HubSpot (NYSE:HUBS) Upgraded at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of HubSpot (NYSE:HUBS) from a market perform rating to an outperform rating in a research report sent to investors on Wednesday, Marketbeat Ratings reports. They currently have $606.00 price target on the software maker’s stock.

A number of other equities research analysts also recently weighed in on the company. Oppenheimer boosted their target price on HubSpot from $700.00 to $750.00 and gave the stock an “outperform” rating in a research report on Friday, May 9th. JPMorgan Chase & Co. decreased their price objective on HubSpot from $775.00 to $675.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. Stifel Nicolaus decreased their price objective on HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research note on Monday, July 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $900.00 price objective on shares of HubSpot in a research note on Friday, May 9th. Finally, Piper Sandler raised HubSpot from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $645.00 to $675.00 in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $722.93.

HubSpot Stock Up 5.0%

HUBS stock opened at $487.58 on Wednesday. The company has a market cap of $25.69 billion, a P/E ratio of -2,119.90, a PEG ratio of 16.00 and a beta of 1.58. HubSpot has a twelve month low of $418.34 and a twelve month high of $881.13. The business has a fifty day moving average of $504.15 and a 200-day moving average of $569.21.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.07. The company had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.94 earnings per share. As a group, equities research analysts anticipate that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 2,383 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 63,918 shares of the company’s stock, valued at $35,269,313.22. This represents a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $339,350.85. Following the transaction, the chief financial officer directly owned 41,086 shares of the company’s stock, valued at $22,670,843.94. This represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,498 shares of company stock valued at $14,752,256 over the last three months. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Elequin Capital LP acquired a new position in shares of HubSpot during the fourth quarter worth about $27,000. Goodman Advisory Group LLC acquired a new position in HubSpot during the second quarter valued at approximately $27,000. Whittier Trust Co. grew its stake in HubSpot by 136.4% in the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. Rakuten Securities Inc. grew its stake in HubSpot by 783.3% in the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after purchasing an additional 47 shares in the last quarter. Finally, Hilltop National Bank acquired a new position in shares of HubSpot during the 2nd quarter worth approximately $32,000. 90.39% of the stock is owned by institutional investors and hedge funds.

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.