Macquarie Initiates Coverage on HubSpot (NYSE:HUBS)

Macquarie started coverage on shares of HubSpot (NYSE:HUBS) in a research report released on Monday, Marketbeat Ratings reports. The firm issued an outperform rating and a $730.00 target price on the software maker’s stock.

A number of other equities research analysts also recently weighed in on HUBS. JPMorgan Chase & Co. boosted their price target on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Redburn Atlantic initiated coverage on HubSpot in a research report on Wednesday, February 19th. They issued a “buy” rating on the stock. Canaccord Genuity Group lifted their price objective on HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Piper Sandler increased their target price on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company boosted their target price on HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $848.58.

HubSpot Stock Performance

NYSE HUBS opened at $609.02 on Monday. The stock has a market capitalization of $31.76 billion, a P/E ratio of 6,767.62, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. HubSpot has a 52 week low of $434.84 and a 52 week high of $881.13. The stock has a fifty day moving average of $710.31 and a 200-day moving average of $657.69.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Equities research analysts forecast that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Kathryn Bueker sold 1,796 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. This represents a 4.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 3,057 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,425 shares of company stock valued at $15,866,151. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

A number of large investors have recently bought and sold shares of HUBS. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot in the 3rd quarter valued at approximately $25,000. Elequin Capital LP bought a new position in HubSpot in the fourth quarter valued at approximately $27,000. Larson Financial Group LLC raised 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 valued at $30,000 after purchasing an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake 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 purchasing an additional 19 shares during the last quarter. Finally, Coppell Advisory Solutions LLC lifted its stake in HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after purchasing an additional 22 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.