The Goldman Sachs Group Boosts HubSpot (NYSE:HUBS) Price Target to $900.00

HubSpot (NYSE:HUBS) had its target price raised by The Goldman Sachs Group from $783.00 to $900.00 in a report published on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the software maker’s stock.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus raised their price target on shares of HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a report on Thursday. Mizuho raised their price objective on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. TD Cowen cut shares of HubSpot from a “buy” rating to a “hold” rating and raised their price objective for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Citigroup raised their price objective on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Evercore ISI raised their price objective on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $857.75.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $819.36 on Thursday. The firm has a fifty day moving average price of $732.48 and a two-hundred day moving average price of $617.71. HubSpot has a one year low of $434.84 and a one year high of $881.13. The company has a market cap 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 (NYSE:HUBS) last announced 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 net margin of 0.56% and a negative return on equity of 1.16%. Equities research analysts expect that HubSpot will post 0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the firm’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 sale, the insider now owns 513,698 shares of the company’s stock, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the sale, the chief financial officer now directly owns 38,560 shares in the company, valued at approximately $27,053,310.40. This trade represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,112 shares of company stock valued at $51,432,627 in the last quarter. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

A number of large investors have recently modified their holdings of HUBS. Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot during the 3rd quarter valued at about $25,000. Larson Financial Group LLC boosted its stake in shares of HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after purchasing an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its stake in shares of HubSpot by 213.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock valued at $33,000 after purchasing an additional 32 shares in the last quarter. Finally, Bank of Jackson Hole Trust bought a new stake in shares of HubSpot during the 4th quarter valued at about $35,000. Institutional investors 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.