Barclays Issues Positive Forecast for HubSpot (NYSE:HUBS) Stock Price

HubSpot (NYSE:HUBS) had its price target hoisted by Barclays from $725.00 to $815.00 in a research note published on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the software maker’s stock.

Several other analysts have also issued reports on the stock. Scotiabank boosted their target price on shares of HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a research report on Wednesday, January 8th. Jefferies Financial Group increased their price objective on shares of HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Wells Fargo & Company upped their target price on shares of HubSpot from $810.00 to $835.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. The Goldman Sachs Group raised their price target on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada upped their price objective on HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $857.75.

HubSpot Trading Up 4.3 %

Shares of HUBS opened at $819.36 on Thursday. The firm has a market cap of $42.30 billion, a PE ratio of -3,034.57, a P/E/G ratio of 43.94 and a beta of 1.72. HubSpot has a 1-year low of $434.84 and a 1-year high of $881.13. The firm has a fifty day simple moving average of $732.48 and a two-hundred day simple moving average of $617.71.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. As a group, research analysts forecast that HubSpot will post 0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the sale, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the transaction, the chief technology officer now directly owns 1,323,145 shares in the company, valued at $889,973,789.90. This represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,112 shares of company stock valued at $51,432,627 over the last three months. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On HubSpot

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot in the third quarter valued at about $25,000. Larson Financial Group LLC raised its holdings in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after purchasing an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after purchasing an additional 19 shares during the period. Aster Capital Management DIFC Ltd boosted its stake in shares of HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock valued at $33,000 after purchasing an additional 32 shares in the last quarter. Finally, Bank of Jackson Hole Trust purchased a new position in HubSpot during the fourth quarter valued at approximately $35,000. 90.39% of the stock is owned by institutional investors.

HubSpot Company Profile

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.