Wells Fargo & Company Raises HubSpot (NYSE:HUBS) Price Target to $835.00

HubSpot (NYSE:HUBS) had its target price hoisted by Wells Fargo & Company from $810.00 to $835.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the software maker’s stock.

A number of other equities analysts also recently issued reports on the company. Barclays lifted their price target on HubSpot from $650.00 to $725.00 and gave the company an “equal weight” rating in a research note on Monday, January 27th. Morgan Stanley upped their price target on HubSpot from $747.00 to $835.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. BMO Capital Markets increased their price target on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Evercore ISI lifted their price objective on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Finally, Canaccord Genuity Group increased their target price on shares of HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $732.88.

HubSpot Trading Down 0.3 %

NYSE HUBS opened at $777.56 on Tuesday. The company has a market cap of $40.14 billion, a P/E ratio of -2,879.75, a PEG ratio of 44.02 and a beta of 1.72. The company has a fifty day simple moving average of $726.93 and a 200 day simple moving average of $607.31. HubSpot has a 12-month low of $434.84 and a 12-month high of $811.79.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. During the same period last year, the company earned ($0.04) earnings per share. The business’s revenue was up 20.1% on a year-over-year basis. Sell-side analysts predict that HubSpot will post 0.42 EPS for the current year.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 115 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the sale, the chief technology officer now directly owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. This represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,066 shares of company stock worth $54,900,427 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Institutional investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot during the third quarter worth about $25,000. MassMutual Private Wealth & Trust FSB raised its stake in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in HubSpot during the fourth quarter valued at approximately $35,000. HM Payson & Co. grew its stake in HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after buying an additional 18 shares in the last quarter. Finally, Friedenthal Financial bought a new position in shares of HubSpot in the 4th quarter worth $50,000. 90.39% of the stock is currently owned by institutional investors.

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.