HubSpot (NYSE:HUBS) Upgraded at Barclays

Barclays upgraded shares of HubSpot (NYSE:HUBS) from an equal weight rating to an overweight rating in a research report released on Wednesday, Marketbeat.com reports. They currently have $815.00 price objective on the software maker’s stock.

A number of other analysts have also issued reports on HUBS. StockNews.com lowered HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group increased their price target on shares of HubSpot from $783.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. UBS Group upgraded shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 19th. TD Cowen cut shares of HubSpot from a “buy” rating to a “hold” rating and increased their target price for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Finally, KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price target for the company in a research report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $863.96.

HubSpot Stock Up 1.9 %

Shares of NYSE:HUBS opened at $609.73 on Wednesday. The firm has a market capitalization of $31.80 billion, a PE ratio of 6,775.49, a P/E/G ratio of 41.44 and a beta of 1.80. The company has a 50-day moving average price of $725.59 and a two-hundred day moving average price of $650.40. HubSpot has a twelve month low of $434.84 and a twelve month high of $881.13.

HubSpot (NYSE:HUBS) last released its quarterly earnings data 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%. Analysts anticipate that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In other HubSpot news, Director Lorrie M. Norrington sold 572 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $690.00, for a total transaction of $394,680.00. Following the completion of the sale, the director now owns 1,697 shares of the company’s stock, valued at $1,170,930. This represents a 25.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the completion of the sale, the chief executive officer now directly owns 54,079 shares in the company, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,997 shares of company stock valued at $35,796,526. 4.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HubSpot

Several hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in HubSpot during the 4th quarter valued at about $420,345,000. Wellington Management Group LLP grew its position in shares of HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after buying an additional 480,796 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of HubSpot during the fourth quarter valued at approximately $157,019,000. Wealthfront Advisers LLC raised its holdings in shares of HubSpot by 3,090.2% during the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock valued at $93,049,000 after acquiring an additional 129,357 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in HubSpot in the fourth quarter worth $79,135,000. 90.39% of the stock is 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.