HubSpot (NYSE:HUBS) Reaches New 12-Month High Following Analyst Upgrade

HubSpot, Inc. (NYSE:HUBS)’s share price hit a new 52-week high during trading on Tuesday 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 $779.73 and last traded at $757.99, with a volume of 892897 shares. The stock had previously closed at $726.61.

A number of other analysts have also recently commented on the company. JPMorgan Chase & Co. upped their price target on HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Scotiabank increased their target price on shares of HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a report on Wednesday, January 8th. Mizuho boosted their price target on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, December 13th. The Goldman Sachs Group boosted their target price on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Evercore ISI raised their price target on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $724.52.

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 115 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the sale, the chief executive officer now owns 61,179 shares in the company, valued at $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lorrie M. Norrington sold 572 shares of HubSpot stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $690.00, for a total value of $394,680.00. Following the transaction, the director now owns 1,697 shares of the company’s stock, valued at $1,170,930. This represents a 25.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,066 shares of company stock worth $54,900,427 in the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

A number of hedge funds have recently modified their holdings of HUBS. Wilmington Savings Fund Society FSB bought a new stake in HubSpot in the 3rd quarter valued at $25,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after acquiring an additional 19 shares during the period. HM Payson & Co. grew its stake in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after acquiring an additional 18 shares in the last quarter. Friedenthal Financial bought a new position in HubSpot during the fourth quarter worth about $50,000. Finally, Crewe Advisors LLC boosted its holdings in HubSpot by 37.3% in the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Up 4.7 %

The company has a market capitalization of $41.01 billion, a P/E ratio of -2,942.02, a PEG ratio of 40.57 and a beta of 1.70. The company’s fifty day moving average price is $718.65 and its 200 day moving average price is $593.59.

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

About HubSpot

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.