HubSpot (NYSE:HUBS) Price Target Raised to $900.00

HubSpot (NYSE:HUBS) had its target price boosted by The Goldman Sachs Group from $783.00 to $900.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

Several other brokerages also recently commented on HUBS. UBS Group increased their price objective on shares of HubSpot from $740.00 to $775.00 and gave the company a “neutral” rating in a research report on Thursday. Canaccord Genuity Group increased their price objective on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America increased their price objective on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Jefferies Financial Group upped their target price on shares of HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, Barclays upped their target price on shares of HubSpot from $725.00 to $815.00 and gave the company an “equal weight” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $863.96.

HubSpot Price Performance

NYSE:HUBS opened at $812.44 on Thursday. The firm’s 50-day moving average price is $735.53 and its 200-day moving average price is $621.29. The company has a market capitalization of $41.94 billion, a PE ratio of -3,008.92, a P/E/G ratio of 43.94 and a beta of 1.72. HubSpot has a 1-year low of $434.84 and a 1-year high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 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%. Equities analysts anticipate that HubSpot will post 0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the sale, the chief technology officer now owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. This trade represents a 1.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the sale, the chief executive officer now owns 54,079 shares in the company, valued at approximately $37,941,285.61. The trade was a 5.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,112 shares of company stock worth $51,432,627. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

A number of institutional investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV grew its holdings in HubSpot by 28.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,087 shares of the software maker’s stock valued at $1,454,000 after buying an additional 463 shares in the last quarter. Comerica Bank grew its holdings in HubSpot by 3.7% during the 4th quarter. Comerica Bank now owns 13,886 shares of the software maker’s stock valued at $9,675,000 after buying an additional 501 shares in the last quarter. AQR Capital Management LLC grew its holdings in HubSpot by 19.2% during the 4th quarter. AQR Capital Management LLC now owns 208,237 shares of the software maker’s stock valued at $145,094,000 after buying an additional 33,566 shares in the last quarter. Lido Advisors LLC grew its holdings in HubSpot by 78.8% during the 4th quarter. Lido Advisors LLC now owns 1,976 shares of the software maker’s stock valued at $1,377,000 after buying an additional 871 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in HubSpot by 18.0% during the 4th quarter. Northern Trust Corp now owns 345,535 shares of the software maker’s stock valued at $240,758,000 after buying an additional 52,792 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.