BMO Capital Markets Raises HubSpot (NYSE:HUBS) Price Target to $885.00

HubSpot (NYSE:HUBS) had its price objective hoisted by investment analysts at BMO Capital Markets from $690.00 to $885.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ price target would indicate a potential upside of 6.96% from the company’s previous close.

Several other equities analysts also recently commented on the company. Jefferies Financial Group raised their target price on HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Piper Sandler boosted their target price on shares of HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday. Citigroup lifted their price target on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Truist Financial reaffirmed a “buy” rating and set a $900.00 price objective (up from $750.00) on shares of HubSpot in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $854.63.

HubSpot Stock Up 5.3 %

HUBS traded up $41.88 during trading on Thursday, reaching $827.38. 724,208 shares of the company’s stock were exchanged, compared to its average volume of 467,922. The company has a market capitalization of $42.71 billion, a P/E ratio of -3,066.76, a PEG ratio of 43.94 and a beta of 1.72. The business has a 50 day moving average price of $732.48 and a 200 day moving average price of $617.71. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. As a group, research analysts forecast that HubSpot will post 0.42 EPS for the current year.

Insider Buying and Selling

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the transaction, the insider now directly owns 513,698 shares in the company, valued at approximately $339,857,459.82. The trade was a 1.63 % 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, CEO Yamini Rangan sold 115 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the sale, the chief executive officer now owns 61,179 shares of the company’s stock, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,112 shares of company stock valued at $51,432,627 in the last 90 days. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On HubSpot

Large investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in HubSpot in the 4th quarter worth $420,345,000. Wellington Management Group LLP boosted its position in shares of HubSpot by 52.2% during the third 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 period. Raymond James Financial Inc. bought a new position in shares of HubSpot during the fourth quarter worth about $157,019,000. Wealthfront Advisers LLC raised its position in HubSpot by 3,090.2% in the 4th quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock valued at $93,049,000 after buying an additional 129,357 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in HubSpot by 214,342.4% in the 3rd quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock valued at $672,590,000 after buying an additional 126,462 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

About HubSpot

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.