HubSpot (NYSE:HUBS) Reaches New 52-Week High – What’s Next?

HubSpot, Inc. (NYSE:HUBS)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $725.65 and last traded at $725.01, with a volume of 273502 shares trading hands. The stock had previously closed at $694.48.

Wall Street Analysts Forecast Growth

HUBS has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Raymond James lowered their price target on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Oppenheimer upped their target price on HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Stifel Nicolaus lifted their price target on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Barclays lifted their target price on HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $672.68.

HubSpot Price Performance

The business has a fifty day moving average price of $565.99 and a 200 day moving average price of $549.90.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.27. The company had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.04) earnings per share. As a group, sell-side analysts forecast that HubSpot, Inc. will post 0.4 earnings per share for the current year.

Insider Activity

In other HubSpot news, CFO Kathryn Bueker sold 4,381 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $28,881,300. The trade was a 9.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 1,507 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $792,440.88. Following the transaction, the chief executive officer now owns 62,668 shares in the company, valued at $32,953,341.12. The trade was a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,391 shares of company stock valued at $29,101,488. Company insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

A number of large investors have recently modified their holdings of HUBS. Wellington Management Group LLP lifted its stake in HubSpot by 52.2% during the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after purchasing an additional 480,796 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of HubSpot by 10.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after acquiring an additional 176,336 shares during the last quarter. Fred Alger Management LLC raised its position in shares of HubSpot by 516.2% during the second quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker’s stock worth $96,307,000 after purchasing an additional 136,793 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of HubSpot by 214,342.4% during the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock valued at $672,590,000 after purchasing an additional 126,462 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in HubSpot by 88.7% in the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock worth $142,468,000 after purchasing an additional 113,555 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.