HubSpot (NYSE:HUBS) Given New $635.00 Price Target at JPMorgan Chase & Co.

HubSpot (NYSE:HUBS) had its target price lifted by JPMorgan Chase & Co. from $560.00 to $635.00 in a research note published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the software maker’s stock.

A number of other brokerages have also commented on HUBS. Raymond James cut their price target on HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Canaccord Genuity Group lifted their target price on shares of HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research report on Thursday. Evercore ISI upped their price target on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target on the stock in a report on Thursday, August 8th. Finally, Citigroup decreased their price objective on HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $660.96.

HubSpot Price Performance

NYSE:HUBS traded up $12.07 during mid-day trading on Thursday, reaching $656.68. The stock had a trading volume of 946,983 shares, compared to its average volume of 593,695. The stock has a 50-day simple moving average of $535.45 and a two-hundred day simple moving average of $546.83. The stock has a market capitalization of $33.72 billion, a PE ratio of -1,216.05, a P/E/G ratio of 7,506.16 and a beta of 1.63. HubSpot has a 12 month low of $413.07 and a 12 month high of $693.85.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The company had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company posted ($1.17) EPS.

Insider Transactions at HubSpot

In related news, CFO Kathryn Bueker sold 1,136 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $597,354.24. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at $21,695,632.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other HubSpot news, CFO Kathryn Bueker sold 1,136 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the completion of the sale, the chief financial officer now owns 41,259 shares in the company, valued at approximately $21,695,632.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 1,507 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $792,440.88. Following the completion of the transaction, the chief executive officer now directly owns 62,668 shares in the company, valued at $32,953,341.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,937 shares of company stock valued at $3,194,673 in the last 90 days. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of HubSpot by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock worth $3,025,964,000 after buying an additional 39,098 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in HubSpot by 10.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after purchasing an additional 176,336 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in HubSpot by 0.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 484,586 shares of the software maker’s stock valued at $285,804,000 after purchasing an additional 3,775 shares during the period. Capital Research Global Investors increased its position in shares of HubSpot by 0.9% during the 1st quarter. Capital Research Global Investors now owns 452,210 shares of the software maker’s stock valued at $283,337,000 after purchasing an additional 4,242 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of HubSpot by 88.7% during the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock worth $142,468,000 after purchasing an additional 113,555 shares during the period. Institutional investors and hedge funds 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.