HubSpot (NYSE:HUBS) Price Target Raised to $645.00 at Piper Sandler

HubSpot (NYSE:HUBS) had its price target boosted by Piper Sandler from $535.00 to $645.00 in a research report report published on Friday morning,Benzinga reports. They currently have a neutral rating on the software maker’s stock.

HUBS has been the topic of several other research reports. Wells Fargo & Company dropped their price objective on shares of HubSpot from $940.00 to $700.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Citigroup increased their price target on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. raised their price target on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. The Goldman Sachs Group upped their price objective on HubSpot from $783.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus set a $750.00 target price on HubSpot in a research note on Friday, April 25th. Five research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $772.56.

HubSpot Stock Performance

NYSE:HUBS opened at $602.31 on Friday. The company has a market capitalization of $31.70 billion, a price-to-earnings ratio of 6,693.08, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78. HubSpot has a one year low of $434.84 and a one year high of $881.13. The stock has a 50-day simple moving average of $584.93 and a 200 day simple moving average of $666.55.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, equities research analysts forecast that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total value of $4,578,100.00. Following the transaction, the insider now directly owns 525,687 shares in the company, valued at $283,135,018.20. The trade was a 1.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 680 shares of the business’s stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total value of $408,000.00. Following the sale, the chief executive officer now directly owns 71,693 shares in the company, valued at $43,015,800. This trade represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,562 shares of company stock worth $18,401,757 in the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of HubSpot by 4.0% in the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker’s stock worth $2,997,407,000 after buying an additional 201,994 shares during the period. Wellington Management Group LLP boosted its stake in HubSpot by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker’s stock worth $1,029,262,000 after purchasing an additional 74,990 shares during the period. Massachusetts Financial Services Co. MA grew its position in HubSpot by 37.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock worth $530,115,000 after purchasing an additional 251,853 shares in the last quarter. Geode Capital Management LLC grew its position in HubSpot by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker’s stock worth $577,572,000 after purchasing an additional 9,922 shares in the last quarter. Finally, Groupama Asset Managment raised its stake in HubSpot by 3.8% during the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker’s stock valued at $506,412,000 after purchasing an additional 26,799 shares during the period. 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.