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

Research analysts at Sanford C. Bernstein assumed coverage on shares of HubSpot (NYSE:HUBS) in a report released on Thursday,Briefing.com Automated Import 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 would suggest a potential upside of 14.75% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. Stifel Nicolaus increased their target price 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. Stephens started coverage on shares of HubSpot in a research note on Wednesday. They issued an “overweight” rating and a $769.00 target price on the stock. Redburn Atlantic started coverage on shares of HubSpot in a research note on Wednesday, February 19th. They issued a “buy” rating on the stock. The Goldman Sachs Group increased their target price on shares of HubSpot from $783.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, TD Cowen cut shares of HubSpot from a “buy” rating to a “hold” rating and increased their target price for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $853.32.

HubSpot Trading Up 1.2 %

Shares of HUBS stock opened at $603.92 on Thursday. The stock has a market capitalization of $31.50 billion, a P/E ratio of 6,710.96, a PEG ratio of 41.44 and a beta of 1.80. The firm’s 50 day moving average is $719.54 and its 200 day moving average is $653.69. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, equities analysts predict that HubSpot will post 1.01 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the completion of the sale, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. This trade represents a 4.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the sale, the insider now directly owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,997 shares of company stock valued at $16,260,831 in the last quarter. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Icon Wealth Advisors LLC lifted its position in HubSpot by 3,346.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock valued at $11,212,000 after acquiring an additional 20,479 shares during the period. Advantage Alpha Capital Partners LP lifted its position in HubSpot by 113.4% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker’s stock valued at $9,923,000 after acquiring an additional 9,919 shares during the period. Melqart Asset Management UK Ltd lifted its position in HubSpot by 15.2% during the 3rd quarter. Melqart Asset Management UK Ltd now owns 33,878 shares of the software maker’s stock valued at $18,010,000 after acquiring an additional 4,468 shares during the period. Paloma Partners Management Co purchased a new position in HubSpot during the 3rd quarter valued at about $3,721,000. Finally, Bamco Inc. NY lifted its position in HubSpot by 19.6% during the 3rd quarter. Bamco Inc. NY now owns 37,926 shares of the software maker’s stock valued at $20,161,000 after acquiring an additional 6,215 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.