HubSpot (NYSE:HUBS) Price Target Raised to $900.00 at Scotiabank

HubSpot (NYSE:HUBS) had its price target lifted by Scotiabank from $825.00 to $900.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a sector outperform rating on the software maker’s stock.

A number of other research analysts have also commented on the company. Morgan Stanley increased their price objective on HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a report on Thursday. TD Cowen lowered HubSpot from a “buy” rating to a “hold” rating and increased their price objective for the company from $680.00 to $725.00 in a report on Friday, January 17th. Royal Bank of Canada increased their price objective on HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a report on Thursday. Citigroup raised their target price on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group raised their target price on HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $857.75.

HubSpot Price Performance

Shares of HUBS stock opened at $819.36 on Thursday. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The stock’s 50-day moving average is $732.48 and its two-hundred day moving average is $617.71. The firm 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 issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates 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 expect that HubSpot will post 0.42 EPS for the current year.

Insider Buying and Selling

In related news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total transaction 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 $941,197,051.53. This trade represents a 1.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the transaction, the insider now owns 513,698 shares of the company’s stock, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,112 shares of company stock worth $51,432,627 in the last 90 days. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On HubSpot

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board lifted its position in shares of HubSpot by 58.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 48,406 shares of the software maker’s stock worth $33,728,000 after buying an additional 17,818 shares during the period. Regal Investment Advisors LLC increased its holdings in HubSpot by 11.6% during the 4th quarter. Regal Investment Advisors LLC now owns 1,434 shares of the software maker’s stock valued at $999,000 after purchasing an additional 149 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in HubSpot during the 4th quarter valued at $785,000. Mariner LLC increased its holdings in HubSpot by 4.3% during the 4th quarter. Mariner LLC now owns 5,974 shares of the software maker’s stock valued at $4,163,000 after purchasing an additional 249 shares in the last quarter. Finally, SageView Advisory Group LLC acquired a new stake in HubSpot during the 4th quarter valued at $334,000. Institutional investors own 90.39% of the company’s stock.

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.