HubSpot (NYSE:HUBS) Given New $835.00 Price Target at Morgan Stanley

HubSpot (NYSE:HUBS) had its target price lifted by Morgan Stanley from $747.00 to $835.00 in a research note published on Monday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the software maker’s stock.

Several other equities analysts have also issued reports on HUBS. Canaccord Genuity Group increased their target price on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Bank of America lifted their price objective on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. Royal Bank of Canada increased their target price on shares of HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Evercore ISI boosted their price target on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $719.30.

HubSpot Price Performance

Shares of HUBS stock opened at $700.05 on Monday. HubSpot has a 1-year low of $434.84 and a 1-year high of $762.47. The firm has a market cap of $36.14 billion, a PE ratio of -2,592.68, a price-to-earnings-growth ratio of 87.75 and a beta of 1.70. The company has a 50-day moving average of $706.34 and a two-hundred day moving average of $582.66.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. The firm had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.04) EPS. Sell-side analysts anticipate that HubSpot will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the completion of the sale, the chief executive officer now owns 54,079 shares in the company, valued at $37,941,285.61. This represents a 5.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the transaction, the chief financial officer now owns 38,560 shares in the company, valued at approximately $27,053,310.40. This represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,066 shares of company stock worth $54,900,427 in the last quarter. 4.50% of the stock is owned by insiders.

Hedge Funds Weigh In On HubSpot

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Miracle Mile Advisors LLC acquired a new stake in HubSpot during the 4th quarter worth approximately $214,000. Pallas Capital Advisors LLC lifted its holdings in shares of HubSpot by 1.9% during the fourth quarter. Pallas Capital Advisors LLC now owns 1,146 shares of the software maker’s stock worth $798,000 after purchasing an additional 21 shares during the period. Friedenthal Financial purchased a new position in HubSpot in the 4th quarter valued at $50,000. Graypoint LLC acquired a new position in HubSpot in the 4th quarter valued at $208,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in HubSpot by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,246 shares of the software maker’s stock worth $2,262,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

About HubSpot

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.