HubSpot (NYSE:HUBS) Trading 6.2% Higher After Analyst Upgrade

HubSpot, Inc. (NYSE:HUBSGet Free Report) shot up 6.2% on Monday after Barclays raised their price target on the stock from $650.00 to $725.00. Barclays currently has an equal weight rating on the stock. HubSpot traded as high as $762.00 and last traded at $772.00. 133,251 shares changed hands during trading, a decline of 61% from the average session volume of 338,936 shares. The stock had previously closed at $726.61.

HUBS has been the topic of a number of other research reports. Stifel Nicolaus increased their price objective on shares of HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Oppenheimer increased their target price on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Wells Fargo & Company boosted their target price on HubSpot from $750.00 to $810.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price objective on shares of HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley raised their price objective on shares of HubSpot from $747.00 to $835.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and an average price target of $724.52.

Check Out Our Latest Report on HUBS

Insider Buying and Selling

In other HubSpot news, CFO Kathryn Bueker sold 4,381 shares of HubSpot stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at $28,881,300. The trade was a 9.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the sale, the chief executive officer now owns 54,079 shares in the company, valued at $37,941,285.61. The trade was a 5.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,066 shares of company stock worth $54,900,427. 4.50% of the stock is owned by insiders.

Institutional Trading of HubSpot

Several institutional investors and hedge funds have recently bought and sold shares of HUBS. Wellington Management Group LLP lifted its stake in shares of HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after purchasing an additional 480,796 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in HubSpot by 214,342.4% during the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock valued at $672,590,000 after purchasing an additional 126,462 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in HubSpot by 17.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after acquiring an additional 86,688 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in HubSpot by 49.5% during the 3rd quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker’s stock valued at $110,489,000 after purchasing an additional 68,827 shares during the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of HubSpot by 191.6% in the third quarter. Two Sigma Advisers LP now owns 72,900 shares of the software maker’s stock valued at $38,754,000 after acquiring an additional 47,900 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Up 4.7 %

The stock has a fifty day moving average of $718.65 and a 200-day moving average of $593.59. The firm has a market capitalization of $41.01 billion, a P/E ratio of -2,942.02, a PEG ratio of 40.57 and a beta of 1.70.

HubSpot (NYSE:HUBSGet Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $646.97 million. During the same quarter in the previous year, the company earned ($0.04) earnings per share. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. As a group, analysts forecast that HubSpot, Inc. will post 0.42 EPS for the current fiscal year.

HubSpot Company Profile

(Get Free Report)

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.

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