Barclays Increases HubSpot (NYSE:HUBS) Price Target to $725.00

HubSpot (NYSE:HUBS) had its price target boosted by equities researchers at Barclays from $650.00 to $725.00 in a report released on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the software maker’s stock. Barclays‘s price target points to a potential downside of 8.73% from the company’s previous close.

A number of other research analysts have also issued reports on the company. The Goldman Sachs Group lifted their target price on HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. UBS Group cut HubSpot from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Scotiabank raised their price objective on HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, January 8th. Oppenheimer boosted their target price on HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Piper Sandler lowered HubSpot from an “overweight” rating to a “neutral” rating and increased their price target for the company from $570.00 to $640.00 in a research report on Thursday, November 7th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $724.52.

HubSpot Stock Up 4.7 %

Shares of NYSE:HUBS opened at $794.37 on Monday. The company has a market cap of $41.01 billion, a PE ratio of -2,942.02, a P/E/G ratio of 40.57 and a beta of 1.70. The firm has a 50-day simple moving average of $718.65 and a 200 day simple moving average of $593.59. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $811.79.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. HubSpot’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) EPS. As a group, research analysts forecast that HubSpot will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the completion of the transaction, the chief technology officer now owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. The trade was a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kathryn Bueker sold 4,381 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $3,066,700.00. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at $28,881,300. The trade was a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,066 shares of company stock worth $54,900,427 in the last 90 days. 4.50% of the stock is owned by company insiders.

Institutional Trading of HubSpot

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in HubSpot by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 77,292 shares of the software maker’s stock worth $45,586,000 after acquiring an additional 6,138 shares during the last quarter. MBB Public Markets I LLC bought a new stake in shares of HubSpot during the second quarter valued at approximately $2,096,000. The Manufacturers Life Insurance Company increased its holdings in shares of HubSpot by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 4,178 shares of the software maker’s stock valued at $2,460,000 after purchasing an additional 63 shares in the last quarter. Mackenzie Financial Corp raised its position in HubSpot by 8.3% in the 2nd quarter. Mackenzie Financial Corp now owns 2,611 shares of the software maker’s stock worth $1,540,000 after purchasing an additional 200 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in HubSpot during the 2nd quarter worth $629,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.