HubSpot (NYSE:HUBS) Given New $815.00 Price Target at Barclays

HubSpot (NYSE:HUBS) had its price objective boosted by Barclays from $725.00 to $815.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the software maker’s stock.

A number of other brokerages have also weighed in on HUBS. Scotiabank boosted their price objective on shares of HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a report on Wednesday, January 8th. Stifel Nicolaus boosted their price target on HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Oppenheimer raised their price objective on HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Needham & Company LLC reiterated a “buy” rating and issued a $730.00 target price on shares of HubSpot in a research report on Thursday, November 7th. Finally, Royal Bank of Canada raised their price target on shares of HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and an average price target of $857.75.

HubSpot Stock Up 4.3 %

Shares of HubSpot stock opened at $819.36 on Thursday. HubSpot has a 52-week low of $434.84 and a 52-week high of $881.13. The firm’s 50 day moving average price is $732.48 and its 200-day moving average price is $617.71. The company has a market cap of $42.30 billion, a P/E ratio of -3,034.57, a PEG ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) 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, equities research analysts forecast that HubSpot will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the sale, the chief technology officer now directly owns 1,323,145 shares in the company, valued at approximately $889,973,789.90. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at $339,857,459.82. The trade was a 1.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,112 shares of company stock valued at $51,432,627. 4.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake in HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after buying an additional 19 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot in the third quarter worth about $25,000. Aster Capital Management DIFC Ltd boosted its position in HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after acquiring an additional 32 shares during the last quarter. Finally, Bank of Jackson Hole Trust purchased a new stake in HubSpot during the 4th quarter valued at about $35,000. 90.39% of the stock is owned by institutional investors and hedge funds.

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.