Wall Street Zen Upgrades HubSpot (NYSE:HUBS) to Buy

HubSpot (NYSE:HUBS - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Thursday.

A number of other equities research analysts have also recently issued reports on HUBS. BMO Capital Markets lowered their target price on shares of HubSpot from $885.00 to $745.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Canaccord Genuity Group lifted their price target on HubSpot from $710.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Piper Sandler increased their price objective on HubSpot from $535.00 to $645.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Jefferies Financial Group cut their target price on HubSpot from $900.00 to $700.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group lowered their price target on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $767.33.

HubSpot Stock Up 1.4%

HubSpot stock traded up $8.50 during midday trading on Thursday, reaching $623.42. The stock had a trading volume of 197,654 shares, compared to its average volume of 637,821. The firm has a market capitalization of $32.88 billion, a PE ratio of 6,927.63, a P/E/G ratio of 41.44 and a beta of 1.78. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13. The firm's 50-day moving average price is $590.80 and its 200 day moving average price is $673.04.

Insider Buying and Selling

In other news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total value of $4,578,100.00. Following the completion of the transaction, the insider now owns 525,687 shares in the company, valued at $283,135,018.20. This trade represents a 1.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 680 shares of the firm's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total value of $408,000.00. Following the transaction, the chief executive officer now directly owns 71,693 shares of the company's stock, valued at $43,015,800. This represents a 0.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,062 shares of company stock valued at $11,516,757 over the last ninety days. 4.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HUBS. Elequin Capital LP purchased a new stake in HubSpot in the fourth quarter worth about $27,000. Larson Financial Group LLC boosted 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 worth $30,000 after purchasing an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after buying an additional 19 shares during the last quarter. Coppell Advisory Solutions LLC increased its position in HubSpot by 91.7% during the 4th 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 in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its stake in HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after buying an additional 32 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

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.