HubSpot (NYSE:HUBS) Given Outperform Rating at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of HubSpot (NYSE:HUBSFree Report) in a report released on Thursday, Benzinga reports. They currently have a $625.00 target price on the software maker’s stock.

A number of other equities analysts have also recently issued reports on HUBS. Piper Sandler raised their target price on shares of HubSpot from $610.00 to $630.00 and gave the stock an overweight rating in a report on Tuesday, January 2nd. UBS Group reduced their price objective on HubSpot from $570.00 to $525.00 and set a neutral rating for the company in a research report on Thursday, November 9th. Morgan Stanley dropped their target price on HubSpot from $568.00 to $539.00 and set an overweight rating on the stock in a research report on Thursday, November 9th. KeyCorp reduced their price target on shares of HubSpot from $660.00 to $593.00 and set an overweight rating for the company in a report on Tuesday, October 17th. Finally, StockNews.com initiated coverage on HubSpot in a research report on Thursday, October 5th. They set a hold rating for the company. Three equities research 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 an average rating of Moderate Buy and a consensus target price of $590.77.

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HubSpot Price Performance

Shares of HUBS opened at $612.39 on Thursday. HubSpot has a 52 week low of $342.32 and a 52 week high of $635.74. 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 firm has a market cap of $30.82 billion, a price-to-earnings ratio of -170.11 and a beta of 1.61. The stock has a 50 day moving average of $556.16 and a 200-day moving average of $512.31.

HubSpot (NYSE:HUBSGet Free Report) last released its quarterly earnings data on Wednesday, November 8th. The software maker reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.38. HubSpot had a negative net margin of 8.67% and a negative return on equity of 7.34%. The firm had revenue of $557.56 million during the quarter, compared to the consensus estimate of $533.70 million. As a group, analysts forecast that HubSpot will post -1.07 EPS for the current year.

Insider Buying and Selling

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $555.84, for a total value of $4,724,640.00. Following the transaction, the insider now owns 536,811 shares of the company’s stock, valued at $298,381,026.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $555.84, for a total transaction of $4,724,640.00. Following the completion of the transaction, the insider now directly owns 536,811 shares in the company, valued at $298,381,026.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kathryn Bueker sold 228 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $500.00, for a total transaction of $114,000.00. Following the transaction, the chief financial officer now directly owns 34,129 shares in the company, valued at approximately $17,064,500. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,067 shares of company stock worth $21,813,185. 4.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HubSpot

Several hedge funds have recently made changes to their positions in the stock. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of HubSpot by 11.0% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,282 shares of the software maker’s stock worth $631,000 after acquiring an additional 127 shares during the period. Janney Montgomery Scott LLC boosted its stake in HubSpot by 30.2% during the second quarter. Janney Montgomery Scott LLC now owns 18,851 shares of the software maker’s stock worth $10,030,000 after buying an additional 4,374 shares in the last quarter. Geode Capital Management LLC boosted its stake in HubSpot by 4.1% during the second quarter. Geode Capital Management LLC now owns 671,029 shares of the software maker’s stock worth $356,444,000 after buying an additional 26,641 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in HubSpot by 30.8% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 11,325 shares of the software maker’s stock valued at $5,578,000 after buying an additional 2,669 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of HubSpot in the 2nd quarter valued at $259,000. Institutional investors own 87.06% of the company’s stock.

HubSpot Company Profile

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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.

Further Reading

Analyst Recommendations for HubSpot (NYSE:HUBS)

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