HubSpot (NYSE:HUBS) Now Covered by Macquarie

Stock analysts at Macquarie started coverage on shares of HubSpot (NYSE:HUBS) in a report released on Monday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $730.00 price target on the software maker’s stock. Macquarie’s target price would suggest a potential upside of 16.77% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. KeyCorp upgraded HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price target on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. raised their target price on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Truist Financial reaffirmed a “buy” rating and issued a $900.00 target price (up from $750.00) on shares of HubSpot in a report on Thursday, February 13th. BMO Capital Markets increased their price target on shares of HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group lifted their price objective on shares of HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $848.58.

HubSpot Trading Down 0.3 %

HUBS stock opened at $625.15 on Monday. The company’s 50 day moving average is $712.30 and its two-hundred day moving average is $658.03. HubSpot has a twelve month low of $434.84 and a twelve month high of $881.13. The stock has a market cap of $32.60 billion, a P/E ratio of 6,946.88, a PEG ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last announced its quarterly 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%. On average, equities research analysts predict that HubSpot will post 1.01 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now directly owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lorrie M. Norrington sold 572 shares of the company’s stock in a transaction 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 sale, the director now directly owns 1,125 shares in the company, valued at $811,800. This trade represents a 33.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,425 shares of company stock valued at $15,866,151. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC increased its stake in shares of HubSpot by 14.9% during the 3rd quarter. Intech Investment Management LLC now owns 2,788 shares of the software maker’s stock worth $1,482,000 after purchasing an additional 362 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in HubSpot by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 194,538 shares of the software maker’s stock worth $103,416,000 after buying an additional 4,331 shares in the last quarter. Citigroup Inc. raised its holdings in shares of HubSpot by 17.4% in the third quarter. Citigroup Inc. now owns 26,285 shares of the software maker’s stock worth $13,973,000 after acquiring an additional 3,895 shares during the last quarter. Penserra Capital Management LLC raised its holdings in shares of HubSpot by 16.4% in the third quarter. Penserra Capital Management LLC now owns 3,380 shares of the software maker’s stock worth $1,795,000 after acquiring an additional 476 shares during the last quarter. Finally, Swedbank AB lifted its position in shares of HubSpot by 1.7% in the third quarter. Swedbank AB now owns 26,361 shares of the software maker’s stock valued at $14,014,000 after acquiring an additional 441 shares in the last quarter. Institutional investors and hedge funds 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.