HubSpot (NYSE:HUBS) Price Target Raised to $775.00 at UBS Group

HubSpot (NYSE:HUBS) had its price objective lifted by UBS Group from $740.00 to $775.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the software maker’s stock.

HUBS has been the topic of several other reports. TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and upped their price objective for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Canaccord Genuity Group upped their price objective on HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. increased their target price on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research report on Tuesday. Stifel Nicolaus increased their target price on HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Company increased their target price on HubSpot from $810.00 to $835.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $857.75.

HubSpot Stock Up 4.3 %

Shares of NYSE:HUBS opened at $819.36 on Thursday. HubSpot has a 52-week low of $434.84 and a 52-week high of $881.13. The stock’s fifty day simple moving average is $732.48 and its 200-day simple moving average is $617.71. The company has a market capitalization of $42.30 billion, a P/E ratio of -3,034.57, a P/E/G ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. On average, sell-side analysts anticipate that HubSpot will post 0.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares in the company, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total value of $16,815,500.00. Following the completion of the sale, the chief technology officer now owns 1,323,145 shares of the company’s stock, valued at approximately $889,973,789.90. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,112 shares of company stock worth $51,432,627 over the last three months. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On HubSpot

A number of large investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board grew its stake in shares of HubSpot by 58.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 48,406 shares of the software maker’s stock valued at $33,728,000 after buying an additional 17,818 shares in the last quarter. Regal Investment Advisors LLC grew its stake in HubSpot by 11.6% during the 4th quarter. Regal Investment Advisors LLC now owns 1,434 shares of the software maker’s stock valued at $999,000 after purchasing an additional 149 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in HubSpot during the 4th quarter valued at approximately $785,000. Mariner LLC grew its stake in HubSpot by 4.3% during the 4th quarter. Mariner LLC now owns 5,974 shares of the software maker’s stock valued at $4,163,000 after purchasing an additional 249 shares in the last quarter. Finally, SageView Advisory Group LLC acquired a new stake in HubSpot during the 4th quarter valued at approximately $334,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.