HubSpot (NYSE:HUBS) Stock Rating Upgraded by Wall Street Zen

HubSpot (NYSE:HUBS) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

A number of other research firms also recently weighed in on HUBS. The Goldman Sachs Group decreased their price target on shares of HubSpot from $900.00 to $795.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Needham & Company LLC reissued a “buy” rating and issued a $900.00 target price on shares of HubSpot in a research note on Friday, May 9th. Piper Sandler upped their target price on shares of HubSpot from $535.00 to $645.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Wells Fargo & Company dropped their target price on HubSpot from $940.00 to $700.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Finally, BMO Capital Markets dropped their target price on HubSpot from $885.00 to $745.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $767.33.

HubSpot Trading Down 2.1%

Shares of HUBS stock opened at $614.79 on Thursday. The stock has a 50 day moving average of $590.58 and a two-hundred day moving average of $672.61. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13. The company has a market capitalization of $32.42 billion, a P/E ratio of 6,831.70, a P/E/G ratio of 41.44 and a beta of 1.78.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the sale, the chief executive officer now owns 72,373 shares of the company’s stock, valued at approximately $41,536,312.16. This represents a 3.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares of the company’s stock, valued at approximately $320,283,502.84. The trade was a 1.59% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,062 shares of company stock worth $11,516,757. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several large investors have recently made changes to their positions in the stock. Elequin Capital LP bought a new position in shares of HubSpot in the 4th quarter valued at about $27,000. Larson Financial Group LLC increased its position in HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after buying an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after buying an additional 19 shares during the last quarter. Coppell Advisory Solutions LLC raised its stake in HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after acquiring an additional 22 shares during the period. Finally, Aster Capital Management DIFC Ltd raised its stake in HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock valued at $33,000 after acquiring an additional 32 shares during the period. Institutional investors and hedge funds 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.