HubSpot (NYSE:HUBS) Sets New 1-Year High Following Analyst Upgrade

HubSpot, Inc. (NYSE:HUBS) shares hit a new 52-week high during mid-day trading on Thursday after StockNews.com upgraded the stock from a hold rating to a buy rating. The company traded as high as $830.00 and last traded at $837.11, with a volume of 17901 shares traded. The stock had previously closed at $785.50.

Several other research firms have also issued reports on HUBS. TD Cowen lowered HubSpot from a “buy” rating to a “hold” rating and increased their price objective for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Wells Fargo & Company increased their target price on shares of HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a research report on Thursday. Scotiabank boosted their price target on shares of HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a research report on Thursday. Oppenheimer upped their price objective on shares of HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, UBS Group lifted their target price on shares of HubSpot from $740.00 to $775.00 and gave the company a “neutral” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $857.75.

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot in the third quarter worth $25,000. Larson Financial Group LLC increased its position in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after buying an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after buying an additional 19 shares during the period. Coppell Advisory Solutions LLC lifted its holdings in HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after acquiring an additional 22 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its stake in HubSpot by 213.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock valued at $33,000 after acquiring an additional 32 shares during the period. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Down 0.9 %

The company has a market capitalization of $41.94 billion, a P/E ratio of -3,008.92, a P/E/G ratio of 43.94 and a beta of 1.72. The firm has a fifty day simple moving average of $734.12 and a 200-day simple moving average of $619.11.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (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%. On average, sell-side analysts predict that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

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.