HubSpot (NYSE:HUBS) Price Target Raised to $725.00 at Barclays

HubSpot (NYSE:HUBS) had its target price increased by Barclays from $650.00 to $725.00 in a research note published on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the software maker’s stock.

HUBS has been the topic of a number of other research reports. Piper Sandler cut shares of HubSpot from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $570.00 to $640.00 in a research note on Thursday, November 7th. Scotiabank raised their target price on shares of HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, January 8th. Truist Financial restated a “buy” rating and set a $750.00 target price (up previously from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Oppenheimer lifted their price objective on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, TD Cowen cut shares of HubSpot from a “buy” rating to a “hold” rating and lifted their price objective for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $724.52.

HubSpot Stock Up 4.3 %

Shares of NYSE:HUBS opened at $757.99 on Monday. The firm’s 50 day moving average price is $716.86 and its 200-day moving average price is $591.70. HubSpot has a twelve month low of $434.84 and a twelve month high of $779.73. The stock has a market capitalization of $39.13 billion, a PE ratio of -2,807.26, a price-to-earnings-growth ratio of 40.57 and a beta of 1.70.

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

Insider Activity at HubSpot

In other news, 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 sale, the insider now directly owns 513,698 shares in the company, valued at approximately $339,857,459.82. This represents a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the transaction, the chief technology officer now owns 1,272,077 shares of the company’s stock, valued at approximately $941,197,051.53. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,066 shares of company stock valued at $54,900,427. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of HubSpot

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB boosted its stake 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 purchasing an additional 19 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot during the third quarter valued at $25,000. HM Payson & Co. boosted its stake in shares of 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 purchasing an additional 18 shares during the period. Friedenthal Financial purchased a new stake in shares of HubSpot during the fourth quarter valued at $50,000. Finally, Crewe Advisors LLC boosted its stake in shares of HubSpot by 37.3% during the third 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. 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.