Brokerages Set HubSpot, Inc. (NYSE:HUBS) Price Target at $429.90

Shares of HubSpot, Inc. (NYSE:HUBS) have earned an average rating of “Moderate Buy” from the thirty ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, twenty-seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $429.8966.

A number of research firms have recently commented on HUBS. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of HubSpot in a research report on Friday, January 9th. Stifel Nicolaus dropped their price target on HubSpot from $375.00 to $325.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Jefferies Financial Group dropped their target price on HubSpot from $560.00 to $325.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. UBS Group reissued an “overweight” rating on shares of HubSpot in a research report on Thursday, February 12th. Finally, KeyCorp dropped their target price on HubSpot from $400.00 to $340.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th.

HubSpot Price Performance

NYSE HUBS opened at $205.47 on Friday. The firm has a market cap of $10.84 billion, a P/E ratio of 236.18, a P/E/G ratio of 3.02 and a beta of 1.44. The stock’s 50-day moving average is $249.23 and its 200-day moving average is $350.84. HubSpot has a one year low of $198.51 and a one year high of $682.57.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. The company had revenue of $846.75 million for the quarter, compared to analyst estimates of $830.65 million. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.HubSpot’s revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.32 earnings per share. Equities analysts anticipate that HubSpot will post 1.01 EPS for the current year.

Insiders Place Their Bets

In other news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $262.75, for a total value of $2,233,375.00. Following the sale, the director owned 370,558 shares of the company’s stock, valued at $97,364,114.50. The trade was a 2.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Erika Ashley Fisher sold 841 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the sale, the insider directly owned 10,119 shares in the company, valued at approximately $2,408,423.19. This represents a 7.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 26,691 shares of company stock worth $7,250,662. 4.00% of the stock is currently owned by insiders.

Institutional Trading of HubSpot

A number of institutional investors have recently made changes to their positions in HUBS. Strategic Advocates LLC bought a new stake in shares of HubSpot in the third quarter worth $25,000. Turning Point Benefit Group Inc. acquired a new position in shares of HubSpot during the 3rd quarter worth approximately $25,000. Goodman Advisory Group LLC acquired a new position in shares of HubSpot during the 2nd quarter worth approximately $27,000. Exane Asset Management acquired a new position in shares of HubSpot during the 3rd quarter worth approximately $30,000. Finally, Rakuten Securities Inc. increased its position in shares of HubSpot by 783.3% during the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.