HubSpot (NYSE:HUBS) Price Target Raised to $900.00

HubSpot (NYSE:HUBS) had its price target lifted by Citigroup from $750.00 to $900.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the software maker’s stock.

HUBS has been the topic of several other reports. TD Cowen lowered shares of HubSpot from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $680.00 to $725.00 in a research report on Friday, January 17th. Barclays boosted their price objective on shares of HubSpot from $650.00 to $725.00 and gave the stock an “equal weight” rating in a research report on Monday, January 27th. UBS Group lowered shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 17th. Oppenheimer boosted their price objective on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley boosted their price objective on shares of HubSpot from $747.00 to $835.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $857.75.

HubSpot Stock Performance

Shares of NYSE HUBS opened at $819.36 on Tuesday. The firm has a market capitalization of $42.30 billion, a P/E ratio of -3,034.57, a PEG ratio of 43.94 and a beta of 1.72. HubSpot has a one year low of $434.84 and a one year high of $881.13. The company’s fifty day moving average is $732.48 and its two-hundred day moving average is $617.71.

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 1.16% and a negative net margin of 0.56%. On average, sell-side analysts forecast that HubSpot will post 0.42 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 115 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the transaction, the chief executive officer now owns 61,179 shares in the company, valued at $43,668,958.41. This represents a 0.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00. Following the completion of the transaction, the chief technology officer now owns 1,323,145 shares of the company’s stock, valued at approximately $889,973,789.90. This represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,112 shares of company stock worth $51,432,627. 4.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HubSpot

A number of institutional investors and hedge funds have recently bought and sold shares of HUBS. Farther Finance Advisors LLC boosted its stake in shares of HubSpot by 5.4% during the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock valued at $178,000 after buying an additional 13 shares during the last quarter. Wedbush Securities Inc. grew its position in shares of HubSpot by 3.4% during the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock worth $274,000 after buying an additional 13 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of HubSpot by 2.4% during the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock worth $445,000 after buying an additional 15 shares in the last quarter. Amalgamated Bank grew its position in shares of HubSpot by 0.5% during the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock worth $2,271,000 after buying an additional 16 shares in the last quarter. Finally, Avitas Wealth Management LLC grew its position in shares of HubSpot by 0.8% during the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock worth $1,420,000 after buying an additional 17 shares in 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.