HubSpot (NYSE:HUBS) Price Target Raised to $898.00 at Morgan Stanley

HubSpot (NYSE:HUBS) had its price target hoisted by equities research analysts at Morgan Stanley from $835.00 to $898.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the software maker’s stock. Morgan Stanley’s price objective indicates a potential upside of 14.42% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Oppenheimer upped their target price on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. TD Cowen downgraded shares of HubSpot from a “buy” rating to a “hold” rating and boosted their price target for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Scotiabank raised their price objective on shares of HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a research note on Wednesday, January 8th. Evercore ISI upped their target price on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Finally, Mizuho raised their price target on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and an average price target of $781.38.

HubSpot Price Performance

Shares of HubSpot stock opened at $784.84 on Thursday. The firm has a 50 day simple moving average of $732.48 and a 200 day simple moving average of $617.71. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $811.79. The firm has a market cap of $40.51 billion, a P/E ratio of -2,906.71, a P/E/G ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate 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, sell-side analysts expect that HubSpot will post 0.42 EPS for the current year.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was 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 $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated 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 transaction, the insider now owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,112 shares of company stock valued at $51,432,627 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

Hedge funds and other institutional investors have recently made changes to their positions in the business. MIG Capital LLC acquired a new position in HubSpot during the fourth quarter worth $332,000. Ilmarinen Mutual Pension Insurance Co lifted its position in HubSpot by 25.9% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 17,000 shares of the software maker’s stock worth $11,845,000 after buying an additional 3,500 shares in the last quarter. Wedbush Securities Inc. boosted its stake in shares of HubSpot by 3.4% during the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock worth $274,000 after buying an additional 13 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of HubSpot by 2.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 67,895 shares of the software maker’s stock valued at $47,307,000 after acquiring an additional 1,717 shares in the last quarter. Finally, Hel Ved Capital Management Ltd increased its position in shares of HubSpot by 172.4% in the fourth quarter. Hel Ved Capital Management Ltd now owns 4,835 shares of the software maker’s stock valued at $3,369,000 after acquiring an additional 3,060 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.