JPMorgan Chase & Co. Issues Positive Forecast for HubSpot (NYSE:HUBS) Stock Price

HubSpot (NYSE:HUBS) had its target price increased by JPMorgan Chase & Co. from $635.00 to $725.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the software maker’s stock.

HUBS has been the subject of several other research reports. Evercore ISI boosted their target price on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Jefferies Financial Group boosted their price objective on shares of HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. BMO Capital Markets increased their target price on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price target on shares of HubSpot from $810.00 to $835.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Finally, Oppenheimer raised their price objective on HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and a consensus target price of $747.92.

HubSpot Price Performance

Shares of NYSE HUBS opened at $784.27 on Tuesday. The business has a 50-day moving average of $730.62 and a two-hundred day moving average of $614.48. The company has a market capitalization of $40.48 billion, a price-to-earnings ratio of -2,904.61, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72. HubSpot has a 1 year low of $434.84 and a 1 year high of $811.79.

Insider Transactions at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the sale, the insider now owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 115 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This trade represents a 0.19 % 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 worth $51,432,627 over the last ninety days. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HubSpot

Several institutional investors have recently made changes to their positions in HUBS. Zevenbergen Capital Investments LLC lifted its stake in shares of HubSpot by 7.6% in the fourth quarter. Zevenbergen Capital Investments LLC now owns 38,115 shares of the software maker’s stock valued at $26,557,000 after purchasing an additional 2,680 shares during the period. Prudential Financial Inc. increased its holdings in HubSpot by 318.8% in the fourth quarter. Prudential Financial Inc. now owns 11,204 shares of the software maker’s stock valued at $7,807,000 after buying an additional 8,529 shares in the last quarter. Sheets Smith Investment Management acquired a new stake in shares of HubSpot during the 4th quarter valued at approximately $1,045,000. Paces Ferry Wealth Advisors LLC lifted its position in shares of HubSpot by 50.4% during the 4th quarter. Paces Ferry Wealth Advisors LLC now owns 770 shares of the software maker’s stock valued at $537,000 after acquiring an additional 258 shares during the period. Finally, LPL Financial LLC boosted its stake in shares of HubSpot by 5.2% during the 4th quarter. LPL Financial LLC now owns 31,805 shares of the software maker’s stock worth $22,161,000 after acquiring an additional 1,576 shares in the last quarter. 90.39% of the stock is currently 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.