Needham & Company LLC Issues Positive Forecast for HubSpot (NYSE:HUBS) Stock Price

HubSpot (NYSE:HUBS) had its target price upped by stock analysts at Needham & Company LLC from $730.00 to $900.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Needham & Company LLC’s price target would indicate a potential upside of 14.67% from the company’s current price.

Several other research analysts also recently commented on HUBS. JPMorgan Chase & Co. lifted their target price on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday. Bank of America lifted their price objective on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Royal Bank of Canada upped their target price on HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Piper Sandler raised their price target on shares of HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, The Goldman Sachs Group upped their price objective on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $802.13.

HubSpot Price Performance

NYSE:HUBS opened at $784.84 on Thursday. HubSpot has a one year low of $434.84 and a one year high of $811.79. The company has a market cap of $40.51 billion, a PE ratio of -2,906.71, a P/E/G ratio of 43.94 and a beta of 1.72. The firm’s 50 day simple moving average is $732.48 and its 200 day simple moving average is $617.71.

HubSpot (NYSE:HUBS) last released its quarterly earnings results 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%. Equities research analysts expect that HubSpot will post 0.42 EPS for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the transaction, the chief technology officer now owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. This represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,112 shares of company stock valued at $51,432,627. Company insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUBS. GDS Wealth Management purchased a new position in shares of HubSpot during the third quarter valued at approximately $2,149,000. Pallas Capital Advisors LLC bought a new position in HubSpot during the 3rd quarter valued at $624,000. Icon Wealth Advisors LLC boosted its holdings in HubSpot by 3,346.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock worth $11,212,000 after acquiring an additional 20,479 shares during the last quarter. Curi RMB Capital LLC grew its stake in shares of HubSpot by 15.1% in the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after acquiring an additional 937 shares in the last quarter. Finally, Advantage Alpha Capital Partners LP raised its holdings in shares of HubSpot by 113.4% in the third quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker’s stock valued at $9,923,000 after purchasing an additional 9,919 shares during the last quarter. 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.