HubSpot (NYSE:HUBS) Coverage Initiated at Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of HubSpot (NYSE:HUBS - Get Free Report) in a report released on Tuesday, MarketBeat.com reports. The brokerage set an "overweight" rating and a $775.00 price target on the software maker's stock. Cantor Fitzgerald's target price points to a potential upside of 29.29% from the company's previous close.

Several other equities research analysts have also recently commented on HUBS. Citigroup boosted their target price on HubSpot from $750.00 to $759.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Canaccord Genuity Group increased their target price on shares of HubSpot from $710.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. KeyCorp upgraded shares of HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price target on the stock in a research note on Thursday, February 13th. Wall Street Zen cut HubSpot from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, JPMorgan Chase & Co. upped their target price on HubSpot from $635.00 to $725.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, HubSpot presently has a consensus rating of "Moderate Buy" and an average target price of $767.61.

HubSpot Price Performance

Shares of HUBS traded down $0.66 during midday trading on Tuesday, hitting $599.45. The stock had a trading volume of 354,064 shares, compared to its average volume of 612,980. The firm has a market cap of $31.61 billion, a price-to-earnings ratio of 6,661.30, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78. The company has a 50 day simple moving average of $589.49 and a two-hundred day simple moving average of $669.30. HubSpot has a twelve month low of $434.84 and a twelve month high of $881.13.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 680 shares of the business's stock in a transaction dated 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 now directly owns 71,693 shares in the company, valued at approximately $43,015,800. The trade was a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the transaction, the insider now directly owns 527,233 shares of the company's stock, valued at $320,283,502.84. This represents a 1.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,062 shares of company stock worth $11,516,757 over the last quarter. Corporate insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On HubSpot

Institutional investors have recently added to or reduced their stakes in the business. Elequin Capital LP bought a new stake in shares of HubSpot in the fourth quarter worth $27,000. Larson Financial Group LLC grew its position in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after buying an additional 27 shares during the last quarter. Coppell Advisory Solutions LLC increased its stake in shares of HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after buying an additional 22 shares during the period. Aster Capital Management DIFC Ltd raised its position in shares of HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after acquiring an additional 32 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of HubSpot by 130.8% in the first quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock worth $34,000 after acquiring an additional 34 shares during the period. 90.39% of the stock is owned by institutional investors.

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.