JPMorgan Chase & Co. Increases HubSpot (NYSE:HUBS) Price Target to $635.00

HubSpot (NYSE:HUBS) had its price objective boosted by JPMorgan Chase & Co. from $560.00 to $635.00 in a research note issued to investors on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the software maker’s stock.

HUBS has been the topic of a number of other research reports. BMO Capital Markets increased their target price on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $730.00 target price on shares of HubSpot in a report on Monday, October 14th. Oppenheimer reissued an “outperform” rating and set a $625.00 price objective on shares of HubSpot in a research report on Thursday, September 19th. Evercore ISI lifted their price target on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday. Finally, Wells Fargo & Company raised their target price on shares of HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $660.96.

HubSpot Stock Up 1.9 %

HUBS traded up $12.07 during trading hours on Thursday, hitting $656.68. The stock had a trading volume of 946,983 shares, compared to its average volume of 593,695. The stock has a market cap of $33.72 billion, a PE ratio of -1,216.05, a price-to-earnings-growth ratio of 7,506.16 and a beta of 1.63. HubSpot has a 1 year low of $413.07 and a 1 year high of $693.85. The company’s fifty day simple moving average is $535.45 and its 200 day simple moving average is $546.83.

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

Insider Buying and Selling

In other HubSpot news, CFO Kathryn Bueker sold 1,804 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at $22,692,450. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other HubSpot news, CFO Kathryn Bueker sold 1,804 shares of HubSpot stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $992,200.00. Following the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $22,692,450. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,937 shares of company stock valued at $3,194,673 in the last three months. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of HubSpot

Large investors have recently modified their holdings of the business. Private Advisor Group LLC grew its holdings in HubSpot by 5.6% in the first quarter. Private Advisor Group LLC now owns 1,296 shares of the software maker’s stock valued at $812,000 after purchasing an additional 69 shares during the period. Nordea Investment Management AB raised its holdings in shares of HubSpot by 24.8% during the first quarter. Nordea Investment Management AB now owns 3,859 shares of the software maker’s stock worth $2,403,000 after purchasing an additional 768 shares during the period. GSA Capital Partners LLP acquired a new position in HubSpot in the first quarter valued at approximately $835,000. Csenge Advisory Group acquired a new stake in HubSpot in the first quarter worth $219,000. Finally, Geneos Wealth Management Inc. lifted its position in HubSpot by 1,125.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after purchasing an additional 45 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Company Profile

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.