HubSpot (NYSE:HUBS) Hits New 52-Week High – Time to Buy?

HubSpot, Inc. (NYSE:HUBS)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $695.00 and last traded at $695.00, with a volume of 242071 shares changing hands. The stock had previously closed at $680.79.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Oppenheimer increased their price target on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $730.00 price objective on shares of HubSpot in a research note on Thursday, November 7th. Citigroup decreased their price objective on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a report on Friday, August 9th. UBS Group raised their price objective on shares of HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Barclays boosted their price target on shares of HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $666.26.

HubSpot Price Performance

The company has a 50 day moving average price of $539.09 and a two-hundred day moving average price of $545.67. The stock has a market cap of $36.21 billion, a PE ratio of -2,522.09, a PEG ratio of 8,729.41 and a beta of 1.63.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. The business had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. HubSpot’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.04) earnings per share.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 1,374 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $755,700.00. Following the sale, the chief executive officer now directly owns 61,294 shares in the company, valued at $33,711,700. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In other HubSpot news, CFO Kathryn Bueker sold 1,804 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $992,200.00. Following the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $22,692,450. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 1,374 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $755,700.00. Following the sale, the chief executive officer now owns 61,294 shares of the company’s stock, valued at approximately $33,711,700. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,937 shares of company stock worth $3,194,673. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in HubSpot in the 2nd quarter worth approximately $35,000. HM Payson & Co. raised its position in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares during the period. Crewe Advisors LLC grew its stake in shares of HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after acquiring an additional 63 shares in the last quarter. J.Safra Asset Management Corp grew its stake in shares of HubSpot by 690.9% in the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock worth $51,000 after acquiring an additional 76 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of HubSpot by 41.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock worth $64,000 after purchasing an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.