HubSpot (NYSE:HUBS) Research Coverage Started at Sanford C. Bernstein

Sanford C. Bernstein initiated coverage on shares of HubSpot (NYSE:HUBS) in a report released on Thursday morning, MarketBeat Ratings reports. The firm issued a market perform rating and a $693.00 target price on the software maker’s stock.

Several other brokerages also recently commented on HUBS. Mizuho lifted their target price on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Oppenheimer lifted their target price on shares of HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Piper Sandler boosted their price objective on shares of HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Canaccord Genuity Group boosted their price objective on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Bank of America boosted their price objective on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Five analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $853.32.

HubSpot Stock Performance

Shares of HUBS opened at $604.89 on Thursday. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The firm has a 50 day moving average price of $715.33 and a 200-day moving average price of $655.14. The firm has a market cap of $31.55 billion, a price-to-earnings ratio of 6,721.75, a PEG ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. As a group, equities research analysts predict that HubSpot will post 1.01 earnings per share for the current year.

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the transaction, the insider now directly owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. This represents a 1.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lorrie M. Norrington sold 572 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $721.60, for a total value of $412,755.20. Following the completion of the transaction, the director now directly owns 1,125 shares in the company, valued at $811,800. This trade represents a 33.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,425 shares of company stock valued at $15,866,151. 4.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

Hedge funds and other institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in shares of HubSpot during the 3rd quarter valued at $25,000. Elequin Capital LP bought a new position in shares of HubSpot during the 4th quarter valued at $27,000. Larson Financial Group LLC lifted its holdings in shares of HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after buying an additional 19 shares during the period. Finally, Coppell Advisory Solutions LLC lifted its holdings in shares of HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after buying an additional 22 shares during the period. 90.39% of the stock is owned by institutional investors.

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.