HubSpot (NYSE:HUBS) Reaches New 52-Week High After Analyst Upgrade

HubSpot, Inc. (NYSE:HUBS - Get Free Report) shares reached a new 52-week high on Tuesday after Barclays raised their price target on the stock from $650.00 to $725.00. Barclays currently has an equal weight rating on the stock. HubSpot traded as high as $779.73 and last traded at $757.99, with a volume of 892897 shares trading hands. The stock had previously closed at $726.61.

Several other brokerages have also issued reports on HUBS. Scotiabank raised their target price on shares of HubSpot from $700.00 to $825.00 and gave the company a "sector outperform" rating in a research note on Wednesday, January 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $730.00 target price on shares of HubSpot in a report on Thursday, November 7th. Truist Financial restated a "buy" rating and set a $750.00 target price (up from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Canaccord Genuity Group boosted their price objective on shares of HubSpot from $600.00 to $710.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, TD Cowen downgraded shares of HubSpot from a "buy" rating to a "hold" rating and increased their price objective for the stock from $680.00 to $725.00 in a research report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $724.52.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 115 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the sale, the chief executive officer now directly owns 61,179 shares of the company's stock, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief technology officer now directly owns 1,272,077 shares of the company's stock, valued at approximately $941,197,051.53. This represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 78,066 shares of company stock valued at $54,900,427. Company insiders own 4.50% of the company's stock.

Hedge Funds Weigh In On HubSpot

A number of large investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its position in HubSpot by 52.2% during the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker's stock valued at $745,410,000 after buying an additional 480,796 shares during the period. International Assets Investment Management LLC grew its holdings in shares of HubSpot by 214,342.4% in the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker's stock worth $672,590,000 after purchasing an additional 126,462 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of HubSpot by 17.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker's stock worth $303,689,000 after buying an additional 86,688 shares during the period. TimesSquare Capital Management LLC increased its position in shares of HubSpot by 49.5% in the third quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker's stock valued at $110,489,000 after acquiring an additional 68,827 shares during the period. Finally, Two Sigma Advisers LP increased its position in shares of HubSpot by 191.6% in the third quarter. Two Sigma Advisers LP now owns 72,900 shares of the software maker's stock valued at $38,754,000 after acquiring an additional 47,900 shares during the period. 90.39% of the stock is owned by institutional investors.

HubSpot Stock Up 1.0 %

The company has a market cap of $40.24 billion, a P/E ratio of -2,887.02, a P/E/G ratio of 43.22 and a beta of 1.70. The business has a fifty day moving average of $723.66 and a 200 day moving average of $598.32.

HubSpot (NYSE:HUBS - Get Free Report) last announced its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same quarter last year, the firm earned ($0.04) earnings per share. The business's revenue for the quarter was up 20.1% on a year-over-year basis. On average, sell-side analysts anticipate that HubSpot, Inc. will post 0.42 EPS for the current fiscal year.

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.