HubSpot (NYSE:HUBS) Price Target Raised to $650.00 at Barclays

HubSpot (NYSE:HUBS) had its price target raised by stock analysts at Barclays from $500.00 to $650.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the software maker’s stock. Barclays‘s target price suggests a potential downside of 1.00% from the company’s current price.

Several other research firms have also issued reports on HUBS. KeyCorp raised HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price on the stock in a research note on Thursday, August 8th. Oppenheimer upped their target price on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research note on Thursday. UBS Group raised their price target on shares of HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a research report on Thursday. Citigroup reduced their price objective on HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Evercore ISI boosted their target price on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and an average price target of $666.26.

HubSpot Trading Up 1.9 %

Shares of HUBS opened at $656.56 on Friday. The firm has a market cap of $33.89 billion, a P/E ratio of -2,431.70, a price-to-earnings-growth ratio of 7,948.12 and a beta of 1.63. The company’s 50-day moving average price is $535.45 and its 200 day moving average price is $546.83. HubSpot has a 12-month low of $413.07 and a 12-month high of $693.85.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.30. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.22%. The firm had revenue of $637.20 million during the quarter, compared to the consensus estimate of $619.28 million. During the same quarter last year, the firm earned ($1.17) EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kathryn Bueker sold 1,804 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the sale, the chief financial officer now owns 41,259 shares in the company, valued at approximately $22,692,450. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,937 shares of company stock worth $3,194,673 over the last ninety days. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. HM Payson & Co. grew its stake in HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after acquiring an additional 18 shares during the last quarter. Hazlett Burt & Watson Inc. increased its stake in shares of HubSpot by 19.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock worth $91,000 after purchasing an additional 25 shares in the last quarter. V Square Quantitative Management LLC raised its position in shares of HubSpot by 3.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock worth $494,000 after purchasing an additional 27 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in HubSpot by 2.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker’s stock valued at $698,000 after buying an additional 30 shares during the last quarter. Finally, Quent Capital LLC raised its holdings in shares of HubSpot by 13.0% in the second quarter. Quent Capital LLC now owns 261 shares of the software maker’s stock worth $154,000 after acquiring an additional 30 shares during the last quarter. 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.