HubSpot (NYSE:HUBS) Given Buy Rating at BTIG Research

BTIG Research reaffirmed their buy rating on shares of HubSpot (NYSE:HUBS) in a research report report published on Tuesday morning,Benzinga reports. BTIG Research currently has a $300.00 price objective on the software maker’s stock.

Several other research firms also recently weighed in on HUBS. Bank of America assumed coverage on HubSpot in a research report on Tuesday, March 31st. They set a “buy” rating and a $300.00 target price for the company. Citigroup restated a “buy” rating on shares of HubSpot in a report on Friday, April 10th. Barclays decreased their price objective on HubSpot from $525.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Truist Financial decreased their price objective on HubSpot from $650.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of HubSpot in a report on Thursday, February 12th. Twenty-six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $412.39.

HubSpot Trading Up 0.1%

NYSE:HUBS opened at $230.03 on Tuesday. HubSpot has a twelve month low of $187.45 and a twelve month high of $682.57. The company has a market cap of $12.13 billion, a price-to-earnings ratio of 264.40, a price-to-earnings-growth ratio of 3.18 and a beta of 1.44. The stock has a fifty day simple moving average of $244.59 and a 200-day simple moving average of $333.39.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.10. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The business had revenue of $846.75 million during the quarter, compared to the consensus estimate of $830.65 million. During the same period last year, the company earned $2.32 earnings per share. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, equities research analysts predict that HubSpot will post 3.62 EPS for the current fiscal year.

Insider Transactions at HubSpot

In other HubSpot news, insider Erika Ashley Fisher sold 841 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total value of $200,166.41. Following the completion of the transaction, the insider directly owned 10,119 shares in the company, valued at approximately $2,408,423.19. The trade was a 7.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $262.75, for a total transaction of $2,233,375.00. Following the completion of the transaction, the director owned 370,558 shares of the company’s stock, valued at $97,364,114.50. This represents a 2.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 18,191 shares of company stock valued at $4,671,932 over the last quarter. 4.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

A number of large investors have recently added to or reduced their stakes in HUBS. Price T Rowe Associates Inc. MD raised its holdings in HubSpot by 36.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,581,922 shares of the software maker’s stock worth $1,838,727,000 after purchasing an additional 1,224,424 shares in the last quarter. Capital World Investors bought a new position in HubSpot in the fourth quarter worth about $259,930,000. AQR Capital Management LLC raised its holdings in HubSpot by 117.6% in the fourth quarter. AQR Capital Management LLC now owns 1,188,981 shares of the software maker’s stock worth $477,138,000 after purchasing an additional 642,545 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in HubSpot by 32.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,935,587 shares of the software maker’s stock worth $776,714,000 after purchasing an additional 476,740 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in HubSpot by 408.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 560,088 shares of the software maker’s stock worth $224,763,000 after purchasing an additional 449,864 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.