HubSpot (NYSE:HUBS) Hits New 52-Week High – Time to Buy?

HubSpot, Inc. (NYSE:HUBS)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $695.00 and last traded at $695.00, with a volume of 242071 shares traded. The stock had previously closed at $680.79.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Wells Fargo & Company lifted their target price on shares of HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Stifel Nicolaus upped their price target on shares of HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Needham & Company LLC reissued a “buy” rating and issued a $730.00 price objective on shares of HubSpot in a research report on Thursday, November 7th. BMO Capital Markets increased their target price on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Evercore ISI increased their target price on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $666.26.

HubSpot Stock Up 3.0 %

The stock has a market cap of $36.21 billion, a P/E ratio of -2,522.09, a PEG ratio of 8,729.41 and a beta of 1.63. The business has a 50-day simple moving average of $539.09 and a 200-day simple moving average of $545.67.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same period in the prior year, the company posted ($0.04) earnings per share. HubSpot’s revenue was up 20.1% on a year-over-year basis.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the transaction, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Kathryn Bueker sold 1,136 shares of HubSpot stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $597,354.24. Following the completion of the transaction, the chief financial officer now directly 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 legal filing with the SEC, which can be accessed through this link. Also, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the transaction, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,937 shares of company stock worth $3,194,673. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Hedge funds and other institutional investors have recently bought and sold shares of the company. Penserra Capital Management LLC boosted its holdings in HubSpot by 16.4% in the third quarter. Penserra Capital Management LLC now owns 3,380 shares of the software maker’s stock worth $1,795,000 after acquiring an additional 476 shares in the last quarter. Icon Wealth Advisors LLC grew its position in shares of HubSpot by 3,346.2% in the third quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock valued at $11,212,000 after purchasing an additional 20,479 shares in the last quarter. Citigroup Inc. grew its position in HubSpot by 17.4% during the third quarter. Citigroup Inc. now owns 26,285 shares of the software maker’s stock worth $13,973,000 after buying an additional 3,895 shares in the last quarter. AlphaCore Capital LLC grew its position in HubSpot by 10.0% during the third quarter. AlphaCore Capital LLC now owns 921 shares of the software maker’s stock worth $490,000 after buying an additional 84 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its position in HubSpot by 10.2% during the third quarter. Eagle Asset Management Inc. now owns 161,840 shares of the software maker’s stock worth $86,034,000 after buying an additional 14,984 shares in the last quarter. Institutional investors 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.