HubSpot (NYSE:HUBS) Price Target Raised to $300.00

HubSpot (NYSE:HUBS) had its price target raised by BTIG Research from $250.00 to $300.00 in a report released on Friday, MarketBeat reports. BTIG Research currently has a buy rating on the software maker’s stock.

A number of other brokerages also recently weighed in on HUBS. Royal Bank Of Canada reiterated an “outperform” rating on shares of HubSpot in a report on Tuesday, October 6th. BMO Capital Markets upped their price target on HubSpot from $215.00 to $250.00 and gave the company a “market perform” rating in a research report on Monday, September 21st. UBS Group restated a “hold” rating on shares of HubSpot in a research note on Wednesday, October 14th. Barclays downgraded shares of HubSpot from an “overweight” rating to an “equal weight” rating and set a $240.00 price objective for the company. in a report on Monday, October 12th. Finally, Wolfe Research downgraded shares of HubSpot from an “outperform” rating to a “peer perform” rating in a report on Thursday, August 6th. Twelve research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, HubSpot currently has an average rating of “Hold” and an average price target of $266.58.

HubSpot Stock Performance

Shares of HubSpot stock opened at $271.30 on Friday. The firm has a market cap of $13.53 billion, a PE ratio of 95.86, a price-to-earnings-growth ratio of 2.80 and a beta of 1.24. HubSpot has a 1 year low of $169.63 and a 1 year high of $497.96. The firm’s 50-day simple moving average is $233.33 and its 200-day simple moving average is $218.01.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 5th. The software maker reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.24. HubSpot had a return on equity of 8.66% and a net margin of 4.26%. The firm had revenue of $911.74 million during the quarter, compared to analyst estimates of $898.31 million. During the same period in the previous year, the company earned $2.19 earnings per share. HubSpot’s quarterly revenue was up 19.8% on a year-over-year basis. HubSpot has set its FY 2026 guidance at 13.230-13.310 EPS and its Q3 2026 guidance at 3.250-3.270 EPS. On average, equities analysts predict that HubSpot will post 4.63 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Gerald Dischler bought 925 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was bought at an average cost of $215.93 per share, for a total transaction of $199,735.25. Following the completion of the purchase, the director directly owned 1,940 shares in the company, valued at approximately $418,904.20. The trade was a 91.13% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Erika Fisher sold 702 shares of HubSpot stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $235.22, for a total value of $165,124.44. Following the completion of the transaction, the insider owned 14,581 shares of the company’s stock, valued at approximately $3,429,742.82. The trade was a 4.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,202 shares of company stock valued at $6,155,159 over the last quarter. Insiders own 3.70% of the company’s stock.

Institutional Trading of HubSpot

Institutional investors and hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. increased its position in HubSpot by 135.3% in the second quarter. Assenagon Asset Management S.A. now owns 226,818 shares of the software maker’s stock worth $41,397,000 after buying an additional 130,433 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in HubSpot in the second quarter valued at $1,366,000. Meeder Asset Management Inc. acquired a new position in shares of HubSpot during the second quarter valued at $5,860,000. The Manufacturers Life Insurance Company boosted its holdings in shares of HubSpot by 175.3% during the first quarter. The Manufacturers Life Insurance Company now owns 11,063 shares of the software maker’s stock valued at $2,700,000 after acquiring an additional 7,044 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of HubSpot during the first quarter valued at $41,434,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

About HubSpot

HubSpot, Inc is a cloud-based customer relationship management (CRM) platform provider serving businesses that want to attract, engage and retain customers. Its platform brings together tools for marketing, sales, customer service, content management, operations and commerce, helping organizations manage customer interactions across the customer lifecycle.

The company’s offerings include marketing automation, email marketing, lead generation, website and content management, sales pipeline and engagement tools, customer support and help-desk capabilities, reporting and analytics, and payment and commerce features.