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

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

Several other analysts have also recently issued reports on the stock. William Blair reiterated an "outperform" rating on shares of HubSpot in a research note on Thursday, February 13th. Canaccord Genuity Group upped their price target 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 raised HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price objective for the company in a research note on Thursday, February 13th. Oppenheimer boosted their target price on HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Finally, Jefferies Financial Group decreased their target price on HubSpot from $900.00 to $700.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. 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 company. According to MarketBeat, HubSpot has a consensus rating of "Moderate Buy" and an average price target of $767.61.

HubSpot Stock Up 1.1%

HUBS opened at $608.96 on Friday. HubSpot has a twelve month low of $434.84 and a twelve month high of $881.13. The company has a market capitalization of $32.12 billion, a price-to-earnings ratio of 6,766.96, a PEG ratio of 41.44 and a beta of 1.78. The firm has a 50-day moving average price of $591.03 and a 200-day moving average price of $667.86.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 680 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The stock was 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 in the company, valued at approximately $43,015,800. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction 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 sale, the insider now directly owns 525,687 shares of the company's stock, valued at $283,135,018.20. The trade was a 1.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,062 shares of company stock worth $11,516,757. 4.50% of the stock is currently owned by insiders.

Institutional Trading of HubSpot

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strs Ohio bought a new position in shares of HubSpot during the first quarter valued at $10,569,000. Addison Capital Co increased its holdings in shares of HubSpot by 2.7% during the first quarter. Addison Capital Co now owns 4,046 shares of the software maker's stock valued at $2,311,000 after acquiring an additional 106 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of HubSpot by 15.0% during the first quarter. Acadian Asset Management LLC now owns 5,059 shares of the software maker's stock valued at $2,888,000 after acquiring an additional 660 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of HubSpot by 168.8% during the first quarter. Geneos Wealth Management Inc. now owns 172 shares of the software maker's stock valued at $98,000 after acquiring an additional 108 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its holdings in shares of HubSpot by 5.3% during the first quarter. IFM Investors Pty Ltd now owns 9,729 shares of the software maker's stock valued at $5,558,000 after acquiring an additional 488 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.

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