BNP Paribas Begins Coverage on HubSpot (NYSE:HUBS)

BNP Paribas started coverage on shares of HubSpot (NYSE:HUBS - Free Report) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $700.00 target price on the software maker's stock.

A number of other equities research analysts also recently weighed in on HUBS. Piper Sandler lifted their price target on shares of HubSpot from $640.00 to $808.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. UBS Group upgraded shares of HubSpot from a "neutral" rating to a "buy" rating and decreased their target price for the company from $775.00 to $675.00 in a research report on Tuesday, April 15th. Stephens started coverage on shares of HubSpot in a research report on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 price target for the company. Citigroup lifted their price objective on HubSpot from $750.00 to $900.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Finally, Needham & Company LLC increased their target price on HubSpot from $730.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $789.11.

HubSpot Stock Performance

Shares of NYSE:HUBS traded up $16.06 on Tuesday, hitting $616.56. 648,332 shares of the company were exchanged, compared to its average volume of 621,465. The company's 50 day moving average price is $604.15 and its two-hundred day moving average price is $660.64. The firm has a market capitalization of $32.16 billion, a price-to-earnings ratio of 6,851.43, a PEG ratio of 41.44 and a beta of 1.82. HubSpot has a one year low of $434.84 and a one year high of $881.13.

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

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares in the company, valued at $320,283,502.84. This represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the sale, the chief executive officer now directly owns 72,373 shares in the company, valued at approximately $41,536,312.16. This represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,882 shares of company stock worth $17,993,757 in the last quarter. Corporate insiders own 4.50% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. B.O.S.S. Retirement Advisors LLC bought a new stake in HubSpot in the 4th quarter valued at $1,361,000. Oak Harvest Investment Services bought a new stake in shares of HubSpot in the fourth quarter valued at about $2,065,000. Donoghue Forlines LLC acquired a new position in shares of HubSpot during the fourth quarter worth about $2,049,000. Mayflower Financial Advisors LLC bought a new position in shares of HubSpot during the fourth quarter worth about $862,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in HubSpot by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,246 shares of the software maker's stock valued at $2,262,000 after buying an additional 49 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

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.