HubSpot, Inc. (NYSE:HUBS) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• HubSpot, Inc. has received a consensus recommendation of "Moderate Buy" from thirty brokerages, with an average twelve-month price objective of $759.04.
• Several institutional investors, including Price T Rowe Associates and Norges Bank, have significantly increased their holdings in HubSpot, raising the institutional ownership to 90.39%.
• Insider trading activity includes the sale of shares by Director Brian Halligan and CEO Yamini Rangan, indicating a decrease in their ownership stakes of 1.60% and 3.59%, respectively.

Shares of HubSpot, Inc. (NYSE:HUBS - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the thirty brokerages that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, twenty-five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $759.04.

A number of brokerages have recently issued reports on HUBS. Piper Sandler lifted their price objective on shares of HubSpot from $535.00 to $645.00 and gave the company a "neutral" rating in a report on Friday, May 9th. The Goldman Sachs Group reduced their price objective on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a report on Friday, May 9th. Jefferies Financial Group reduced their price objective on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Stifel Nicolaus reduced their price objective on shares of HubSpot from $750.00 to $700.00 and set a "buy" rating for the company in a report on Monday, July 14th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $825.00 price objective (down from $980.00) on shares of HubSpot in a report on Friday, May 9th.

Insider Activity

In other news, Director Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total value of $4,616,095.00. Following the sale, the director owned 522,435 shares of the company's stock, valued at $283,718,775.45. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Yamini Rangan sold 2,383 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the completion of the sale, the chief executive officer directly owned 63,918 shares in the company, valued at approximately $35,269,313.22. This trade represents a 3.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,998 shares of company stock valued at $10,928,616 over the last quarter. Company insiders own 4.50% of the company's stock.

Institutional Trading of HubSpot

Several hedge funds and other institutional investors have recently modified their holdings of HUBS. Price T Rowe Associates Inc. MD raised its position in shares of HubSpot by 17.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker's stock valued at $2,805,070,000 after purchasing an additional 714,980 shares during the period. Norges Bank bought a new stake in shares of HubSpot in the fourth quarter valued at approximately $420,345,000. Massachusetts Financial Services Co. MA raised its position in shares of HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock valued at $530,115,000 after purchasing an additional 251,853 shares during the period. Vanguard Group Inc. raised its position in shares of HubSpot by 4.0% in the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker's stock valued at $2,997,407,000 after purchasing an additional 201,994 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of HubSpot by 80,552.5% in the first quarter. GAMMA Investing LLC now owns 178,242 shares of the software maker's stock valued at $1,018,280,000 after purchasing an additional 178,021 shares during the period. Institutional investors own 90.39% of the company's stock.

HubSpot Trading Up 1.4%

NYSE:HUBS opened at $559.81 on Friday. The stock has a market capitalization of $29.52 billion, a price-to-earnings ratio of -1,244.03, a PEG ratio of 20.80 and a beta of 1.66. The firm has a fifty day simple moving average of $569.90 and a two-hundred day simple moving average of $626.72. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13.

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.

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