HubSpot (NYSE:HUBS) Given New $835.00 Price Target at Wells Fargo & Company

HubSpot (NYSE:HUBS) had its target price increased by stock analysts at Wells Fargo & Company from $810.00 to $835.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the software maker’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 7.11% from the stock’s current price.

HUBS has been the topic of several other research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $730.00 price target on shares of HubSpot in a research note on Thursday, November 7th. Stifel Nicolaus boosted their target price on shares of HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Oppenheimer raised their price target on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Truist Financial reiterated a “buy” rating and set a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Finally, Bank of America raised their target price on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $732.88.

HubSpot Trading Up 2.1 %

Shares of NYSE HUBS opened at $779.58 on Tuesday. The stock has a market capitalization of $40.24 billion, a price-to-earnings ratio of -2,887.24, a P/E/G ratio of 44.02 and a beta of 1.72. The firm’s 50-day moving average price is $725.78 and its 200-day moving average price is $606.10. HubSpot has a 12-month low of $434.84 and a 12-month high of $811.79.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same quarter last year, the firm earned ($0.04) earnings per share. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, equities analysts predict that HubSpot will post 0.42 EPS for the current fiscal year.

Insider Activity

In other HubSpot news, CFO Kathryn Bueker sold 4,381 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $3,066,700.00. Following the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at $28,881,300. The trade was a 9.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,066 shares of company stock valued at $54,900,427. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HubSpot

Several institutional investors and hedge funds have recently modified their holdings of HUBS. The Manufacturers Life Insurance Company raised its position in HubSpot by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,178 shares of the software maker’s stock valued at $2,460,000 after purchasing an additional 63 shares in the last quarter. Cetera Investment Advisers grew its position in shares of HubSpot by 17.8% during the second quarter. Cetera Investment Advisers now owns 4,706 shares of the software maker’s stock worth $2,776,000 after buying an additional 712 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in HubSpot by 3.2% in the third quarter. Handelsbanken Fonder AB now owns 16,073 shares of the software maker’s stock valued at $8,544,000 after acquiring an additional 500 shares in the last quarter. GAMMA Investing LLC lifted its stake in HubSpot by 58.8% in the third quarter. GAMMA Investing LLC now owns 189 shares of the software maker’s stock worth $100,000 after acquiring an additional 70 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV grew its holdings in HubSpot by 10.6% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 4,339 shares of the software maker’s stock worth $2,307,000 after acquiring an additional 415 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Company Profile

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.