HubSpot (NYSE:HUBS) Upgraded at KeyCorp

KeyCorp upgraded shares of HubSpot (NYSE:HUBS) from a sector weight rating to an overweight rating in a research note released on Thursday, MarketBeat reports. KeyCorp currently has $920.00 price target on the software maker’s stock.

Several other equities research analysts also recently issued reports on HUBS. Bank of America boosted their price objective on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Scotiabank increased their price target on HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a report on Wednesday, January 8th. Canaccord Genuity Group raised their price objective on HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday. Truist Financial reaffirmed a “buy” rating and issued a $750.00 target price (up previously from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Finally, TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and raised their target price for the company from $680.00 to $725.00 in a report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average price target of $857.75.

HubSpot Stock Up 4.3 %

HUBS stock opened at $819.36 on Thursday. The company has a market cap of $42.30 billion, a price-to-earnings ratio of -3,034.57, a PEG ratio of 43.94 and a beta of 1.72. The business has a fifty day simple moving average of $732.48 and a 200-day simple moving average of $617.71. HubSpot has a 52 week low of $434.84 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly 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 return on equity of 1.16% and a negative net margin of 0.56%. As a group, analysts expect that HubSpot will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling at HubSpot

In related news, CFO Kathryn Bueker sold 1,796 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the transaction, the chief financial officer now owns 38,560 shares in the company, valued at $27,053,310.40. The trade was a 4.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 3,057 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the sale, the chief executive officer now owns 54,079 shares in the company, valued at $37,941,285.61. The trade was a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,112 shares of company stock worth $51,432,627 over the last 90 days. Insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

A number of large investors have recently modified their holdings of HUBS. Wilmington Savings Fund Society FSB acquired a new position in HubSpot during the 3rd quarter valued at about $25,000. Larson Financial Group LLC boosted its position in shares of 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 period. MassMutual Private Wealth & Trust FSB grew its holdings in HubSpot by 73.1% in the 4th 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 in the last quarter. Aster Capital Management DIFC Ltd increased its position 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. Finally, Bank of Jackson Hole Trust bought a new stake in HubSpot during the 4th quarter valued at $35,000. 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.