HubSpot (NYSE:HUBS) Coverage Initiated at Redburn Atlantic

Research analysts at Redburn Atlantic began coverage on shares of HubSpot (NYSE:HUBS) in a report released on Wednesday, MarketBeat Ratings reports. The brokerage set a “buy” rating on the software maker’s stock.

A number of other research analysts also recently issued reports on the company. Morgan Stanley increased their price objective on HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Evercore ISI lifted their price objective on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price for the company in a report on Thursday, February 13th. StockNews.com upgraded shares of HubSpot from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Finally, William Blair restated an “outperform” rating on shares of HubSpot in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and an average price target of $863.96.

HubSpot Stock Performance

Shares of HUBS opened at $748.14 on Wednesday. The stock has a 50 day simple moving average of $739.56 and a 200 day simple moving average of $628.81. HubSpot has a 52-week low of $434.84 and a 52-week high of $881.13. The firm has a market capitalization of $39.02 billion, a PE ratio of 8,313.56, a P/E/G ratio of 44.50 and a beta of 1.72.

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

Insider Transactions at HubSpot

In other news, Director Lorrie M. Norrington sold 572 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $690.00, for a total transaction of $394,680.00. Following the transaction, the director now directly owns 1,697 shares of the company’s stock, valued at approximately $1,170,930. This trade represents a 25.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the completion of the transaction, the chief technology officer now directly owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. This represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,112 shares of company stock worth $35,878,612. Company insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

A number of institutional investors and hedge funds have recently made changes to their positions in HUBS. Creative Planning raised its position in HubSpot by 10.7% during the third quarter. Creative Planning now owns 6,706 shares of the software maker’s stock valued at $3,565,000 after purchasing an additional 650 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of HubSpot by 57.9% during the 3rd quarter. Blue Trust Inc. now owns 720 shares of the software maker’s stock worth $425,000 after buying an additional 264 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of HubSpot by 16.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 690 shares of the software maker’s stock worth $367,000 after buying an additional 100 shares in the last quarter. Eastern Bank bought a new stake in shares of HubSpot during the 3rd quarter worth $80,000. Finally, International Assets Investment Management LLC boosted its stake in HubSpot by 214,342.4% in the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock valued at $672,590,000 after buying an additional 126,462 shares in the last quarter. 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.