HubSpot (NYSE:HUBS) Hits New 1-Year High at $489.70

Shares of HubSpot, Inc. (NYSE:HUBS – Get Rating) hit a new 52-week high during trading on Monday . The stock traded as high as $489.70 and last traded at $489.70, with a volume of 58787 shares. The stock had previously closed at $480.51.

Analyst Ratings Changes

Several analysts recently commented on HUBS shares. Needham & Company LLC lifted their target price on shares of HubSpot from $380.00 to $470.00 and gave the stock a “buy” rating in a report on Friday, February 17th. Oppenheimer boosted their price objective on shares of HubSpot from $375.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday, February 21st. 888 reissued a “maintains” rating on shares of HubSpot in a report on Thursday, May 4th. Piper Sandler reissued an “overweight” rating and issued a $450.00 price objective on shares of HubSpot in a report on Monday, March 6th. Finally, Mizuho boosted their price objective on shares of HubSpot from $350.00 to $450.00 and gave the company a “buy” rating in a report on Friday, February 17th. Three research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $428.04.

HubSpot Stock Performance

The stock’s 50 day moving average price is $426.27 and its 200 day moving average price is $360.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.25 and a current ratio of 2.25. The company has a market capitalization of $23.89 billion, a P/E ratio of -164.23 and a beta of 1.61.

HubSpot (NYSE:HUBS – Get Rating) last posted its quarterly earnings data on Wednesday, May 3rd. The software maker reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.16. HubSpot had a negative net margin of 7.71% and a negative return on equity of 10.48%. The company had revenue of $501.62 million for the quarter, compared to analyst estimates of $474.55 million. As a group, equities analysts expect that HubSpot, Inc. will post -1.8 EPS for the current year.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $392.85, for a total transaction of $3,339,225.00. Following the transaction, the insider now directly owns 622,766 shares of the company’s stock, valued at $244,653,623.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Kathryn Bueker sold 710 shares of the stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $424.80, for a total transaction of $301,608.00. Following the transaction, the chief financial officer now directly owns 41,124 shares of the company’s stock, valued at $17,469,475.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $392.85, for a total transaction of $3,339,225.00. Following the transaction, the insider now directly owns 622,766 shares in the company, valued at $244,653,623.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,710 shares of company stock valued at $7,233,358. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Huntington National Bank increased its holdings in HubSpot by 173.1% during the third quarter. Huntington National Bank now owns 355 shares of the software maker’s stock worth $96,000 after buying an additional 225 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in HubSpot by 60.4% during the fourth quarter. Handelsbanken Fonder AB now owns 6,735 shares of the software maker’s stock worth $1,947,000 after buying an additional 2,535 shares during the last quarter. AE Wealth Management LLC increased its holdings in HubSpot by 77.3% during the fourth quarter. AE Wealth Management LLC now owns 31,209 shares of the software maker’s stock worth $9,023,000 after buying an additional 13,609 shares during the last quarter. Veriti Management LLC increased its holdings in HubSpot by 15.0% during the fourth quarter. Veriti Management LLC now owns 968 shares of the software maker’s stock worth $280,000 after buying an additional 126 shares during the last quarter. Finally, Spouting Rock Asset Management LLC increased its holdings in HubSpot by 17.1% during the third quarter. Spouting Rock Asset Management LLC now owns 5,346 shares of the software maker’s stock worth $1,444,000 after buying an additional 780 shares during the last quarter. 90.87% of the stock is owned by institutional investors.

HubSpot Company Profile

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HubSpot, Inc engages in cloud-based customer relationship management. Its platform includes marketing, sales, service, operations and content management system, as well as other tools, integrations and a native payment solutions. It operates through the following geographical segments: Americas, Europe and Asia Pacific.