Wells Fargo & Company Boosts 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 issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the software maker’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 7.11% from the company’s current price.

Several other equities analysts have also issued reports on the company. Piper Sandler lowered HubSpot from an “overweight” rating to a “neutral” rating and upped their target price for the company from $570.00 to $640.00 in a report on Thursday, November 7th. Mizuho raised their target price on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. UBS Group downgraded shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Bank of America raised their price objective on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group boosted their target price on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research note 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $732.88.

HubSpot Trading Up 2.1 %

Shares of HubSpot stock opened at $779.58 on Tuesday. HubSpot has a 12-month low of $434.84 and a 12-month high of $811.79. The company has a market capitalization of $40.24 billion, a P/E ratio of -2,887.24, a price-to-earnings-growth ratio of 44.02 and a beta of 1.72. The stock has a fifty day simple moving average of $725.78 and a 200 day simple moving average of $606.10.

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

Insider Buying and Selling

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the transaction, the insider now directly owns 513,698 shares in the company, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the completion of the sale, the chief technology officer now owns 1,272,077 shares of the company’s stock, valued at approximately $941,197,051.53. The trade was a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,066 shares of company stock worth $54,900,427 over the last ninety days. 4.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

Several institutional investors and hedge funds have recently bought and sold shares of HUBS. Wellington Management Group LLP lifted its stake in HubSpot by 52.2% in the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after acquiring an additional 480,796 shares during the period. Geode Capital Management LLC increased its holdings in HubSpot by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after buying an additional 19,974 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of HubSpot by 3.8% during the fourth quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock valued at $469,987,000 after purchasing an additional 24,799 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of HubSpot by 17.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after buying an additional 86,688 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of HubSpot by 8.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock worth $280,186,000 after buying an additional 40,138 shares during the last quarter. 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.