HubSpot (NYSE:HUBS) Price Target Raised to $900.00 at Canaccord Genuity Group

HubSpot (NYSE:HUBS) had its target price raised by Canaccord Genuity Group from $710.00 to $900.00 in a research report report published on Thursday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the software maker’s stock.

Several other brokerages also recently issued reports on HUBS. Evercore ISI upped their price target on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Morgan Stanley lifted their price target on HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays boosted their price target on HubSpot from $725.00 to $815.00 and gave the stock an “equal weight” rating in a report on Thursday. Oppenheimer lifted their target price on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group upped their price target on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $863.96.

HubSpot Stock Down 0.9 %

Shares of HUBS stock opened at $812.44 on Thursday. The business has a fifty day simple moving average of $735.53 and a 200 day simple moving average of $621.29. The company has a market cap of $41.94 billion, a P/E ratio of -3,008.92, a P/E/G ratio of 43.94 and a beta of 1.72. HubSpot has a twelve month low of $434.84 and a twelve month high of $881.13.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. As a group, equities research analysts anticipate that HubSpot will post 0.42 earnings per share for the current fiscal year.

Insider Activity

In other news, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the sale, the chief technology officer now directly owns 1,323,145 shares of the company’s stock, valued at $889,973,789.90. The trade was a 1.85 % decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the sale, 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. Insiders sold a total of 73,112 shares of company stock worth $51,432,627 in the last three months. Company insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

Institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning grew its position in HubSpot by 10.7% in the 3rd quarter. Creative Planning now owns 6,706 shares of the software maker’s stock worth $3,565,000 after purchasing an additional 650 shares in the last quarter. Swedbank AB boosted its stake in shares of HubSpot by 1.7% in the 3rd quarter. Swedbank AB now owns 26,361 shares of the software maker’s stock worth $14,014,000 after buying an additional 441 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of HubSpot by 19.3% in the third quarter. Wolff Wiese Magana LLC now owns 395 shares of the software maker’s stock valued at $210,000 after acquiring an additional 64 shares in the last quarter. Harbour Capital Advisors LLC increased its position in shares of HubSpot by 1.1% during the third quarter. Harbour Capital Advisors LLC now owns 8,397 shares of the software maker’s stock valued at $4,543,000 after acquiring an additional 88 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in HubSpot by 3.0% during the third quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock worth $494,000 after acquiring an additional 27 shares during the period. Hedge funds and other 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.