HubSpot (NYSE:HUBS) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

HubSpot (NYSE:HUBS - Free Report) had its target price upped by Royal Bank of Canada from $700.00 to $750.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an outperform rating on the software maker's stock.

Several other brokerages have also weighed in on HUBS. Bank of America dropped their target price on HubSpot from $650.00 to $580.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Oppenheimer restated an "outperform" rating and set a $625.00 price target on shares of HubSpot in a research report on Thursday, September 19th. Raymond James cut their price objective on shares of HubSpot from $725.00 to $675.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. UBS Group upped their target price on shares of HubSpot from $550.00 to $650.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, BMO Capital Markets boosted their price objective on HubSpot from $570.00 to $690.00 and gave the stock an "outperform" rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, HubSpot currently has an average rating of "Moderate Buy" and a consensus target price of $648.46.

HubSpot Stock Performance

Shares of NYSE HUBS traded up $45.95 during midday trading on Thursday, hitting $643.74. The company's stock had a trading volume of 1,523,273 shares, compared to its average volume of 592,060. HubSpot has a 1-year low of $413.07 and a 1-year high of $693.85. The firm's fifty day moving average price is $529.41 and its 200-day moving average price is $545.99. The firm has a market cap of $33.06 billion, a P/E ratio of -1,213.37, a P/E/G ratio of 7,506.16 and a beta of 1.63.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.30. The company had revenue of $637.20 million during the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. HubSpot's quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.17) earnings per share.

Insider Buying and Selling at HubSpot

In other news, CFO Kathryn Bueker sold 1,804 shares of the business's stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $992,200.00. Following the sale, the chief financial officer now owns 41,259 shares in the company, valued at $22,692,450. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other HubSpot news, CFO Kathryn Bueker sold 1,804 shares of HubSpot stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $992,200.00. Following the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $22,692,450. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 1,374 shares of the business's stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $755,700.00. Following the sale, the chief executive officer now directly owns 61,294 shares in the company, valued at approximately $33,711,700. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,937 shares of company stock valued at $3,194,673. 4.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HubSpot

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of HubSpot by 0.8% in the first quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker's stock worth $3,025,964,000 after purchasing an additional 39,098 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of HubSpot by 10.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker's stock worth $1,211,535,000 after acquiring an additional 176,336 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in HubSpot by 0.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 484,586 shares of the software maker's stock valued at $285,804,000 after purchasing an additional 3,775 shares during the last quarter. Capital Research Global Investors grew its stake in HubSpot by 0.9% in the first quarter. Capital Research Global Investors now owns 452,210 shares of the software maker's stock valued at $283,337,000 after purchasing an additional 4,242 shares in the last quarter. Finally, Marshall Wace LLP increased its position in HubSpot by 88.7% in the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker's stock worth $142,468,000 after purchasing an additional 113,555 shares during the last quarter. 90.39% of the stock is currently 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.