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

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

A number of other analysts also recently commented on the stock. Truist Financial dropped their price target on shares of HubSpot from $900.00 to $720.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Wells Fargo & Company dropped their target price on HubSpot from $940.00 to $700.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $900.00 price target on shares of HubSpot in a research note on Friday, May 9th. Royal Bank of Canada lifted their price target on HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, Stephens assumed coverage on HubSpot in a report on Wednesday, March 19th. They issued an “overweight” rating and a $769.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $767.61.

HubSpot Stock Performance

Shares of HUBS opened at $608.96 on Friday. HubSpot has a one year low of $434.84 and a one year high of $881.13. The stock’s fifty day moving average is $591.03 and its 200-day moving average is $667.32. The firm has a market capitalization of $32.12 billion, a price-to-earnings ratio of 6,766.96, a price-to-earnings-growth ratio of 41.44 and a beta of 1.70.

Insiders Place Their Bets

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total value of $4,578,100.00. Following the transaction, the insider now owns 525,687 shares in the company, valued at approximately $283,135,018.20. This represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Yamini Rangan sold 680 shares of the firm’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the transaction, the chief executive officer now directly owns 71,693 shares in the company, valued at approximately $43,015,800. The trade was a 0.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,062 shares of company stock worth $11,516,757 in the last quarter. 4.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Elequin Capital LP bought a new stake in HubSpot in the fourth quarter worth $27,000. Larson Financial Group LLC boosted its holdings in HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after acquiring an additional 27 shares during the period. Coppell Advisory Solutions LLC grew its position in shares of HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after purchasing an additional 22 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its position in shares of HubSpot by 213.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after purchasing an additional 32 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in HubSpot by 130.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker’s stock valued at $34,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds 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.