HubSpot, Inc. (NYSE:HUBS) Receives $766.71 Consensus Price Target from Brokerages

Shares of HubSpot, Inc. (NYSE:HUBS) have been assigned an average rating of “Moderate Buy” from the thirty brokerages that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $766.71.

HUBS has been the subject of several analyst reports. Citigroup lifted their price objective on HubSpot from $750.00 to $759.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Mizuho lowered their price objective on HubSpot from $900.00 to $700.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Macquarie started coverage on HubSpot in a report on Monday, March 24th. They set an “outperform” rating and a $730.00 price target on the stock. Cantor Fitzgerald initiated coverage on HubSpot in a report on Tuesday, June 3rd. They issued an “overweight” rating and a $775.00 target price on the stock. Finally, Piper Sandler raised their price target on shares of HubSpot from $535.00 to $645.00 and gave the company a “neutral” rating in a research report on Friday, May 9th.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 2,383 shares of the business’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the completion of the sale, the chief executive officer directly owned 63,918 shares in the company, valued at approximately $35,269,313.22. The trade was a 3.59% 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 the SEC website. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $548.03, for a total value of $4,658,255.00. Following the completion of the sale, the director directly owned 523,984 shares of the company’s stock, valued at approximately $287,158,951.52. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,678 shares of company stock valued at $11,298,621 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its position in shares of HubSpot by 17.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock worth $2,805,070,000 after purchasing an additional 714,980 shares during the last quarter. Norges Bank acquired a new position in shares of HubSpot in the fourth quarter valued at approximately $420,345,000. Massachusetts Financial Services Co. MA lifted its stake in shares of HubSpot by 37.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock worth $530,115,000 after acquiring an additional 251,853 shares during the period. Raymond James Financial Inc. purchased a new stake in HubSpot in the 4th quarter valued at approximately $157,019,000. Finally, Vanguard Group Inc. boosted its stake in shares of HubSpot by 4.0% in the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker’s stock valued at $2,997,407,000 after buying an additional 201,994 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Price Performance

Shares of HUBS opened at $560.15 on Wednesday. The company’s 50-day moving average is $598.04 and its 200-day moving average is $643.94. The firm has a market capitalization of $29.54 billion, a PE ratio of -1,244.77, a PEG ratio of 20.38 and a beta of 1.66. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

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.