JPMorgan Chase & Co. Issues Positive Forecast for HubSpot (NYSE:HUBS) Stock Price

HubSpot (NYSE:HUBS) had its price objective raised by stock analysts at JPMorgan Chase & Co. from $635.00 to $725.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the software maker’s stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 9.66% from the company’s current price.

Other equities analysts also recently issued reports about the company. UBS Group downgraded HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 17th. The Goldman Sachs Group raised their price target on shares of HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $730.00 price objective on shares of HubSpot in a research note on Thursday, November 7th. Evercore ISI increased their price objective on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada boosted their target price on shares of HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $747.92.

HubSpot Stock Up 4.1 %

NYSE HUBS opened at $802.51 on Tuesday. The company has a market capitalization of $41.43 billion, a price-to-earnings ratio of -2,972.16, a PEG ratio of 43.94 and a beta of 1.72. HubSpot has a twelve month low of $434.84 and a twelve month high of $811.79. The stock has a fifty day simple moving average of $729.04 and a 200 day simple moving average of $612.33.

Insider Buying and Selling

In related news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the transaction, the insider now directly owns 513,698 shares in the company, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the sale, the chief technology officer now owns 1,323,145 shares of the company’s stock, valued at approximately $889,973,789.90. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,112 shares of company stock worth $51,432,627. 4.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HUBS. Wellington Management Group LLP boosted its holdings in shares of HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after buying an additional 480,796 shares during the last quarter. Raymond James Financial Inc. bought a new stake in HubSpot in the fourth quarter worth about $157,019,000. Wealthfront Advisers LLC boosted its stake in HubSpot by 3,090.2% in the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock valued at $93,049,000 after acquiring an additional 129,357 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of HubSpot by 214,342.4% during the 3rd quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock valued at $672,590,000 after acquiring an additional 126,462 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of HubSpot during the 4th quarter worth approximately $79,135,000. 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.