HubSpot (NYSE:HUBS) Now Covered by Analysts at BNP Paribas

BNP Paribas began coverage on shares of HubSpot (NYSE:HUBS - Free Report) in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage issued an outperform rating and a $700.00 price target on the software maker's stock.

A number of other brokerages have also weighed in on HUBS. StockNews.com lowered shares of HubSpot from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Citigroup upped their price objective on HubSpot from $750.00 to $900.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. TD Cowen lowered HubSpot from a "buy" rating to a "hold" rating and raised their target price for the stock from $680.00 to $725.00 in a research report on Friday, January 17th. Raymond James upped their price target on HubSpot from $750.00 to $980.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, Oppenheimer raised their price objective on shares of HubSpot from $850.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, HubSpot has a consensus rating of "Moderate Buy" and a consensus target price of $789.11.

HubSpot Stock Performance

Shares of NYSE HUBS traded up $16.06 during mid-day trading on Tuesday, reaching $616.56. 648,332 shares of the company's stock were exchanged, compared to its average volume of 621,587. The company's 50-day moving average is $604.15 and its 200-day moving average is $661.47. The firm has a market capitalization of $32.16 billion, a price-to-earnings ratio of 6,851.43, a PEG ratio of 41.44 and a beta of 1.82. HubSpot has a 52-week low of $434.84 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last posted its 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 net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities analysts predict that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the sale, the insider now directly owns 524,751 shares of the company's stock, valued at $425,048,310. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the sale, the chief executive officer now owns 72,373 shares in the company, valued at approximately $41,536,312.16. This trade represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,882 shares of company stock valued at $17,993,757. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On HubSpot

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of HubSpot during the 4th quarter worth $420,345,000. Raymond James Financial Inc. acquired a new stake in shares of HubSpot during the 4th quarter valued at approximately $157,019,000. GAMMA Investing LLC boosted its stake in shares of HubSpot by 80,552.5% during the 1st quarter. GAMMA Investing LLC now owns 178,242 shares of the software maker's stock worth $1,018,280,000 after acquiring an additional 178,021 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in shares of HubSpot by 3,090.2% in the 4th quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker's stock worth $93,049,000 after acquiring an additional 129,357 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in shares of HubSpot in the 4th quarter worth approximately $79,135,000. Institutional investors and hedge funds own 90.39% of the company's stock.

HubSpot Company Profile

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.