Analysts Set HubSpot, Inc. (NYSE:HUBS) PT at $767.61

HubSpot, Inc. (NYSE:HUBS) has earned a consensus rating of “Moderate Buy” from the thirty ratings firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, twenty-five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $766.71.

HUBS has been the topic of several recent research reports. Stephens began coverage on HubSpot in a research report on Wednesday, March 19th. They set an “overweight” rating and a $769.00 target price on the stock. BMO Capital Markets dropped their target price on HubSpot from $885.00 to $745.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. KeyCorp upgraded HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective on the stock in a report on Thursday, February 13th. Barclays reduced their price target on shares of HubSpot from $815.00 to $745.00 and set an “overweight” rating on the stock in a research report on Friday, May 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $900.00 target price on shares of HubSpot in a research report on Friday, May 9th.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 680 shares of HubSpot stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the transaction, the chief executive officer now owns 71,693 shares in the company, valued at approximately $43,015,800. The trade was a 0.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the sale, the insider now directly owns 525,687 shares in the company, valued at $283,135,018.20. This trade represents a 1.59% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,062 shares of company stock valued at $11,516,757. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its position in shares of HubSpot by 5.4% in the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock worth $178,000 after purchasing an additional 13 shares during the last quarter. Wedbush Securities Inc. grew its position in shares of HubSpot by 3.4% during the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock valued at $274,000 after buying an additional 13 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of HubSpot by 2.4% during the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock valued at $445,000 after buying an additional 15 shares during the last quarter. Amalgamated Bank grew its position in shares of HubSpot by 0.5% during the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock valued at $2,271,000 after buying an additional 16 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of HubSpot by 1.1% during the 1st quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker’s stock valued at $861,000 after buying an additional 16 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

HUBS opened at $573.34 on Friday. HubSpot has a one year low of $434.84 and a one year high of $881.13. The stock has a market cap of $30.24 billion, a price-to-earnings ratio of 6,371.10, a P/E/G ratio of 41.44 and a beta of 1.70. The stock’s 50 day moving average price is $593.86 and its 200-day moving average price is $665.14.

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.