HubSpot (NYSE:HUBS) Upgraded by UBS Group to Strong-Buy Rating

HubSpot (NYSE:HUBS - Get Free Report) was upgraded by UBS Group from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports.

Other equities analysts have also issued reports about the company. Scotiabank upped their target price on HubSpot from $825.00 to $900.00 and gave the company a "sector outperform" rating in a report on Thursday, February 13th. Piper Sandler increased their target price on HubSpot from $640.00 to $808.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Raymond James upped their target price on shares of HubSpot from $750.00 to $980.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Morgan Stanley boosted their price objective on HubSpot from $835.00 to $898.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Finally, Redburn Atlantic initiated coverage on HubSpot in a research report on Wednesday, February 19th. They issued a "buy" rating on the stock. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $863.96.

HubSpot Stock Performance

Shares of NYSE HUBS traded down $3.42 during trading on Wednesday, reaching $720.32. The stock had a trading volume of 460,532 shares, compared to its average volume of 506,314. The firm's 50 day moving average price is $739.45 and its two-hundred day moving average price is $635.73. HubSpot has a one year low of $434.84 and a one year high of $881.13. The stock has a market cap of $37.57 billion, a PE ratio of 8,004.41, a P/E/G ratio of 41.44 and a beta of 1.72.

HubSpot (NYSE:HUBS - Get Free Report) last issued its 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%. On average, research analysts expect that HubSpot will post 1.01 earnings per share for the current year.

Insider Activity

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the sale, the chief technology officer now directly owns 1,272,077 shares of the company's stock, valued at $941,197,051.53. The trade was a 1.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 completion of the sale, the chief executive officer now owns 61,179 shares of the company's stock, valued at $43,668,958.41. The trade was a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,112 shares of company stock valued at $35,878,612 over the last three months. Insiders own 4.50% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its stake in HubSpot by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker's stock valued at $1,029,262,000 after acquiring an additional 74,990 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of HubSpot by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker's stock valued at $577,572,000 after buying an additional 9,922 shares during the period. Groupama Asset Managment grew its holdings in shares of HubSpot by 3.8% during the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker's stock valued at $506,412,000 after acquiring an additional 26,799 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of HubSpot by 18.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker's stock worth $471,068,000 after acquiring an additional 104,800 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of HubSpot by 3.8% during the fourth quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker's stock worth $469,987,000 after acquiring an additional 24,799 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.