HubSpot (NYSE:HUBS) Sets New 1-Year High – Still a Buy?

Shares of HubSpot, Inc. (NYSE:HUBS) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $695.00 and last traded at $695.00, with a volume of 242071 shares changing hands. The stock had previously closed at $680.79.

Wall Street Analysts Forecast Growth

HUBS has been the topic of a number of research reports. Needham & Company LLC restated a “buy” rating and issued a $730.00 price objective on shares of HubSpot in a report on Thursday, November 7th. Truist Financial reaffirmed a “buy” rating and set a $750.00 price target (up from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Bank of America reduced their price objective on HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Raymond James lowered their target price on HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Canaccord Genuity Group upped their price target on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $666.26.

HubSpot Stock Performance

The firm has a market cap of $35.95 billion, a price-to-earnings ratio of -2,592.50, a PEG ratio of 85.25 and a beta of 1.63. The stock’s fifty day moving average is $547.33 and its two-hundred day moving average is $547.24.

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 the consensus estimate of $1.91 by $0.27. The business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.04) earnings per share. Sell-side analysts predict that HubSpot, Inc. will post 0.4 earnings per share for the current year.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the transaction, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. This represents a 0.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 1,804 shares of the business’s stock in a transaction dated 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 directly owns 41,259 shares of the company’s stock, valued at $22,692,450. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,891 shares of company stock valued at $6,662,473 over the last 90 days. 4.50% of the stock is currently owned by corporate insiders.

Institutional Trading of HubSpot

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HUBS. International Assets Investment Management LLC bought a new position in shares of HubSpot during the second quarter valued at $35,000. HM Payson & Co. increased its position in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the period. Crewe Advisors LLC lifted its position in HubSpot by 525.0% during the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after purchasing an additional 63 shares during the period. J.Safra Asset Management Corp boosted its stake in shares of HubSpot by 690.9% in the 2nd quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after purchasing an additional 76 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of HubSpot by 41.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock worth $64,000 after buying an additional 32 shares during the period. 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.