HubSpot (NYSE:HUBS) Raised to Overweight at Barclays

HubSpot (NYSE:HUBS - Get Free Report) was upgraded by equities researchers at Barclays from an "equal weight" rating to an "overweight" rating in a research report issued on Wednesday,Briefing.com Automated Import reports. The firm currently has a $815.00 price objective on the software maker's stock. Barclays's price target points to a potential upside of 37.98% from the stock's current price.

Several other research firms have also recently commented on HUBS. Wells Fargo & Company increased their price target on shares of HubSpot from $835.00 to $940.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. StockNews.com downgraded shares of HubSpot from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Oppenheimer lifted their price objective on shares of HubSpot from $850.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Bank of America raised their target price on shares of HubSpot from $780.00 to $850.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Finally, Truist Financial reaffirmed a "buy" rating and set a $900.00 price target (up from $750.00) on shares of HubSpot in a report on Thursday, February 13th. Four 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 stock. According to MarketBeat, HubSpot has a consensus rating of "Moderate Buy" and a consensus target price of $863.96.

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HubSpot Stock Performance

NYSE HUBS opened at $590.65 on Wednesday. The stock has a market capitalization of $30.80 billion, a P/E ratio of 6,563.51, a P/E/G ratio of 41.44 and a beta of 1.80. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13. The business's fifty day moving average is $731.14 and its two-hundred day moving average is $650.26.

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

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 3,057 shares of the company's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the sale, the chief executive officer now owns 54,079 shares in the company, valued at $37,941,285.61. This represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Dharmesh Shah sold 25,000 shares of the company's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the completion of the sale, the chief technology officer now owns 1,272,077 shares of the company's stock, valued at approximately $941,197,051.53. This trade represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,997 shares of company stock valued at $35,796,526 in the last quarter. Corporate insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On HubSpot

A number of institutional investors and hedge funds have recently modified their holdings of HUBS. Elequin Capital LP acquired a new position in HubSpot during the fourth quarter valued at $27,000. Larson Financial Group LLC raised its position in HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after acquiring an additional 19 shares in the last quarter. Coppell Advisory Solutions LLC boosted its stake in shares of HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after acquiring an additional 22 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot during the 3rd quarter worth about $25,000. 90.39% of the stock is owned by institutional investors and hedge funds.

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.

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