HubSpot (NYSE:HUBS) Trading Up 6.2% on Analyst Upgrade

HubSpot, Inc. (NYSE:HUBS)’s stock price shot up 6.2% during trading on Monday after Barclays raised their price target on the stock from $650.00 to $725.00. Barclays currently has an equal weight rating on the stock. HubSpot traded as high as $762.00 and last traded at $772.00. 133,251 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 338,936 shares. The stock had previously closed at $726.61.

A number of other equities analysts have also issued reports on the company. Evercore ISI upped their target price on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Stifel Nicolaus raised their price objective on shares of HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Royal Bank of Canada upped their target price on shares of HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and lifted their price target for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Finally, Morgan Stanley upped their price objective on HubSpot from $747.00 to $835.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and a consensus target price of $724.52.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the sale, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. This represents a 1.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kathryn Bueker sold 4,381 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the transaction, the chief financial officer now owns 41,259 shares in the company, valued at $28,881,300. This represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,066 shares of company stock worth $54,900,427. 4.50% of the stock is owned by company insiders.

Institutional Trading of HubSpot

A number of hedge funds and other institutional investors have recently made changes to their positions in HUBS. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot during the 3rd quarter valued at $25,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of HubSpot by 73.1% during the fourth 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 in the last quarter. HM Payson & Co. raised its position in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after buying an additional 18 shares during the period. Friedenthal Financial purchased a new stake in HubSpot in the 4th quarter worth about $50,000. Finally, Crewe Advisors LLC boosted its position in HubSpot by 37.3% during the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after acquiring an additional 28 shares during the period. 90.39% of the stock is currently owned by institutional investors.

HubSpot Stock Performance

The company has a market cap of $39.13 billion, a PE ratio of -2,807.26, a PEG ratio of 40.57 and a beta of 1.70. The company has a 50 day simple moving average of $716.86 and a two-hundred day simple moving average of $591.70.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) EPS. As a group, analysts expect that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

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.