HubSpot (NYSE:HUBS) Stock Price Expected to Rise, Piper Sandler Analyst Says

HubSpot (NYSE:HUBS) had its price objective hoisted by Piper Sandler from $535.00 to $645.00 in a report issued on Friday,Benzinga reports. Piper Sandler currently has a neutral rating on the software maker’s stock.

Several other equities research analysts have also recently commented on HUBS. BNP Paribas initiated coverage on HubSpot in a research note on Tuesday, April 22nd. They issued an “outperform” rating and a $700.00 price target for the company. Royal Bank of Canada boosted their target price on shares of HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Oppenheimer raised their price target on shares of HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Stifel Nicolaus set a $750.00 price objective on shares of HubSpot in a research note on Friday, April 25th. Finally, Truist Financial lowered their target price on shares of HubSpot from $900.00 to $720.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and an average price target of $772.56.

HubSpot Stock Performance

HubSpot stock opened at $602.31 on Friday. HubSpot has a twelve month low of $434.84 and a twelve month high of $881.13. The firm has a market cap of $31.70 billion, a PE ratio of 6,693.08, a P/E/G ratio of 41.44 and a beta of 1.78. The firm’s 50 day moving average price is $584.93 and its two-hundred day moving average price is $666.55.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. Equities analysts anticipate that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Activity

In related news, CEO Yamini Rangan sold 2,382 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at $41,536,312.16. The trade was a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total value of $4,578,100.00. Following the completion of the sale, the insider now owns 525,687 shares of the company’s stock, valued at $283,135,018.20. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,562 shares of company stock valued at $18,401,757. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several institutional investors and hedge funds have recently bought and sold shares of HUBS. CenterBook Partners LP bought a new position in shares of HubSpot during the 1st quarter worth about $1,521,000. Ontario Teachers Pension Plan Board raised its position in HubSpot by 109.9% in the first quarter. Ontario Teachers Pension Plan Board now owns 2,366 shares of the software maker’s stock worth $1,352,000 after purchasing an additional 1,239 shares in the last quarter. Deutsche Bank AG lifted its stake in HubSpot by 1.9% during the first quarter. Deutsche Bank AG now owns 129,915 shares of the software maker’s stock worth $74,219,000 after purchasing an additional 2,428 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in HubSpot by 9.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 224,771 shares of the software maker’s stock valued at $128,409,000 after purchasing an additional 19,168 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. bought a new stake in shares of HubSpot in the 1st quarter valued at approximately $2,134,000. Institutional investors own 90.39% of the company’s stock.

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.