Capital LLC bought a new position in shares of HubSpot during the 4th quarter valued at $332,000. Ilmarinen Mutual Pension Insurance Co increased its position in HubSpot by 25.9% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 17,000 shares of the software maker’s stock worth $11,845,000 after buying an additional 3,500 shares during the last quarter. Wedbush Securities Inc. increased its position in HubSpot by 3.4% during the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock worth $274,000 after buying an additional 13 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in HubSpot by 2.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 67,895 shares of the software maker’s stock valued at $47,307,000 after buying an additional 1,717 shares in the last quarter. Finally, Hel Ved Capital Management Ltd lifted its position in shares of HubSpot by 172.4% in the fourth quarter. Hel Ved Capital Management Ltd now owns 4,835 shares of the software maker’s stock worth $3,369,000 after buying an additional 3,060 shares during 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.