HubSpot (NYSE:HUBS) Price Target Raised to $725.00 at Barclays

HubSpot (NYSE:HUBS - Free Report) had its price objective upped by Barclays from $650.00 to $725.00 in a report released on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the software maker's stock.

Several other research analysts have also recently commented on HUBS. The Goldman Sachs Group boosted their price target on HubSpot from $626.00 to $690.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Truist Financial restated a "buy" rating and issued a $750.00 price target (up previously from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Morgan Stanley increased their price objective on shares of HubSpot from $747.00 to $835.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Stifel Nicolaus upped their target price on shares of HubSpot from $750.00 to $880.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Finally, Evercore ISI lifted their price target on HubSpot from $610.00 to $700.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $724.52.

HubSpot Trading Up 1.0 %

Shares of HubSpot stock traded up $7.53 during mid-day trading on Monday, hitting $779.52. 503,908 shares of the stock were exchanged, compared to its average volume of 435,055. The company has a 50-day simple moving average of $723.66 and a 200 day simple moving average of $598.32. The stock has a market capitalization of $40.24 billion, a price-to-earnings ratio of -2,887.02, a price-to-earnings-growth ratio of 43.22 and a beta of 1.70. HubSpot has a twelve month low of $434.84 and a twelve month high of $811.79.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results 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. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. During the same period in the prior year, the business posted ($0.04) earnings per share. The firm's revenue for the quarter was up 20.1% compared to the same quarter last year. Equities research analysts forecast that HubSpot will post 0.42 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the business's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total value of $16,815,500.00. Following the sale, the chief technology officer now directly owns 1,323,145 shares in the company, valued at approximately $889,973,789.90. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 115 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the sale, the chief executive officer now owns 61,179 shares of the company's stock, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,066 shares of company stock worth $54,900,427 over the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HubSpot

Institutional investors and hedge funds have recently modified their holdings of the stock. Kornitzer Capital Management Inc. KS boosted its stake in HubSpot by 1.5% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 15,400 shares of the software maker's stock worth $10,730,000 after purchasing an additional 225 shares during the period. Venturi Wealth Management LLC raised its stake in shares of HubSpot by 13,454.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,491 shares of the software maker's stock worth $1,039,000 after purchasing an additional 1,480 shares in the last quarter. Fortis Group Advisors LLC raised its position in HubSpot by 13.0% during the fourth quarter. Fortis Group Advisors LLC now owns 1,359 shares of the software maker's stock valued at $947,000 after acquiring an additional 156 shares in the last quarter. CIBC Asset Management Inc increased its position in HubSpot by 13.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,139 shares of the software maker's stock worth $1,490,000 after buying an additional 249 shares during the last quarter. Finally, Highview Capital Management LLC DE boosted its stake in shares of HubSpot by 4.5% during the 4th quarter. Highview Capital Management LLC DE now owns 3,011 shares of the software maker's stock worth $2,098,000 after acquiring an additional 129 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.