HubSpot (NYSE:HUBS) Hits New 12-Month High – What’s Next?

HubSpot, Inc. (NYSE:HUBS)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $757.21 and last traded at $749.23, with a volume of 102967 shares traded. The stock had previously closed at $719.44.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HUBS shares. 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 research note on Thursday, November 7th. Barclays upped their price objective on HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their price target on shares of HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Royal Bank of Canada raised their price objective on shares of HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Oppenheimer increased their target price on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $672.68.

HubSpot Stock Performance

The firm has a market cap of $39.12 billion, a price-to-earnings ratio of -2,664.59, a price-to-earnings-growth ratio of 87.96 and a beta of 1.70. The firm’s 50 day moving average is $604.80 and its 200-day moving average is $557.27.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. The company had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. As a group, research analysts predict that HubSpot, Inc. will post 0.4 EPS for the current year.

Insiders Place Their Bets

In other HubSpot news, CFO Kathryn Bueker sold 1,136 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at $21,695,632.56. This represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00. Following the completion of the transaction, the chief technology officer now owns 1,323,145 shares in the company, valued at $889,973,789.90. The trade was a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,275 shares of company stock valued at $29,044,510 over the last 90 days. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HubSpot

Several hedge funds have recently modified their holdings of HUBS. GDS Wealth Management acquired a new position in HubSpot during the 3rd quarter valued at $2,149,000. Pallas Capital Advisors LLC bought a new stake in shares of HubSpot in the third quarter valued at about $624,000. Headlands Technologies LLC acquired a new stake in HubSpot during the second quarter worth about $3,135,000. Icon Wealth Advisors LLC grew its position in HubSpot by 3,346.2% during the third quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock worth $11,212,000 after buying an additional 20,479 shares in the last quarter. Finally, Curi RMB Capital LLC increased its stake in HubSpot by 15.1% during the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock valued at $3,797,000 after acquiring an additional 937 shares during the period. 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.