HubSpot (NYSE:HUBS) Hits New 1-Year High – Should You Buy?

HubSpot, Inc. (NYSE:HUBS) shares reached a new 52-week high on Thursday . The stock traded as high as $725.65 and last traded at $725.01, with a volume of 273502 shares traded. The stock had previously closed at $694.48.

Wall Street Analysts Forecast Growth

HUBS has been the topic of a number of recent analyst reports. Raymond James dropped their price target on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Piper Sandler downgraded shares of HubSpot from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $570.00 to $640.00 in a report on Thursday, November 7th. Stifel Nicolaus boosted their price target on shares of HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. The Goldman Sachs Group boosted their target price on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets raised their price objective on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and an average price target of $672.68.

HubSpot Trading Up 3.7 %

The firm’s fifty day moving average is $565.99 and its 200-day moving average is $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, beating analysts’ consensus estimates of $1.91 by $0.27. The business had revenue of $669.72 million during 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 firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.04) EPS. On average, research analysts anticipate that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. This trade represents a 0.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the transaction, the insider now directly owns 513,698 shares in the company, valued at approximately $339,857,459.82. This represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,391 shares of company stock valued at $29,101,488 over the last 90 days. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in shares of HubSpot in the second quarter worth $35,000. HM Payson & Co. lifted its stake in shares of HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares during the period. Crewe Advisors LLC boosted its holdings in shares of HubSpot by 525.0% during the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after buying an additional 63 shares in the last quarter. J.Safra Asset Management Corp boosted its position in shares of HubSpot by 690.9% in the 2nd 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. Finally, True Wealth Design LLC bought a new position in HubSpot during the 3rd quarter valued at about $62,000. 90.39% of the stock is currently owned by institutional investors.

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.