Truist Financial Reaffirms “Buy” Rating for HubSpot (NYSE:HUBS)

Truist Financial restated their buy rating on shares of HubSpot (NYSE:HUBS) in a research note released on Friday,Benzinga reports. The firm currently has a $750.00 price target on the software maker’s stock, up from their previous price target of $600.00.

Other analysts have also recently issued research reports about the company. Barclays dropped their price objective on HubSpot from $575.00 to $500.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Oppenheimer increased their price target on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on shares of HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Needham & Company LLC reiterated a “buy” rating and issued a $730.00 target price on shares of HubSpot in a research note on Thursday, November 7th. Finally, UBS Group raised their price target on shares of HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and an average target price of $666.26.

HubSpot Stock Performance

Shares of HubSpot stock opened at $680.99 on Friday. The stock has a market capitalization of $35.15 billion, a P/E ratio of -2,522.09, a P/E/G ratio of 8,729.41 and a beta of 1.63. HubSpot has a 52-week low of $425.07 and a 52-week high of $693.85. The stock’s 50-day simple moving average is $535.45 and its 200 day simple moving average is $545.35.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating 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 net margin of 0.56% and a negative return on equity of 1.16%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.04) earnings per share.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction that occurred on 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 directly owns 67,203 shares in the company, valued at $33,009,441.57. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other HubSpot news, CEO Yamini Rangan sold 116 shares of the stock in a transaction 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 owns 67,203 shares of the company’s stock, valued at $33,009,441.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kathryn Bueker sold 1,136 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the completion of the transaction, the chief financial officer now owns 41,259 shares in the company, valued at $21,695,632.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,937 shares of company stock worth $3,194,673 over the last three months. Company insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HUBS. Geneos Wealth Management Inc. lifted its holdings in HubSpot by 1,125.0% in the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after buying an additional 45 shares during the period. International Assets Investment Management LLC purchased a new position in shares of HubSpot in the 2nd quarter valued at approximately $35,000. HM Payson & Co. boosted its position in shares of HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares in the last quarter. Crewe Advisors LLC grew its stake in HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after purchasing an additional 63 shares during the period. Finally, J.Safra Asset Management Corp raised its holdings in HubSpot by 690.9% in the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock worth $51,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors 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.