Analysts Set HubSpot, Inc. (NYSE:HUBS) Price Target at $767.61

Shares of HubSpot, Inc. (NYSE:HUBS) have been given an average recommendation of “Moderate Buy” by the thirty brokerages that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $766.71.

A number of research analysts have issued reports on HUBS shares. Citigroup boosted their target price on shares of HubSpot from $750.00 to $759.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Stifel Nicolaus set a $750.00 price target on shares of HubSpot in a research note on Friday, April 25th. Canaccord Genuity Group upped their price objective on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. William Blair restated an “outperform” rating on shares of HubSpot in a research note on Thursday, February 13th. Finally, Stephens initiated coverage on shares of HubSpot in a research note on Wednesday, March 19th. They issued an “overweight” rating and a $769.00 price objective for the company.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 680 shares of the business’s 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. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total transaction 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 approximately $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 three months, insiders have sold 20,062 shares of company stock worth $11,516,757. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several institutional investors and hedge funds have recently bought and sold shares of HUBS. Elequin Capital LP acquired a new position in shares of HubSpot in the fourth quarter valued at approximately $27,000. Larson Financial Group LLC grew its position in shares of HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after buying an additional 27 shares during the period. Coppell Advisory Solutions LLC lifted its holdings in shares of HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after purchasing an additional 22 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in shares of HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after purchasing an additional 32 shares in the last quarter. Finally, Bank of Jackson Hole Trust bought a new position in HubSpot during the 4th quarter valued at $35,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Down 1.5%

Shares of NYSE:HUBS opened at $573.34 on Friday. The firm has a 50-day simple moving average of $593.86 and a 200 day simple moving average of $665.14. The company has a market cap of $30.24 billion, a PE ratio of 6,371.10, a P/E/G ratio of 41.44 and a beta of 1.70. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

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.