HubSpot (NYSE:HUBS) Receives Buy Rating from Truist Financial

HubSpot (NYSE:HUBS)‘s stock had its “buy” rating reiterated by research analysts at Truist Financial in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $750.00 price target on the software maker’s stock, up from their previous price target of $600.00. Truist Financial’s target price would suggest a potential upside of 16.51% from the company’s current price.

HUBS has been the subject of a number of other research reports. Citigroup reduced their price target on HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a report on Friday, August 9th. Oppenheimer increased their target price on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research note on Thursday. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target for the company in a research note on Thursday, August 8th. Piper Sandler cut 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 report on Thursday. Finally, Wells Fargo & Company raised their price objective on shares of HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $654.71.

HubSpot Stock Up 7.7 %

HUBS opened at $643.74 on Friday. The firm has a market capitalization of $33.06 billion, a P/E ratio of -1,192.09, a P/E/G ratio of 7,506.16 and a beta of 1.63. The firm’s 50 day moving average is $529.41 and its 200-day moving average is $545.99. HubSpot has a 52-week low of $413.07 and a 52-week high of $693.85.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. The firm had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The firm’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.17) EPS.

Insider Activity

In other news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the transaction, the chief executive officer now owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Kathryn Bueker sold 1,804 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $992,200.00. Following the completion of the transaction, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $22,692,450. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,937 shares of company stock valued at $3,194,673. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HubSpot

Institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. raised its position in HubSpot by 1,125.0% in the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after acquiring an additional 45 shares in the last quarter. International Assets Investment Management LLC bought a new stake in HubSpot in the second quarter worth about $35,000. HM Payson & Co. raised its position in HubSpot by 36.0% in 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 in 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 worth $44,000 after acquiring an additional 63 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its position in HubSpot by 690.9% in the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock worth $51,000 after acquiring an additional 76 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.