HubSpot (NYSE:HUBS) Receives Outperform Rating from William Blair

HubSpot (NYSE:HUBS)‘s stock had its “outperform” rating reiterated by investment analysts at William Blair in a note issued to investors on Thursday,RTT News reports.

Several other brokerages have also recently issued reports on HUBS. The Goldman Sachs Group increased their price objective on HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Mizuho increased their price target on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and lifted their price objective for the company from $680.00 to $725.00 in a report on Friday, January 17th. Piper Sandler increased their target price on shares of HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Canaccord Genuity Group boosted their price target on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $819.83.

HubSpot Stock Performance

HUBS stock traded up $54.95 during midday trading on Thursday, reaching $840.45. The company’s stock had a trading volume of 568,271 shares, compared to its average volume of 462,772. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13. The firm has a market capitalization of $43.38 billion, a price-to-earnings ratio of -3,112.64, a PEG ratio of 43.94 and a beta of 1.72. The stock has a fifty day simple moving average of $732.48 and a two-hundred day simple moving average of $617.71.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. As a group, analysts forecast that HubSpot will post 0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 3,057 shares of the business’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 sale, the chief executive officer now owns 54,079 shares in the company, valued at approximately $37,941,285.61. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 1,796 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 value of $1,260,055.64. Following the completion of the transaction, the chief financial officer now owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. The trade was a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,112 shares of company stock valued at $51,432,627. Insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

Several large investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot during the 3rd quarter worth about $25,000. Larson Financial Group LLC lifted its holdings in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after buying an additional 19 shares during the last quarter. Aster Capital Management DIFC Ltd grew its holdings in HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after acquiring an additional 32 shares during the period. Finally, Bank of Jackson Hole Trust purchased a new position in HubSpot during the fourth quarter valued at approximately $35,000. 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.