HubSpot (NYSE:HUBS) PT Raised to $600.00

HubSpot (NYSE:HUBSGet Free Report) had its price objective hoisted by analysts at Barclays from $475.00 to $600.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the software maker’s stock. Barclays‘s price objective would indicate a potential upside of 1.96% from the stock’s current price.

HUBS has been the subject of several other research reports. UBS Group dropped their price target on shares of HubSpot from $570.00 to $525.00 and set a “neutral” rating for the company in a research report on Thursday, November 9th. KeyCorp lowered their price objective on shares of HubSpot from $660.00 to $593.00 and set an “overweight” rating for the company in a research report on Tuesday, October 17th. William Blair reaffirmed an “outperform” rating on shares of HubSpot in a research report on Thursday, November 9th. StockNews.com began coverage on shares of HubSpot in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Morgan Stanley decreased their price target on HubSpot from $568.00 to $539.00 and set an “overweight” rating for the company in a research note on Thursday, November 9th. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $590.77.

View Our Latest Analysis on HubSpot

HubSpot Trading Up 0.5 %

NYSE HUBS traded up $2.75 on Wednesday, hitting $588.48. 198,471 shares of the stock were exchanged, compared to its average volume of 345,748. HubSpot has a 52-week low of $334.78 and a 52-week high of $599.65. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $539.36 and its two-hundred day moving average price is $510.39.

HubSpot (NYSE:HUBSGet Free Report) last posted its quarterly earnings results on Wednesday, November 8th. The software maker reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.38. The company had revenue of $557.56 million during the quarter, compared to the consensus estimate of $533.70 million. HubSpot had a negative return on equity of 7.34% and a negative net margin of 8.67%. On average, equities research analysts anticipate that HubSpot will post -1.07 earnings per share for the current year.

Insider Activity at HubSpot

In other news, CTO Dharmesh Shah sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $470.30, for a total value of $7,054,500.00. Following the completion of the sale, the chief technology officer now owns 11,000 shares in the company, valued at approximately $5,173,300. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CTO Dharmesh Shah sold 15,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $470.30, for a total value of $7,054,500.00. Following the completion of the transaction, the chief technology officer now directly owns 11,000 shares of the company’s stock, valued at $5,173,300. 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 stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $562.68, for a total transaction of $4,782,780.00. Following the completion of the transaction, the insider now directly owns 545,950 shares in the company, valued at approximately $307,195,146. The disclosure for this sale can be found here. Insiders sold 43,067 shares of company stock valued at $21,813,185 in the last three months. Corporate insiders own 4.90% of the company’s stock.

Institutional Trading of HubSpot

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of HubSpot by 0.9% during the third quarter. Vanguard Group Inc. now owns 4,670,391 shares of the software maker’s stock worth $2,300,168,000 after acquiring an additional 41,689 shares during the period. JPMorgan Chase & Co. increased its holdings in HubSpot by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock worth $1,338,012,000 after buying an additional 166,381 shares during the period. Wellington Management Group LLP raised its position in HubSpot by 26.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,247,345 shares of the software maker’s stock worth $614,317,000 after buying an additional 257,632 shares during the last quarter. Clearbridge Investments LLC grew its holdings in HubSpot by 33.6% during the first quarter. Clearbridge Investments LLC now owns 1,128,424 shares of the software maker’s stock worth $535,934,000 after acquiring an additional 284,039 shares during the period. Finally, Durable Capital Partners LP raised its position in HubSpot by 7.5% during the fourth quarter. Durable Capital Partners LP now owns 986,355 shares of the software maker’s stock valued at $285,185,000 after acquiring an additional 68,833 shares in the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

About HubSpot

(Get Free Report)

HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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