HubSpot (NYSE:HUBS) Given New $900.00 Price Target at Oppenheimer

HubSpot (NYSE:HUBS) had its price target hoisted by Oppenheimer from $850.00 to $900.00 in a report issued on Thursday morning,Benzinga reports. They currently have an outperform rating on the software maker’s stock.

Several other research analysts have also weighed in on HUBS. BMO Capital Markets lifted their price objective on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. UBS Group downgraded shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 17th. Barclays raised their target price on HubSpot from $725.00 to $815.00 and gave the company an “equal weight” rating in a report on Thursday. The Goldman Sachs Group increased their price target on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, TD Cowen lowered shares of HubSpot from a “buy” rating to a “hold” rating and upped their target price for the stock from $680.00 to $725.00 in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, HubSpot has an average 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. The stock has a market cap of $42.30 billion, a price-to-earnings ratio of -3,034.57, a P/E/G ratio of 43.94 and a beta of 1.72. The company’s fifty day moving average is $732.48 and its 200 day moving average is $617.71. HubSpot has a twelve month low of $434.84 and a twelve month high of $881.13.

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

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the completion of the transaction, the chief executive officer now directly owns 54,079 shares in the company, valued at approximately $37,941,285.61. This represents a 5.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00. Following the transaction, the chief technology officer now owns 1,323,145 shares in the company, valued at $889,973,789.90. This trade represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,112 shares of company stock valued at $51,432,627 over the last quarter. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC raised its holdings in shares of HubSpot by 168.8% in 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 in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after purchasing an additional 19 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in HubSpot in the third quarter worth about $25,000. Aster Capital Management DIFC Ltd boosted its stake in HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock valued at $33,000 after buying an additional 32 shares in the last quarter. Finally, Bank of Jackson Hole Trust bought a new stake in shares of HubSpot in the 4th quarter worth about $35,000. 90.39% of the stock is currently 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.