Brokerages Set HubSpot, Inc. (NYSE:HUBS) PT at $614.33

Shares of HubSpot, Inc. (NYSE:HUBS) have earned an average rating of “Moderate Buy” from the twenty-five analysts that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and twenty-one have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $614.33.

HUBS has been the subject of several recent analyst reports. Barclays decreased their target price on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective on the stock in a research report on Thursday, August 8th. Canaccord Genuity Group decreased their target price on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Raymond James dropped their price target on HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Bank of America reduced their price objective on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research note on Thursday, August 8th.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 1,374 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $755,700.00. Following the transaction, the chief executive officer now owns 61,294 shares in the company, valued at $33,711,700. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other HubSpot news, CEO Yamini Rangan sold 1,374 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $755,700.00. Following the completion of the sale, the chief executive officer now directly owns 61,294 shares in the company, valued at $33,711,700. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathryn Bueker sold 1,136 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $597,354.24. Following the transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at $21,695,632.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,321 shares of company stock worth $3,374,089. 4.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HubSpot

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jennison Associates LLC increased its holdings in shares of HubSpot by 62.1% during the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock worth $988,406,000 after purchasing an additional 604,554 shares during the period. Price T Rowe Associates Inc. MD grew its position in HubSpot by 10.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after buying an additional 176,336 shares in the last quarter. Fred Alger Management LLC increased its stake in HubSpot by 516.2% during the second quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker’s stock valued at $96,307,000 after acquiring an additional 136,793 shares during the period. International Assets Investment Management LLC raised its holdings in HubSpot by 214,342.4% in the 3rd quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock valued at $672,590,000 after acquiring an additional 126,462 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in HubSpot by 88.7% in the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock valued at $142,468,000 after acquiring an additional 113,555 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

NYSE HUBS opened at $563.58 on Friday. HubSpot has a 1 year low of $408.62 and a 1 year high of $693.85. The business’s fifty day moving average is $520.74 and its two-hundred day moving average is $548.17. The stock has a market capitalization of $28.72 billion, a P/E ratio of -212.67, a P/E/G ratio of 7,068.33 and a beta of 1.64.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The company had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. During the same period in the previous year, the firm earned ($1.17) earnings per share. HubSpot’s revenue for the quarter was up 20.4% compared to the same quarter last 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.