Citigroup Increases HubSpot (NYSE:HUBS) Price Target to $900.00

HubSpot (NYSE:HUBS) had its price target lifted by Citigroup from $750.00 to $900.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. Citigroup’s target price would indicate a potential upside of 14.67% from the company’s previous close.

HUBS has been the subject of a number of other reports. Morgan Stanley increased their target price on shares of HubSpot from $747.00 to $835.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Piper Sandler cut shares of HubSpot from an “overweight” rating to a “neutral” rating and increased their target price for the company from $570.00 to $640.00 in a research report on Thursday, November 7th. Wells Fargo & Company increased their target price on shares of HubSpot from $810.00 to $835.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Oppenheimer raised their price objective on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $747.92.

HubSpot Stock Up 0.0 %

HubSpot stock opened at $784.84 on Tuesday. The company has a fifty day simple moving average of $731.91 and a 200-day simple moving average of $616.53. The firm has a market capitalization of $40.51 billion, a price-to-earnings ratio of -2,906.71, a PEG ratio of 43.94 and a beta of 1.72. HubSpot has a 52-week low of $434.84 and a 52-week high of $811.79.

HubSpot (NYSE:HUBS) last issued its 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 negative net margin of 0.56% and a negative return on equity of 1.16%. On average, research analysts anticipate that HubSpot will post 0.42 EPS for the current fiscal year.

Insider Activity

In other news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,112 shares of company stock valued at $51,432,627. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. purchased a new position in HubSpot in the fourth quarter worth approximately $290,000. Thoroughbred Financial Services LLC purchased a new position in HubSpot in the fourth quarter worth approximately $203,000. Motley Fool Asset Management LLC lifted its stake in HubSpot by 16.8% in the fourth quarter. Motley Fool Asset Management LLC now owns 1,201 shares of the software maker’s stock worth $837,000 after acquiring an additional 173 shares during the last quarter. World Investment Advisors purchased a new position in HubSpot in the fourth quarter worth approximately $226,000. Finally, Bryce Point Capital LLC purchased a new position in HubSpot in the fourth quarter worth approximately $1,529,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.