Sanford C. Bernstein Initiates Coverage on HubSpot (NYSE:HUBS)

Stock analysts at Sanford C. Bernstein began coverage on shares of HubSpot (NYSE:HUBS - Get Free Report) in a report released on Thursday, MarketBeat Ratings reports. The brokerage set a "market perform" rating and a $693.00 price target on the software maker's stock. Sanford C. Bernstein's price target indicates a potential upside of 10.63% from the stock's previous close.

Other analysts also recently issued reports about the company. BMO Capital Markets upped their price objective on HubSpot from $690.00 to $885.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. UBS Group upgraded shares of HubSpot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 19th. Stifel Nicolaus boosted their price objective on shares of HubSpot from $880.00 to $925.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Redburn Atlantic assumed coverage on shares of HubSpot in a research report on Wednesday, February 19th. They issued a "buy" rating for the company. Finally, Bank of America lifted their target price on shares of HubSpot from $780.00 to $850.00 and gave the company a "buy" rating in a report on Monday, December 16th. Five investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, HubSpot currently has an average rating of "Moderate Buy" and an average target price of $848.58.

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HubSpot Stock Up 3.3 %

Shares of HUBS traded up $20.12 on Thursday, hitting $626.39. 432,064 shares of the stock traded hands, compared to its average volume of 604,258. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13. The stock's 50 day moving average is $713.86 and its two-hundred day moving average is $657.13. The firm has a market capitalization of $32.67 billion, a P/E ratio of 6,960.61, a P/E/G ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly 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%. Research analysts forecast that HubSpot will post 1.01 EPS for the current year.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the sale, the insider now owns 524,751 shares in the company, valued at $425,048,310. This represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 3,057 shares of the firm's 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 completion of the transaction, the chief executive officer now directly owns 54,079 shares in the company, valued at $37,941,285.61. This represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,425 shares of company stock worth $15,866,151. 4.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in shares of HubSpot by 5.3% during the fourth 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 during the period. Geode Capital Management LLC lifted its position in HubSpot by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker's stock valued at $577,572,000 after purchasing an additional 9,922 shares during the last quarter. Groupama Asset Managment boosted its stake in 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 purchasing an additional 26,799 shares during the period. Massachusetts Financial Services Co. MA grew its position in HubSpot by 18.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker's stock worth $471,068,000 after purchasing an additional 104,800 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of HubSpot by 3.8% in the fourth quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker's stock valued at $469,987,000 after purchasing an additional 24,799 shares during the period. 90.39% of the stock is currently 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.