HubSpot (NYSE:HUBS) Upgraded at KeyCorp

HubSpot (NYSE:HUBS) was upgraded by investment analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a note issued to investors on Thursday,Briefing.com Automated Import reports. The firm presently has a $920.00 price target on the software maker’s stock. KeyCorp’s target price suggests a potential upside of 17.22% from the stock’s current price.

A number of other equities research analysts have also commented on the stock. Oppenheimer raised their price objective on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. BMO Capital Markets lifted their price target on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Piper Sandler lowered HubSpot from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $570.00 to $640.00 in a report on Thursday, November 7th. Truist Financial reiterated a “buy” rating and set a $750.00 price objective (up from $600.00) on shares of HubSpot in a report on Friday, November 8th. Finally, Barclays boosted their target price on HubSpot from $725.00 to $815.00 and gave the company an “equal weight” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $781.38.

HubSpot Price Performance

Shares of HubSpot stock opened at $784.84 on Thursday. The company has a market capitalization of $40.51 billion, a P/E ratio of -2,906.71, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72. The business has a 50-day moving average of $732.48 and a two-hundred day moving average of $617.71. HubSpot has a 1 year low of $434.84 and a 1 year high of $811.79.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (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%. On average, equities analysts anticipate that HubSpot will post 0.42 EPS for the current fiscal year.

Insider Transactions at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were 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 approximately $339,857,459.82. This trade represents a 1.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Dharmesh Shah sold 25,000 shares of the company’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 transaction, the chief technology officer now owns 1,323,145 shares in the company, valued at approximately $889,973,789.90. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 73,112 shares of company stock worth $51,432,627. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On HubSpot

A number of large investors have recently made changes to their positions in HUBS. Wellington Management Group LLP grew its holdings in HubSpot by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker’s stock valued at $1,029,262,000 after buying an additional 74,990 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of HubSpot by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker’s stock valued at $577,572,000 after acquiring an additional 9,922 shares during the period. Groupama Asset Managment grew its stake in shares of HubSpot by 3.8% in the fourth quarter. Groupama Asset Managment now owns 726,799 shares of the software maker’s stock valued at $506,412,000 after acquiring an additional 26,799 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of HubSpot by 18.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker’s stock valued at $471,068,000 after acquiring an additional 104,800 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in HubSpot by 3.8% during the fourth quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock worth $469,987,000 after acquiring an additional 24,799 shares during the period. 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.