HubSpot (NYSE:HUBS) Price Target Raised to $940.00

HubSpot (NYSE:HUBS) had its target price hoisted by Wells Fargo & Company from $835.00 to $940.00 in a report issued on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the software maker’s stock.

Several other brokerages also recently issued reports on HUBS. Scotiabank upped their price target on shares of HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a report on Wednesday, January 8th. Truist Financial reaffirmed a “buy” rating and issued a $900.00 price target (up previously from $750.00) on shares of HubSpot in a research report on Thursday. Citigroup increased their price objective on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Barclays raised their price target on shares of HubSpot from $725.00 to $815.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Needham & Company LLC raised their price objective on shares of HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and an average target price of $863.96.

HubSpot Stock Down 0.9 %

NYSE:HUBS opened at $812.44 on Thursday. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13. The firm has a market capitalization of $41.94 billion, a P/E ratio of -3,008.92, a P/E/G ratio of 43.94 and a beta of 1.72. The stock’s fifty day simple moving average is $735.53 and its 200-day simple moving average is $621.29.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. As a group, equities research analysts expect that HubSpot will post 0.42 earnings per share 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 value 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 represents a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $1,260,055.64. Following the transaction, the chief financial officer now directly owns 38,560 shares in the company, valued at approximately $27,053,310.40. The trade was a 4.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,112 shares of company stock worth $51,432,627. 4.50% of the stock is owned by insiders.

Hedge Funds Weigh In On HubSpot

Large investors have recently bought and sold shares of the company. Norges Bank purchased a new position in HubSpot during the fourth quarter worth about $420,345,000. Wellington Management Group LLP raised its stake in shares of HubSpot by 52.2% during the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after purchasing an additional 480,796 shares during the period. Raymond James Financial Inc. bought a new stake in shares of HubSpot in the fourth quarter worth $157,019,000. Wealthfront Advisers LLC increased its stake in shares of HubSpot by 3,090.2% in the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock worth $93,049,000 after buying an additional 129,357 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of HubSpot by 214,342.4% in the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock worth $672,590,000 after buying an additional 126,462 shares during the last quarter. Hedge funds and other 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.