HubSpot (NYSE:HUBS) Upgraded at UBS Group

HubSpot (NYSE:HUBS) was upgraded by analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

HUBS has been the topic of several other research reports. TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and upped their price target for the stock from $680.00 to $725.00 in a report on Friday, January 17th. Raymond James lifted their target price on HubSpot from $750.00 to $980.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price objective on shares of HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Stifel Nicolaus upped their price objective on shares of HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Piper Sandler upped their price target on shares of HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $863.96.

HubSpot Trading Down 3.0 %

Shares of NYSE:HUBS opened at $748.14 on Wednesday. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13. The company has a market capitalization of $39.02 billion, a price-to-earnings ratio of 8,313.56, a PEG ratio of 42.71 and a beta of 1.72. The business has a 50-day moving average price of $739.84 and a 200 day moving average price of $629.64.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities research analysts predict that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the transaction, the chief technology officer now directly owns 1,272,077 shares of the company’s stock, valued at approximately $941,197,051.53. The trade was a 1.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now owns 524,751 shares of the company’s stock, valued at $425,048,310. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,112 shares of company stock valued at $35,878,612. Insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in HubSpot by 5.4% during the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock worth $178,000 after purchasing an additional 13 shares during the last quarter. Wedbush Securities Inc. boosted its position in HubSpot by 3.4% during the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock worth $274,000 after acquiring an additional 13 shares during the period. First Horizon Advisors Inc. lifted its holdings in HubSpot by 2.4% in the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock worth $445,000 after purchasing an additional 15 shares during the period. Amalgamated Bank boosted its holdings in shares of HubSpot by 0.5% in the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock valued at $2,271,000 after acquiring an additional 16 shares in the last quarter. Finally, Avitas Wealth Management LLC increased its position in shares of HubSpot by 0.8% during the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock valued at $1,420,000 after purchasing an additional 17 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.