Morgan Stanley Increases HubSpot (NYSE:HUBS) Price Target to $898.00

HubSpot (NYSE:HUBS) had its target price increased by equities research analysts at Morgan Stanley from $835.00 to $898.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the software maker’s stock. Morgan Stanley’s target price would indicate a potential upside of 14.42% from the company’s previous close.

A number of other research analysts have also commented on HUBS. Wells Fargo & Company increased their price objective on HubSpot from $810.00 to $835.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Oppenheimer increased their price target on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on shares of HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Barclays raised their target price on shares of HubSpot from $725.00 to $815.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Truist Financial reiterated a “buy” rating and issued a $750.00 target price (up previously from $600.00) on shares of HubSpot in a report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and an average target price of $781.38.

HubSpot Stock Performance

Shares of HUBS opened at $784.84 on Thursday. The firm has a market cap of $40.51 billion, a PE ratio of -2,906.71, a PEG ratio of 43.94 and a beta of 1.72. The firm’s 50 day moving average price is $732.48 and its 200 day moving average price is $617.71. HubSpot has a twelve month low of $434.84 and a twelve month high of $811.79.

HubSpot (NYSE:HUBS) last issued 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 1.16% and a negative net margin of 0.56%. On average, sell-side analysts anticipate that HubSpot will post 0.42 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Yamini Rangan sold 115 shares of the business’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 sale, the chief executive officer now owns 61,179 shares of the company’s stock, valued at $43,668,958.41. The trade was a 0.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lorrie M. Norrington sold 572 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $690.00, for a total value of $394,680.00. Following the transaction, the director now owns 1,697 shares of the company’s stock, valued at $1,170,930. This represents a 25.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,112 shares of company stock worth $51,432,627. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

Institutional investors have recently added to or reduced their stakes in the company. Creative Planning increased its holdings in shares of HubSpot by 10.7% during the third quarter. Creative Planning now owns 6,706 shares of the software maker’s stock worth $3,565,000 after buying an additional 650 shares in the last quarter. Swedbank AB grew its position in HubSpot by 1.7% during the 3rd quarter. Swedbank AB now owns 26,361 shares of the software maker’s stock worth $14,014,000 after acquiring an additional 441 shares during the last quarter. Wolff Wiese Magana LLC increased its holdings in HubSpot by 19.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 395 shares of the software maker’s stock valued at $210,000 after purchasing an additional 64 shares in the last quarter. Harbour Capital Advisors LLC raised its position in HubSpot by 1.1% in the 3rd quarter. Harbour Capital Advisors LLC now owns 8,397 shares of the software maker’s stock valued at $4,543,000 after purchasing an additional 88 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in HubSpot by 3.0% in the third quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock worth $494,000 after purchasing an additional 27 shares in the last quarter. 90.39% of the stock is 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.