HubSpot (NYSE:HUBS) Given New $635.00 Price Target at JPMorgan Chase & Co.

HubSpot (NYSE:HUBS) had its target price lifted by JPMorgan Chase & Co. from $560.00 to $635.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the software maker’s stock.

Several other research analysts also recently weighed in on the company. Stifel Nicolaus boosted their target price on HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Piper Sandler lowered shares of HubSpot from an “overweight” rating to a “neutral” rating and upped their price target for the company from $570.00 to $640.00 in a research note on Thursday. Citigroup lowered their price objective on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a research note on Friday, August 9th. The Goldman Sachs Group upped their target price on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Evercore ISI boosted their price target on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $666.26.

HubSpot Stock Up 1.9 %

Shares of NYSE:HUBS opened at $656.56 on Thursday. The firm has a 50 day moving average of $535.45 and a 200 day moving average of $546.09. The company has a market capitalization of $33.89 billion, a price-to-earnings ratio of -2,431.61, a price-to-earnings-growth ratio of 8,729.41 and a beta of 1.63. HubSpot has a 52 week low of $413.07 and a 52 week high of $693.85.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The business had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company’s revenue was up 20.1% compared to the same quarter last year. During the same period last year, the business earned ($0.04) EPS.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 1,374 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $755,700.00. Following the transaction, the chief executive officer now owns 61,294 shares in the company, valued at $33,711,700. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other HubSpot news, CFO Kathryn Bueker sold 1,804 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at $22,692,450. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 1,374 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $755,700.00. Following the transaction, the chief executive officer now directly owns 61,294 shares in the company, valued at approximately $33,711,700. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,937 shares of company stock valued at $3,194,673 over the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Institutional investors and hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in shares of HubSpot by 1,125.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after buying an additional 45 shares during the last quarter. International Assets Investment Management LLC purchased a new position in HubSpot in the second quarter worth approximately $35,000. HM Payson & Co. increased its stake in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after acquiring an additional 18 shares during the last quarter. Crewe Advisors LLC raised its position in HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after purchasing an additional 63 shares during the period. Finally, J.Safra Asset Management Corp lifted its stake in shares of HubSpot by 690.9% in the 2nd quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after purchasing an additional 76 shares during the last quarter. 90.39% of the stock is currently 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.