HubSpot (NYSE:HUBS) Shares Gap Up to $590.05

HubSpot, Inc. (NYSE:HUBS - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $590.05, but opened at $625.00. HubSpot shares last traded at $600.50, with a volume of 616,328 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wolfe Research increased their price objective on HubSpot from $660.00 to $715.00 and gave the company an "outperform" rating in a research report on Thursday, February 15th. Royal Bank of Canada boosted their price target on HubSpot from $625.00 to $700.00 and gave the company an "outperform" rating in a research note on Thursday, February 15th. Wells Fargo & Company lifted their price objective on HubSpot from $700.00 to $725.00 and gave the stock an "overweight" rating in a report on Thursday, February 15th. Evercore ISI upped their target price on HubSpot from $625.00 to $650.00 and gave the company an "in-line" rating in a research note on Thursday, February 15th. Finally, Scotiabank lifted their price target on shares of HubSpot from $650.00 to $700.00 and gave the stock a "sector outperform" rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $637.27.

HubSpot Trading Down 0.5 %

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a market cap of $29.90 billion, a P/E ratio of -165.29 and a beta of 1.57. The business's fifty day moving average is $628.65 and its 200-day moving average is $567.79.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.30) by $0.22. The business had revenue of $581.91 million during the quarter, compared to the consensus estimate of $557.48 million. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. Analysts predict that HubSpot, Inc. will post -0.98 EPS for the current year.

Insider Activity

In related news, CEO Yamini Rangan sold 8,817 shares of HubSpot stock in a transaction on Friday, March 1st. The shares were sold at an average price of $620.00, for a total value of $5,466,540.00. Following the completion of the sale, the chief executive officer now owns 88,977 shares of the company's stock, valued at approximately $55,165,740. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Yamini Rangan sold 8,817 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $620.00, for a total transaction of $5,466,540.00. Following the completion of the sale, the chief executive officer now directly owns 88,977 shares of the company's stock, valued at $55,165,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dawson Alyssa Harvey sold 1,086 shares of the company's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $618.25, for a total value of $671,419.50. Following the completion of the transaction, the insider now owns 7,783 shares of the company's stock, valued at approximately $4,811,839.75. The disclosure for this sale can be found here. Insiders sold a total of 21,393 shares of company stock worth $13,421,401 over the last quarter. 4.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Riverview Trust Co purchased a new position in HubSpot during the first quarter valued at approximately $27,000. Rakuten Securities Inc. bought a new stake in HubSpot during the fourth quarter valued at $29,000. Geneos Wealth Management Inc. grew its position in HubSpot by 1,125.0% during the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker's stock worth $31,000 after buying an additional 45 shares in the last quarter. Venturi Wealth Management LLC increased its stake in HubSpot by 335.7% in the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker's stock worth $35,000 after acquiring an additional 47 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in HubSpot by 1,380.0% in the fourth quarter. Larson Financial Group LLC now owns 74 shares of the software maker's stock valued at $43,000 after purchasing an additional 69 shares in the last quarter. Hedge funds and other institutional investors 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.