HubSpot (NYSE:HUBS) Price Target Raised to $950.00 at Royal Bank of Canada

HubSpot (NYSE:HUBS) had its price objective raised by stock analysts at Royal Bank of Canada from $825.00 to $950.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the software maker’s stock. Royal Bank of Canada’s price target indicates a potential upside of 13.43% from the company’s current price.

HUBS has been the subject of several other research reports. TD Cowen lowered HubSpot from a “buy” rating to a “hold” rating and increased their target price for the stock from $680.00 to $725.00 in a research report on Friday, January 17th. Citigroup increased their price objective on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday. Evercore ISI boosted their target price on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Morgan Stanley increased their price target on shares of HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective on the stock 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $825.04.

HubSpot Stock Performance

Shares of NYSE HUBS traded up $52.02 during trading hours on Thursday, hitting $837.52. The company’s stock had a trading volume of 638,200 shares, compared to its average volume of 463,740. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13. The stock has a market cap of $43.23 billion, a price-to-earnings ratio of -3,101.81, a P/E/G ratio of 43.94 and a beta of 1.72. The business has a 50-day simple moving average of $732.48 and a 200-day simple moving average of $617.71.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. On average, equities research analysts forecast that HubSpot will post 0.42 EPS for the current year.

Insider Buying and Selling at HubSpot

In other news, Director Lorrie M. Norrington sold 572 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $690.00, for a total transaction of $394,680.00. Following the completion of the sale, the director now owns 1,697 shares of the company’s stock, valued at $1,170,930. The trade was a 25.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,112 shares of company stock worth $51,432,627 in the last three months. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HUBS. GDS Wealth Management bought a new stake in HubSpot during the 3rd quarter worth approximately $2,149,000. Pallas Capital Advisors LLC purchased a new stake in shares of HubSpot in the third quarter worth $624,000. Icon Wealth Advisors LLC raised its position in shares of HubSpot by 3,346.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock valued at $11,212,000 after purchasing an additional 20,479 shares during the period. Curi RMB Capital LLC lifted its stake in shares of HubSpot by 15.1% during the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock valued at $3,797,000 after buying an additional 937 shares in the last quarter. Finally, Advantage Alpha Capital Partners LP boosted its holdings in HubSpot by 113.4% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker’s stock worth $9,923,000 after buying an additional 9,919 shares during the period. 90.39% of the stock is owned by hedge funds and other 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.