HubSpot’s (HUBS) Outperform Rating Reaffirmed at William Blair

William Blair reiterated their outperform rating on shares of HubSpot (NYSE:HUBS) in a report issued on Thursday morning,RTT News reports.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research report on Tuesday. Needham & Company LLC boosted their target price on HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday. Mizuho raised their price target on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and boosted their price objective for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Finally, Canaccord Genuity Group raised their target price on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus price target of $857.75.

HubSpot Trading Up 4.3 %

HUBS opened at $819.36 on Thursday. The stock has a market capitalization of $42.30 billion, a P/E ratio of -3,034.57, a PEG ratio of 43.94 and a beta of 1.72. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13. The stock has a 50-day moving average price of $732.48 and a 200-day moving average price of $617.71.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. On average, equities research analysts predict that HubSpot will post 0.42 EPS for the current year.

Insider Activity

In related news, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the completion of the transaction, the chief technology officer now directly owns 1,272,077 shares in the company, valued at $941,197,051.53. This trade represents a 1.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 3,057 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the sale, the chief executive officer now directly owns 54,079 shares in the company, valued at $37,941,285.61. The trade was a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,112 shares of company stock worth $51,432,627 in the last quarter. 4.50% of the stock is owned by company insiders.

Institutional Trading of HubSpot

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in HubSpot by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker’s stock valued at $1,029,262,000 after buying an additional 74,990 shares during the last quarter. Geode Capital Management LLC raised its position in shares of HubSpot by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker’s stock worth $577,572,000 after purchasing an additional 9,922 shares during the last quarter. Groupama Asset Managment raised its position in shares of HubSpot by 3.8% in the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker’s stock worth $506,412,000 after purchasing an additional 26,799 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in HubSpot by 18.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker’s stock worth $471,068,000 after purchasing an additional 104,800 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in HubSpot by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock valued at $469,987,000 after purchasing an additional 24,799 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.