HubSpot (NYSE:HUBS) Given New $950.00 Price Target at Royal Bank of Canada

HubSpot (NYSE:HUBS) had its price objective boosted by Royal Bank of Canada from $825.00 to $950.00 in a report released on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the software maker’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 13.43% from the company’s previous close.

Several other research firms have also commented on HUBS. KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective for the company in a research report on Thursday. Wells Fargo & Company lifted their price target on HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a research report on Thursday. Canaccord Genuity Group boosted their price objective on HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday. Needham & Company LLC raised their price objective on HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Scotiabank boosted their target price on HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a research report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $825.04.

HubSpot Stock Up 6.6 %

NYSE HUBS traded up $52.02 on Thursday, reaching $837.52. The company had a trading volume of 638,200 shares, compared to its average volume of 463,740. The firm’s 50 day moving average price is $732.48 and its 200 day moving average price is $617.71. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13. The stock has a market capitalization of $43.23 billion, a PE ratio of -3,101.81, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. On average, research analysts expect that HubSpot will post 0.42 EPS for the current year.

Insider Activity

In other news, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00. Following the completion of the transaction, the chief technology officer now directly owns 1,323,145 shares of the company’s stock, valued at approximately $889,973,789.90. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the sale, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,112 shares of company stock worth $51,432,627. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

A number of large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of HubSpot in the 4th quarter valued at about $420,345,000. Wellington Management Group LLP boosted its stake in HubSpot by 52.2% in the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after acquiring an additional 480,796 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of HubSpot during the fourth quarter worth $157,019,000. Wealthfront Advisers LLC lifted its holdings in shares of HubSpot by 3,090.2% during the 4th quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock valued at $93,049,000 after purchasing an additional 129,357 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of HubSpot by 214,342.4% in the 3rd quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock worth $672,590,000 after purchasing an additional 126,462 shares in the last quarter. 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.