HubSpot's (HUBS) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of HubSpot (NYSE:HUBS - Free Report) in a report issued on Friday morning,Benzinga reports. They currently have a $900.00 price objective on the software maker's stock.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. boosted their target price on HubSpot from $635.00 to $725.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. UBS Group raised HubSpot from a "neutral" rating to a "buy" rating and lowered their target price for the company from $775.00 to $675.00 in a report on Tuesday, April 15th. Canaccord Genuity Group upped their target price on HubSpot from $710.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Wells Fargo & Company lowered their target price on HubSpot from $940.00 to $700.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, TD Cowen lowered HubSpot from a "buy" rating to a "hold" rating and upped their target price for the company from $680.00 to $725.00 in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, HubSpot presently has an average rating of "Moderate Buy" and a consensus target price of $772.56.

HubSpot Price Performance

Shares of NYSE:HUBS traded up $59.07 during midday trading on Friday, reaching $662.12. 1,170,818 shares of the company's stock were exchanged, compared to its average volume of 618,801. The firm's 50 day simple moving average is $584.93 and its two-hundred day simple moving average is $668.28. The stock has a market cap of $34.85 billion, a price-to-earnings ratio of 7,357.73, a P/E/G ratio of 41.44 and a beta of 1.78. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Equities research analysts predict that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now owns 527,233 shares in the company, valued at approximately $320,283,502.84. This trade represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 680 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $600.00, for a total value of $408,000.00. Following the completion of the sale, the chief executive officer now owns 71,693 shares of the company's stock, valued at approximately $43,015,800. This trade represents a 0.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,562 shares of company stock worth $18,401,757. 4.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HubSpot

Large investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot during the 3rd quarter valued at approximately $25,000. Elequin Capital LP acquired a new stake in HubSpot during the 4th quarter valued at approximately $27,000. Larson Financial Group LLC grew its stake in HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after purchasing an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after purchasing an additional 19 shares in the last quarter. Finally, Coppell Advisory Solutions LLC grew its stake 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 purchasing an additional 22 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

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.