HubSpot (NYSE:HUBS) Now Covered by Redburn Atlantic

Redburn Atlantic started coverage on shares of HubSpot (NYSE:HUBS) in a research report released on Wednesday, Marketbeat reports. The firm issued a buy rating on the software maker’s stock.

A number of other analysts also recently issued reports on HUBS. Morgan Stanley raised their price objective on shares of HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Needham & Company LLC lifted their target price on shares of HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Truist Financial reiterated a “buy” rating and issued a $900.00 target price (up previously from $750.00) on shares of HubSpot in a research note on Thursday, February 13th. JPMorgan Chase & Co. lifted their target price on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, TD Cowen downgraded shares of HubSpot from a “buy” rating to a “hold” rating and lifted their target price for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $863.96.

HubSpot Stock Performance

NYSE HUBS opened at $771.11 on Wednesday. HubSpot has a 52-week low of $434.84 and a 52-week high of $881.13. The company has a 50-day simple moving average of $738.68 and a 200 day simple moving average of $627.81. The company has a market capitalization of $40.22 billion, a PE ratio of 8,568.89, a price-to-earnings-growth ratio of 48.94 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 analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. As a group, analysts forecast that HubSpot will post 0.93 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total value of $6,202,025.00. Following the completion of the sale, the insider now directly owns 513,698 shares in the company, valued at approximately $374,819,745.70. The trade was a 1.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the sale, the chief executive officer now owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,612 shares of company stock worth $28,993,612 over the last three months. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On HubSpot

A number of hedge funds have recently made changes to their positions in HUBS. Creative Planning lifted its holdings in shares of HubSpot by 10.7% in the 3rd quarter. Creative Planning now owns 6,706 shares of the software maker’s stock worth $3,565,000 after acquiring an additional 650 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of HubSpot by 57.9% in the 3rd quarter. Blue Trust Inc. now owns 720 shares of the software maker’s stock worth $425,000 after acquiring an additional 264 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of HubSpot by 16.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 690 shares of the software maker’s stock worth $367,000 after acquiring an additional 100 shares during the last quarter. Eastern Bank bought a new stake in shares of HubSpot in the 3rd quarter worth approximately $80,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of HubSpot by 214,342.4% in the 3rd quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock worth $672,590,000 after acquiring an additional 126,462 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

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.