JPMorgan Chase & Co. Forecasts Strong Price Appreciation for HubSpot (NYSE:HUBS) Stock

HubSpot (NYSE:HUBS) had its target price raised by equities research analysts at JPMorgan Chase & Co. from $635.00 to $725.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the software maker’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 9.66% from the company’s current price.

Several other research analysts also recently commented on the company. TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and raised their target price for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. UBS Group cut shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Bank of America increased their target price on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Canaccord Genuity Group boosted their price target on shares of HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Piper Sandler downgraded HubSpot from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $570.00 to $640.00 in a research report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $747.92.

HubSpot Trading Up 4.1 %

HubSpot stock opened at $802.51 on Tuesday. The firm has a market capitalization of $41.43 billion, a price-to-earnings ratio of -2,972.16, a P/E/G ratio of 43.94 and a beta of 1.72. The firm has a 50 day simple moving average of $729.04 and a 200 day simple moving average of $612.33. HubSpot has a 1-year low of $434.84 and a 1-year high of $811.79.

Insider Buying and Selling at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the sale, the chief technology officer now directly owns 1,272,077 shares of the company’s stock, valued at approximately $941,197,051.53. The trade was a 1.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kathryn Bueker sold 1,796 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $1,260,055.64. Following the transaction, the chief financial officer now owns 38,560 shares in the company, valued at $27,053,310.40. This trade represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,112 shares of company stock valued at $51,432,627 in the last 90 days. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in HubSpot by 52.2% during the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after buying an additional 480,796 shares during the period. Geode Capital Management LLC lifted its position in HubSpot by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock valued at $435,184,000 after acquiring an additional 19,974 shares during the period. Bank of New York Mellon Corp boosted its stake in HubSpot by 3.8% during the fourth quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock worth $469,987,000 after acquiring an additional 24,799 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in HubSpot by 17.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after purchasing an additional 86,688 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in HubSpot by 8.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock worth $280,186,000 after purchasing an additional 40,138 shares during the period. 90.39% of the stock is currently owned by institutional investors.

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.