HubSpot (NYSE:HUBS) Price Target Raised to $900.00

HubSpot (NYSE:HUBS - Get Free Report) had its price target increased by stock analysts at Jefferies Financial Group from $860.00 to $900.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the software maker's stock. Jefferies Financial Group's target price suggests a potential upside of 17.59% from the company's current price.

HUBS has been the subject of several other reports. Oppenheimer boosted their price objective on HubSpot from $625.00 to $740.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their price target on shares of HubSpot from $750.00 to $825.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Mizuho raised their price objective on shares of HubSpot from $725.00 to $775.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. BMO Capital Markets lifted their target price on shares of HubSpot from $570.00 to $690.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, Scotiabank increased their price target on HubSpot from $700.00 to $825.00 and gave the company a "sector outperform" rating in a research note on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $731.83.

HubSpot Stock Down 1.8 %

HUBS stock traded down $14.14 during midday trading on Monday, reaching $765.39. 445,893 shares of the company's stock traded hands, compared to its average volume of 442,642. The company has a 50-day simple moving average of $724.40 and a two-hundred day simple moving average of $602.09. HubSpot has a 1-year low of $434.84 and a 1-year high of $811.79. The company has a market cap of $39.51 billion, a price-to-earnings ratio of -2,834.66, a PEG ratio of 44.02 and a beta of 1.72.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $646.97 million. During the same period in the prior year, the firm earned ($0.04) earnings per share. HubSpot's revenue was up 20.1% compared to the same quarter last year. Equities research analysts forecast that HubSpot will post 0.42 EPS for the current year.

Insider Transactions at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the transaction, the insider now owns 513,698 shares of the company's stock, valued at $339,857,459.82. This represents a 1.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the transaction, the chief executive officer now owns 54,079 shares of the company's stock, valued at $37,941,285.61. This represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,066 shares of company stock worth $54,900,427 in the last quarter. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

A number of large investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. increased its holdings in shares of HubSpot by 2.4% in the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock worth $445,000 after purchasing an additional 15 shares during the period. Compass Capital Corp MA ADV bought a new position in HubSpot in the 4th quarter worth about $291,000. Handelsbanken Fonder AB raised its holdings in shares of HubSpot by 2.8% in the 4th quarter. Handelsbanken Fonder AB now owns 16,531 shares of the software maker's stock valued at $11,518,000 after acquiring an additional 458 shares in the last quarter. Ieq Capital LLC raised its holdings in shares of HubSpot by 336.3% in the 4th quarter. Ieq Capital LLC now owns 9,459 shares of the software maker's stock valued at $6,591,000 after acquiring an additional 7,291 shares in the last quarter. Finally, Private Wealth Partners LLC bought a new stake in shares of HubSpot during the 4th quarter valued at about $209,000. 90.39% of the stock is owned by institutional investors.

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.