HubSpot (NYSE:HUBS) Stock Rating Upgraded by Wall Street Zen

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

A number of other equities research analysts have also commented on the company. The Goldman Sachs Group lowered their price target on HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a research report on Friday, May 9th. BMO Capital Markets cut their price target 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. Cantor Fitzgerald started coverage on shares of HubSpot in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $775.00 price objective for the company. UBS Group boosted their target price on HubSpot from $675.00 to $820.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Morgan Stanley increased their price target on HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Four analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, HubSpot has a consensus rating of "Moderate Buy" and an average target price of $766.71.

HubSpot Stock Down 5.4%

Shares of HUBS opened at $523.76 on Friday. The business's fifty day moving average is $591.09 and its 200 day moving average is $638.34. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13. The stock has a market cap of $27.62 billion, a P/E ratio of -1,163.91, a P/E/G ratio of 20.58 and a beta of 1.66.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,383 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer owned 63,918 shares in the company, valued at approximately $35,269,313.22. This represents a 3.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $548.03, for a total transaction of $4,658,255.00. Following the completion of the sale, the director owned 523,984 shares of the company's stock, valued at $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. In the last three months, insiders have sold 20,678 shares of company stock valued at $11,298,621. 4.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Abacus FCF Advisors LLC purchased a new position in HubSpot in the second quarter worth about $6,520,000. Farther Finance Advisors LLC raised its position in HubSpot by 12.9% in the second quarter. Farther Finance Advisors LLC now owns 360 shares of the software maker's stock worth $201,000 after acquiring an additional 41 shares during the period. Perpetual Ltd boosted its stake in shares of HubSpot by 20.0% during the 2nd quarter. Perpetual Ltd now owns 1,345 shares of the software maker's stock worth $749,000 after acquiring an additional 224 shares during the last quarter. IFM Investors Pty Ltd grew its position in shares of HubSpot by 6.0% during the 2nd quarter. IFM Investors Pty Ltd now owns 10,312 shares of the software maker's stock valued at $5,740,000 after acquiring an additional 583 shares during the period. Finally, Moody National Bank Trust Division increased its stake in shares of HubSpot by 8.2% in the 2nd quarter. Moody National Bank Trust Division now owns 4,112 shares of the software maker's stock worth $2,289,000 after purchasing an additional 311 shares in the last quarter. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.