HubSpot (NYSE:HUBS) Coverage Initiated by Analysts at Redburn Atlantic

Redburn Atlantic started coverage on shares of HubSpot (NYSE:HUBS - Free Report) in a report released on Wednesday, MarketBeat.com reports. The brokerage issued a buy rating on the software maker's stock.

A number of other research firms have also recently weighed in on HUBS. Stifel Nicolaus upped their price target on shares of HubSpot from $880.00 to $925.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. 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. Canaccord Genuity Group boosted their price objective on shares of HubSpot from $710.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Wells Fargo & Company boosted their price objective on shares of HubSpot from $835.00 to $940.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Finally, Mizuho boosted their price objective on shares of HubSpot from $725.00 to $775.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $863.96.

HubSpot Stock Performance

HUBS traded down $21.57 during trading on Wednesday, hitting $726.43. The stock had a trading volume of 821,210 shares, compared to its average volume of 567,920. The firm has a market capitalization of $37.88 billion, a P/E ratio of 8,072.32, a PEG ratio of 41.44 and a beta of 1.72. The company's 50-day moving average price is $739.92 and its 200 day moving average price is $632.79. HubSpot has a twelve month low of $434.84 and a twelve month high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly 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 return on equity of 0.07% and a net margin of 0.17%. As a group, equities analysts expect that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares of the company's stock, valued at $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the transaction, the insider now directly owns 524,751 shares in the company, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,112 shares of company stock valued at $35,878,612. Company insiders own 4.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in HubSpot by 5.4% during the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock worth $178,000 after acquiring an additional 13 shares during the period. Wedbush Securities Inc. increased its stake in HubSpot by 3.4% in the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock worth $274,000 after purchasing an additional 13 shares in the last quarter. First Horizon Advisors Inc. increased its stake in HubSpot by 2.4% in the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock worth $445,000 after purchasing an additional 15 shares in the last quarter. Amalgamated Bank increased its stake in HubSpot by 0.5% in the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock worth $2,271,000 after purchasing an additional 16 shares in the last quarter. Finally, Avitas Wealth Management LLC increased its stake in HubSpot by 0.8% in the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock worth $1,420,000 after purchasing an additional 17 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

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.