HubSpot (NYSE:HUBS) Given New $950.00 Price Target at Royal Bank of Canada

HubSpot (NYSE:HUBS) had its target price hoisted by Royal Bank of Canada from $825.00 to $950.00 in a research note released on Thursday morning,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the software maker’s stock.

A number of other equities research analysts also recently weighed in on HUBS. Evercore ISI raised their price target on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Canaccord Genuity Group raised their price objective on HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. upped their target price on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research note on Tuesday. Oppenheimer increased their price target on shares of HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Mizuho boosted their price objective on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $857.75.

HubSpot Trading Up 4.3 %

Shares of NYSE HUBS opened at $819.36 on Thursday. The business has a 50-day moving average of $732.48 and a 200-day moving average of $617.71. The firm has a market capitalization of $42.30 billion, a price-to-earnings ratio of -3,034.57, a PEG ratio of 43.94 and a beta of 1.72. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS) last released 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 negative return on equity of 1.16% and a negative net margin of 0.56%. On average, analysts predict that HubSpot will post 0.42 earnings per share for the current year.

Insider Buying and Selling

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the transaction, the insider now directly owns 513,698 shares in the company, valued at approximately $339,857,459.82. This represents a 1.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the sale, the chief technology officer now directly owns 1,272,077 shares in the company, valued at $941,197,051.53. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,112 shares of company stock valued at $51,432,627 over the last quarter. 4.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP boosted its position 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 purchasing an additional 74,990 shares in the last quarter. Geode Capital Management LLC raised its holdings in HubSpot by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker’s stock worth $577,572,000 after purchasing an additional 9,922 shares in the last quarter. Groupama Asset Managment lifted its position in HubSpot by 3.8% during the fourth quarter. Groupama Asset Managment now owns 726,799 shares of the software maker’s stock valued at $506,412,000 after buying an additional 26,799 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of HubSpot by 18.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker’s stock valued at $471,068,000 after buying an additional 104,800 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of HubSpot by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock worth $469,987,000 after buying an additional 24,799 shares during the period. 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.