HubSpot (NYSE:HUBS) Price Target Increased to $710.00 by Analysts at BMO Capital Markets

HubSpot (NYSE:HUBSGet Free Report) had its target price increased by equities research analysts at BMO Capital Markets from $540.00 to $710.00 in a report released on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ price objective points to a potential upside of 12.73% from the stock’s previous close.

Several other analysts have also recently issued reports on HUBS. William Blair reiterated an “outperform” rating on shares of HubSpot in a research note on Thursday, November 9th. Morgan Stanley cut their price target on HubSpot from $568.00 to $539.00 and set an “overweight” rating on the stock in a research note on Thursday, November 9th. Capital One Financial started coverage on HubSpot in a research note on Tuesday, November 14th. They issued an “overweight” rating and a $525.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $630.00 price target on shares of HubSpot in a research note on Thursday, November 2nd. Finally, UBS Group dropped their price objective on HubSpot from $570.00 to $525.00 and set a “neutral” rating on the stock in a report on Thursday, November 9th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $598.50.

Get Our Latest Stock Report on HUBS

HubSpot Trading Down 2.6 %

NYSE:HUBS traded down $16.79 during trading hours on Monday, reaching $629.84. 88,899 shares of the stock were exchanged, compared to its average volume of 377,922. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average of $569.06 and a two-hundred day moving average of $514.94. HubSpot has a twelve month low of $342.32 and a twelve month high of $660.00. The company has a market capitalization of $31.70 billion, a price-to-earnings ratio of -174.65 and a beta of 1.61.

Insider Buying and Selling

In related news, CFO Kathryn Bueker sold 228 shares of HubSpot stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 34,129 shares in the company, valued at approximately $17,064,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other HubSpot news, 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 value of $114,000.00. Following the completion of the transaction, the chief financial officer now directly owns 34,129 shares in the company, valued at approximately $17,064,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $465.99, for a total value of $3,960,915.00. Following the completion of the transaction, the insider now owns 554,450 shares of the company’s stock, valued at $258,368,155.50. The disclosure for this sale can be found here. Insiders sold 44,036 shares of company stock worth $22,404,275 in the last ninety days. Insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Rakuten Securities Inc. purchased a new stake in shares of HubSpot during the 4th quarter valued at $29,000. Smithfield Trust Co grew its stake in shares of HubSpot by 60.5% during the 2nd quarter. Smithfield Trust Co now owns 61 shares of the software maker’s stock valued at $33,000 after buying an additional 23 shares during the period. Venturi Wealth Management LLC grew its stake in shares of HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after buying an additional 47 shares during the period. Quarry LP grew its stake in shares of HubSpot by 333.3% during the 1st quarter. Quarry LP now owns 91 shares of the software maker’s stock valued at $39,000 after buying an additional 70 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of HubSpot by 1,380.0% during the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock valued at $43,000 after buying an additional 69 shares during the period. 87.06% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Company Profile

(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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Analyst Recommendations for HubSpot (NYSE:HUBS)

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