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

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 research note issued on Saturday.

HUBS has been the subject of several other reports. Truist Financial lowered their price objective on HubSpot from $900.00 to $720.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Needham & Company LLC reissued a "buy" rating and issued a $900.00 price objective on shares of HubSpot in a research report on Friday, May 9th. The Goldman Sachs Group dropped their price target on HubSpot from $900.00 to $795.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. 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. Finally, Piper Sandler upped their price target on shares of HubSpot from $535.00 to $645.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Four investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, HubSpot has an average rating of "Moderate Buy" and a consensus price target of $766.71.

HubSpot Stock Performance

NYSE:HUBS traded down $25.24 during trading hours on Friday, reaching $580.83. The stock had a trading volume of 1,206,050 shares, compared to its average volume of 616,848. The stock has a market capitalization of $30.63 billion, a PE ratio of 6,454.33, a PEG ratio of 41.44 and a beta of 1.70. HubSpot has a 52 week low of $434.84 and a 52 week high of $881.13. The company has a 50 day moving average price of $591.29 and a two-hundred day moving average price of $666.37.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the company'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 sale, the insider now directly owns 525,687 shares in the company, valued at $283,135,018.20. This represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Yamini Rangan sold 2,382 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the sale, the chief executive officer now directly owns 72,373 shares of the company's stock, valued at approximately $41,536,312.16. This trade represents a 3.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,062 shares of company stock worth $11,516,757. Company insiders own 4.50% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Legato Capital Management LLC acquired a new position in shares of HubSpot in the 4th quarter worth approximately $1,951,000. Northern Trust Corp increased its holdings in HubSpot by 18.0% in the 4th quarter. Northern Trust Corp now owns 345,535 shares of the software maker's stock valued at $240,758,000 after purchasing an additional 52,792 shares during the last quarter. Empowered Funds LLC raised its position in HubSpot by 3.1% in the fourth quarter. Empowered Funds LLC now owns 833 shares of the software maker's stock valued at $580,000 after purchasing an additional 25 shares during the period. Ensign Peak Advisors Inc lifted its stake in HubSpot by 56.9% during the fourth quarter. Ensign Peak Advisors Inc now owns 159,997 shares of the software maker's stock worth $111,481,000 after purchasing an additional 57,998 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in HubSpot during the fourth quarter worth $32,682,000. Hedge funds and other 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.