Analysts Set HubSpot, Inc. (NYSE:HUBS) PT at $766.71

HubSpot, Inc. (NYSE:HUBS - Get Free Report) has earned an average rating of "Moderate Buy" from the thirty analysts that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, twenty-five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $766.71.

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group dropped their price objective on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Oppenheimer raised their price target on HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Wall Street Zen lowered HubSpot from a "buy" rating to a "hold" rating in a research report on Sunday, June 15th. Stephens began coverage on HubSpot in a research report on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 target price on the stock. Finally, Macquarie initiated coverage on HubSpot in a research note on Monday, March 24th. They issued an "outperform" rating and a $730.00 target price on the stock.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 680 shares of the business's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total transaction of $408,000.00. Following the sale, the chief executive officer directly owned 71,693 shares of the company's stock, valued at $43,015,800. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian Halligan sold 8,500 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $548.03, for a total value of $4,658,255.00. Following the sale, the director directly owned 523,984 shares of the company's stock, valued at approximately $287,158,951.52. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,680 shares of company stock valued at $9,644,355 over the last 90 days. 4.50% of the stock is currently owned by insiders.

Institutional Trading of HubSpot

A number of hedge funds have recently bought and sold shares of HUBS. Highview Capital Management LLC DE raised its holdings in shares of HubSpot by 4.5% during the fourth quarter. Highview Capital Management LLC DE now owns 3,011 shares of the software maker's stock valued at $2,098,000 after acquiring an additional 129 shares during the period. New York Life Investment Management LLC grew its position in HubSpot by 6.3% during the 4th quarter. New York Life Investment Management LLC now owns 874 shares of the software maker's stock worth $609,000 after purchasing an additional 52 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in HubSpot during the 4th quarter valued at $315,000. US Bancorp DE raised its stake in HubSpot by 8.6% during the 4th quarter. US Bancorp DE now owns 2,630 shares of the software maker's stock valued at $1,833,000 after purchasing an additional 209 shares during the period. Finally, Bridges Investment Management Inc. purchased a new stake in shares of HubSpot in the fourth quarter valued at $238,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Stock Down 2.2%

Shares of NYSE:HUBS traded down $12.48 on Wednesday, reaching $545.38. 1,051,518 shares of the company's stock were exchanged, compared to its average volume of 627,916. The business's 50-day moving average is $600.41 and its two-hundred day moving average is $647.18. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The firm has a market capitalization of $28.76 billion, a price-to-earnings ratio of -1,211.96, a PEG ratio of 20.23 and a beta of 1.66.

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.