HubSpot (NYSE:HUBS) Price Target Raised to $650.00 at Barclays

HubSpot (NYSE:HUBS) had its price objective upped by equities research analysts at Barclays from $500.00 to $650.00 in a report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the software maker’s stock. Barclays‘s price objective indicates a potential upside of 0.02% from the company’s current price.

HUBS has been the subject of several other research reports. Needham & Company LLC restated a “buy” rating and set a $730.00 price target on shares of HubSpot in a research report on Thursday. KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target for the company in a research report on Thursday, August 8th. BMO Capital Markets lifted their target price on shares of HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday. Canaccord Genuity Group upped their target price on shares of HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Raymond James cut their price objective on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Five 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 has a consensus rating of “Moderate Buy” and an average target price of $660.96.

HubSpot Price Performance

NYSE:HUBS traded up $5.25 during midday trading on Friday, hitting $649.86. The company’s stock had a trading volume of 432,411 shares, compared to its average volume of 591,324. HubSpot has a fifty-two week low of $413.07 and a fifty-two week high of $693.85. The firm has a market cap of $33.37 billion, a P/E ratio of -1,199.76, a P/E/G ratio of 7,506.16 and a beta of 1.63. The firm’s 50 day moving average is $529.41 and its 200-day moving average is $545.99.

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

Insider Activity

In related news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. This trade represents 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 the SEC website. In other news, CEO Yamini Rangan sold 116 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the transaction, the chief executive officer now owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kathryn Bueker sold 1,804 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $992,200.00. Following the sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $22,692,450. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,937 shares of company stock valued at $3,194,673. Insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

Large investors have recently made changes to their positions in the company. HM Payson & Co. increased its holdings in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after buying an additional 18 shares during the last quarter. Hazlett Burt & Watson Inc. increased its stake in shares of HubSpot by 19.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock worth $91,000 after purchasing an additional 25 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of HubSpot by 3.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock valued at $494,000 after purchasing an additional 27 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in HubSpot by 2.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker’s stock valued at $698,000 after purchasing an additional 30 shares during the last quarter. Finally, Quent Capital LLC grew its holdings in HubSpot by 13.0% during the second quarter. Quent Capital LLC now owns 261 shares of the software maker’s stock worth $154,000 after purchasing an additional 30 shares during the period. 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.